Diamond Resorts International: A Hospitality and Resort Management Company

The concept of Diamond Resort International works similarly to timeshare and destination clubs. The business is registered as a vacation ownership company that is publicly held on the NASDAQ. Founded in 1996, the company holds its headquarters in Las Vegas, Nevada.

The operations of the company cover 33 countries. Every individual who wants to purchase any real estate interest operated by the Diamond Resorts are able to choose from their 89 managed resorts. In addition, they also have163 affiliated resorts that were formerly owned by Sunterrra Resorts and Timeshares. They also have four cruise itineraries that are made available through their DRI timeshare exchange. Claiming to be one of the largest hospitality companies in the world, the business has over 490,000 members and owners.

The company was founded by Stephen J. Cloobeck, who also created the US Corporation for Travel Promotion. The company is known or not having any accreditation from the Better Business Bureau.