Crage brings more than 30 years of experience in the hospitality and entertainment industries
August 15, 2017 – Diamond Resorts International®, a global leader in the hospitality and vacation ownership industries, announces that Peter Crage will assume the role of Chief Financial Officer effective August 21, 2017.
In his most recent position as Chief Financial Officer for SeaWorld Entertainment, Crage was responsible for overseeing the turnaround of the financial performance of the company amidst public concern and ongoing regulatory and legislative pressure. Prior to his role with SeaWorld, Crage held the role of Chief Financial Officer for Extended Stay America, where he led the ground-up transformation of this private equity owned organization and worked seamlessly with the equity sponsor group, underwriters and legal team to accomplish the initial public offering of stock to the equity markets. With Crage’s financial oversight, the company revenues/EBlTDA outperformed market and grew 12% and 20%, respectively, in 2013 through a combination of operating initiatives and the deployment of a $600 million, multiyear renovation and maintenance program.
“I am excited to join Diamond Resorts and eager for the road ahead as the company has experienced tremendous growth and there is ample opportunity to continue to build on the existing strategic goals and initiatives across the business,” said Crage, appointed Chief Financial Officer, Diamond Resorts International®.
“We are very excited to welcome Peter as the new CFO and are looking forward to working with him to further grow and enhance the business,” stated Ken Siegel, President and Chief Administrative Officer, Diamond Resorts International®. “This is an exciting time for Diamond Resorts, and with Crage’s background and undeniable track record, we have full confidence that he will lead the global team to continued success.”
Effective December 31, 2017, Alan Bentley will retire as Chief Financial Officer of the Company. Bentley will continue to support Diamond Resorts for the remainder of the year in an advisory role.
Diamond Resorts International® (Diamond Resorts) is a worldwide leader in the hospitality and vacation ownership industries with a network of more than 370 vacation destinations located in 35 countries throughout the continental United States, Hawaii, Canada, Mexico, the Caribbean, South America, Central America, Europe, Asia, Australasia and Africa.
Diamond Resorts offers its members the opportunity to create priceless memories through innovative vacation choices including once-in-a-lifetime excursions to world-renowned landmarks, unforgettable guided tours to dream destinations, and access to exclusive VIP concert experiences, high-energy sporting events and exciting shows. With high-quality resorts in desirable destinations, Diamond Resorts provides the kind of vacation experiences that help its members, owners and guests reconnect with loved ones, collect a lifetime of meaningful memories and keep that Stay Vacationed® feeling all year long.
Diamond Resorts International® manages vacation ownership resorts and sells vacation ownership points that provide members and owners with Vacations for Life® at over 370 managed and affiliated properties and cruise itineraries.