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Company Office Resort locations Number of resorts Number of rooms Number of owners Karma Group: Singapore: India, Indonesia, Greece, France, Germany, Thailand ...
The company was sold to railroad company CSX, which combined it with its hotel resort The Greenbrier. In 1986, CSX sold the brand, and the original hotel companies were dispersed, though The Greenbrier remained. In 1999, the RockResorts brand was acquired by Olympus Hospitality, [1] and later acquired by Vail Resorts in 2001. [2]
As the initial property expanded, Larry Welk, a record company executive and Lawrence Welk's son, became the group's first CEO and guided the company into the timeshare business in the 1980s. [6] During the 50 years since the company's formation, the company has developed five luxury resorts with over 1000 vacation ownership accommodations.
Marriott Vacations Worldwide Corporation is a pure-play public timeshare company. [2] Formerly a division of Marriott International, Marriott Vacations Worldwide was established as a separate, publicly traded entity focusing primarily on vacation ownership in November 2011. [3]
Travel + Leisure Co., headquartered in Orlando, Florida, is the largest vacation ownership company in the world by number of owners and resorts. It includes a network of more than 270 properties, 25,000 individual units, and over 800,000 property owners. [14] Locations are in North America, the Caribbean, and the South Pacific. The company's ...
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[39] [40] It entered the timeshare sales and management business by buying Fairfield Communities for $690 million, [41] [42] and Trendwest Resorts for $980 million. [43] [44] In 2002, Cendant bought Budget Rent a Car out of bankruptcy for $110 million plus $2.8 billion in assumed debt. [45]
That year, the company recorded sales of US$115.9 million. [13] In 1998, Bluegreen expanded into Aruba, [13] and the following year, Bluegreen entered the "urban timeshare market" by acquiring an inn in South Carolina. In 1999, the company had record net profits of $17 million and overall sales of $257.7 million. [13]
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