Intrawest Resort Club Group

Diamond Resorts announced yesterday the completion of its acquisition of Intrawest Resort Club Group from Intrawest Resort Holdings, Inc for $85 million—an agreement that began back in November. The transaction includes the management contracts with Club Intrawest, the current balance of notes receivable, approximately four acres of undeveloped land, and the current balance of points available for sale. [Read more…]

Diamond Resorts, a Las Vegas based timeshare developer, acquired Intrawest Resort Club Group (IRCG) for $85 million. The acquisition is expected to be finished within the first quarter of 2016. This will give Diamond Resorts ownership of nine IRCG properties primarily in Canada, California, Florida and Mexico. [Read more…]