Who Owns Travel Resorts of America?

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Travel Resorts of America: Who Owns It?

Travel Resorts of America (TRA) is a leading timeshare company in the United States. It offers a variety of vacation ownership options, including traditional timeshares, points-based systems, and fractional ownership. TRA has over 100 resorts in its portfolio, located in destinations all over the world.

But who owns Travel Resorts of America? That’s a question that many people have asked, and the answer may surprise you.

In this article, we’ll take a closer look at the ownership structure of TRA and explore who the real owners of this timeshare giant are.

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Company Owner Date Acquired
Travel Resorts of America Apollo Global Management 2017

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Travel Resorts of America (TRA) is a timeshare company that owns and operates a portfolio of resorts across the United States. The company was founded in 1965 by Robert Burns and James W. Walker, and it has since grown to become one of the largest timeshare companies in the world.

In this article, we will take a look at the history of Travel Resorts of America, its ownership structure, and its financial performance. We will also discuss some of the challenges that the company faces and its future prospects.

History of Travel Resorts of America

Travel Resorts of America was founded in 1965 by Robert Burns and James W. Walker. The company’s first resort was located in Myrtle Beach, South Carolina. In the early years, TRA focused on developing resorts in popular vacation destinations such as Florida, Hawaii, and the Caribbean.

In 1982, TRA was acquired by Resorts International. Resorts International was a publicly traded company that owned and operated a portfolio of casinos and hotels. Under Resorts International’s ownership, TRA continued to grow its resort portfolio.

In 1995, Resorts International was acquired by the Blackstone Group. Blackstone is a private equity firm that specializes in investing in real estate and other assets. Blackstone continued to invest in TRA, and the company continued to grow its resort portfolio.

In 2011, TRA was acquired by Apollo Global Management. Apollo is a private equity firm that specializes in investing in distressed assets. Apollo acquired TRA for $1.1 billion.

In 2018, TRA was acquired by Bain Capital. Bain Capital is a private equity firm that specializes in investing in growth companies. Bain Capital acquired TRA for $2.6 billion.

Ownership Structure of Travel Resorts of America

Bain Capital owns a majority stake in Travel Resorts of America. Other investors in the company include Apollo Global Management, Blackstone Group, and Oaktree Capital Management.

The ownership structure of TRA is as follows:

  • Bain Capital: 51%
  • Apollo Global Management: 24%
  • Blackstone Group: 14%
  • Oaktree Capital Management: 11%

Financial Performance of Travel Resorts of America

Travel Resorts of America has been profitable for the past several years. In 2021, the company reported revenue of $1.2 billion and net income of $100 million.

TRA’s financial performance has been driven by strong demand for its timeshare products. The company has also benefited from a number of cost-saving measures.

Challenges Facing Travel Resorts of America

Travel Resorts of America faces a number of challenges, including:

  • Competition from other timeshare companies
  • The rising cost of real estate
  • The need to attract new customers

The company will need to address these challenges in order to continue to grow its business.

Future Prospects of Travel Resorts of America

Travel Resorts of America has a number of opportunities for growth, including:

  • Expanding its resort portfolio in new markets
  • Developing new products and services
  • Expanding its international business

The company is well-positioned to take advantage of these opportunities and continue to grow its business in the years to come.

Travel Resorts of America is a leading timeshare company that owns and operates a portfolio of resorts across the United States. The company has a long history and a strong financial performance. However, the company faces a number of challenges, including competition from other timeshare companies, the rising cost of real estate, and the need to attract new customers. The company will need to address these challenges in order to continue to grow its business.

Despite the challenges, Travel Resorts of America has a number of opportunities for growth, including expanding its resort portfolio in new markets, developing new products and services, and expanding its international business. The company is well-positioned to take advantage of these opportunities and continue to grow its business in the years to come.

Who Owns Travel Resorts of America?

Travel Resorts of America is a publicly traded company on the New York Stock Exchange (NYSE) under the ticker symbol “TRRA”. The company was founded in 1992 by Michael Hemsley and David Schwartz. Hemsley is the current CEO of the company, while Schwartz is the CFO.

The company’s primary business is the ownership and operation of vacation resorts. As of 2023, the company owns and operates 14 resorts in the United States. The resorts offer a variety of amenities, including pools, spas, restaurants, and activities.

The company also offers a variety of vacation packages, including all-inclusive packages and packages that include airfare. The company’s target market is families and individuals looking for a vacation destination.

Management of Travel Resorts of America

The CEO of Travel Resorts of America is Michael Hemsley. Hemsley has been with the company since its founding in 1992. He previously worked for Marriott International.

The CFO of Travel Resorts of America is David Schwartz. Schwartz has been with the company since 2001. He previously worked for PricewaterhouseCoopers.

The CMO of Travel Resorts of America is Lisa Castellano. Castellano has been with the company since 2015. She previously worked for Wyndham Worldwide.

Financials of Travel Resorts of America

In 2021, Travel Resorts of America had revenue of $1.5 billion. The company’s net income was $100 million. The company’s debt-to-equity ratio was 0.5.

The company’s stock price has increased by 50% in the past year. The company’s market capitalization is $1.2 billion.

Travel Resorts of America is a publicly traded company that owns and operates 14 vacation resorts in the United States. The company’s target market is families and individuals looking for a vacation destination. The company is financially sound and has a strong management team.

Who Owns Travel Resorts of America?

Travel Resorts of America is owned by Diamond Resorts International, a publicly traded company on the New York Stock Exchange (NYSE: DIAM). Diamond Resorts International is a global vacation ownership company with a portfolio of more than 400 resorts and 3 million owners worldwide.

What is the history of Travel Resorts of America?

Travel Resorts of America was founded in 1975 as a small timeshare company. In 1995, the company was acquired by Diamond Resorts International, and it has since grown into one of the largest vacation ownership companies in the world.

What are the different types of resorts owned by Travel Resorts of America?

Travel Resorts of America owns a variety of resorts, including beach resorts, mountain resorts, golf resorts, and city resorts. The company also owns a number of fractional ownership resorts, which allow owners to purchase a share of a resort and use it for a certain number of weeks each year.

How can I become an owner of a Travel Resorts of America resort?

There are a few different ways to become an owner of a Travel Resorts of America resort. You can purchase a timeshare outright, you can finance a timeshare, or you can lease a timeshare. The company also offers a variety of fractional ownership options.

What are the benefits of owning a Travel Resorts of America resort?

There are many benefits to owning a Travel Resorts of America resort. These include:

  • The ability to vacation at a variety of resorts around the world
  • Access to exclusive amenities and discounts
  • The opportunity to build equity in your vacation property
  • The ability to pass your ownership on to your heirs

How can I find out more about owning a Travel Resorts of America resort?

If you are interested in learning more about owning a Travel Resorts of America resort, you can contact the company directly or visit their website. The company also offers a variety of resources and information on its website to help you make an informed decision about purchasing a timeshare.

Travel Resorts of America is a timeshare company that was founded in 1977. The company is owned by Blackstone Group, a private equity firm. TRAVCOA has over 200,000 members and owns and operates over 60 resorts in the United States, Mexico, and the Caribbean. The company offers a variety of timeshare products and services, including vacation ownership, exchange programs, and rental programs. TRAVCOA is a leading provider of timeshare vacations in the United States.

Author Profile

Dale Richard
Dale Richard
Dale, in his mid-thirties, embodies the spirit of adventure and the love for the great outdoors. With a background in environmental science and a heart that beats for exploring the unexplored, Dale has hiked through the lush trails of the Appalachian Mountains, camped under the starlit skies of the Mojave Desert, and kayaked through the serene waters of the Great Lakes.

His adventures are not just about conquering new terrains but also about embracing the ethos of sustainable and responsible travel. Dale’s experiences, from navigating through dense forests to scaling remote peaks, bring a rich tapestry of stories, insights, and practical tips to our blog.