Careers at Diamond Resorts
Exceed expectations with high quality resorts and incomparable hospitality.
With over 300 resorts in 34 countries, Diamond Resorts International is one of the world’s largest vacation timeshare companies. The company employs more than 4,500 people and its CEO and founder, Stephen Cloobeck, has become a minor celebrity after repeated appearances on the television show “Undercover Boss”. Diamond Resorts was featured on the show’s first and fourth seasons.
Diamond Resorts was founded in 2007 when Cloobeck acquired Sunterra Corporation. That firm was acquired for $16 per share in a transaction valued at more than $700 million, of which $375 million was debt. Prior to launching Diamond Resorts, Cloobeck had acquired over 25 years of experience in the real estate field, acquiring numerous hotels, shopping centers, office building and residential properties.
DRI has made a number of acquisitions since its founding, including the Gold Key Resorts, which was bought for $167 million. In 2011, DSI was awarded the Sword of Honour by the British Safety Council for its high health and safety standards and excellent service to customers.
Diamond Resorts became a publicly traded company in 2013, with shares being made available at $14 per share. The same year, the company was reported to have revenues over $230 million. In June 2016, Apollo Global Management made a successful bid to acquire Diamond Resorts International for $2.2 billion.
In a deal that was managed by Centerview Partners, it was agreed that Apollo would pay $30.25 per share for DRI. Diamond Resorts’ main headquarters is based in Las Vegas, Nevada. Cloobeck, who also serves as the Chairman of the US Government’s Corporation for Travel Corporation, remains as the DRI’s Chairman of the Board. The CEO and President of the company is David Palmer.
DRI offers a range of services to customers, including a Vacations for Life subscription, which allows access to 420 of its affiliated properties.
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