Diamond Resorts International has announced that it has completed an agreement to purchase Intrawest Resort Club Group. Intrawest Resort Club Group manages Club Intrawest, a timeshare vacation club that consists of nine resorts throughout North America.
Diamond Resorts International already has more than 350 vacation destinations in 34 countries around the world. They will be adding Club Intrawest resorts located in Canada, California, Florida and Mexico to their network with this acquisition. The purchase is expected to be completed by the first quarter of 2016.
Club Intrawest is a unique timeshare company. They have kept their properties on the small side intentionally. The property
in Whistler, British Columbia is the largest at 113 vacation homes. But the average size is less than 60 vacation homes in a resort. The smallest resort is in Ucluelet (also in British Columbia, Canada) with only 10 vacation villas. Club Intrawest has also tried to stay away from a cookie-cutter approach to building their resorts. Each property boasts unique features that are not found in any other locations.
In announcing the purchase, Tom Marano, Chief Executive Officer of Intrawest Resorts said, “We are excited to enter into this agreement and believe this is a strategic move for both the vacation club business and Intrawest.”
Diamond Resorts International also takes a points-based membership approach to timeshare ownership, offering destinations on six continents along with cruises. “We are acquiring a business with a very strong member base and a set of high quality resorts that will complement our portfolio, and we look forward to building a mutually beneficial relationship with Intrawest beyond this transaction,” said David Palmer, President and Chief Executive Officer, Diamond Resorts International.
Research suggests that people who regularly take vacations are happier, enjoy more fulfilling relationships and feel healthier than those who do not vacation on a regular basis. Whether you have been a long-time Club Intrawest or Diamond owner, or are interested in discovering more about the merging companies, now might be the time to consider vacation ownership so you too can benefit from regular time away.