Discovery Land Company

Last updated
Discovery Land Company
Company type Private
Industry Real Estate
Founded1994;30 years ago (1994)
Founder Michael Meldman
Revenue$1 billion (2015)
Number of employees
750+ (2023)
Website discoverylandco.com

The Discovery Land Company is an American real estate development company and hospitality operator based in Scottsdale, Arizona. Founded in 1994 by Michael Meldman, the company mainly operates private residential communities and clubs in North America. [1] [2] In 2022, the company made public that they will follow an international expansion strategy. [3] [4] Discovery has 750+ employees (2023) and an annual turnover of $1 billion in sales (2015). [5]

Contents

According to The New York Times , David Solomon, chief executive officer of Goldman Sachs, is a controlling part-owner of Discovery. [6] [7] Discovery, respectively Meldman, was involved in several lawsuits over the past years. [8] [9] [10]

History

Discovery Land Company was founded in 1994 by Michael S. Meldman with the opening of The Estancia Club in Scottsdale, Arizona, and then the Iron Horse project in Whitefish, Montana. The company has 19 properties in Hawaii, California, Arizona, Nevada, Idaho, Montana, Texas, Tennessee, New York, and North Carolina in the U.S., Los Cabos in Mexico, Great Guana Cay in The Bahamas, and Portugal. Discovery Land acquired land in 2021 to build Costa Terra in Comporta south of Lisbon in Portugal. [11] Opening in 2022, Driftwood Club is a project with a Tom Fazio designed golf course near Austin, Texas. [12] In 2022, the Two Lewis Road project is an East Quogue, New York property approved under Southampton Town Planning review. [13] Barbuda Ocean Club, planned to open in 2023, is a project with a Tom Fazio designed golf course on the island of Barbuda. [14]

Philanthropy

The Discovery Land Company Foundation primarily supports children in shelters and in foster care. The Foundation donates to trusted charities providing the best programs and mentors to assist youth. [15]

Related Research Articles

<span class="mw-page-title-main">Rio Verde, Arizona</span> CDP in Maricopa County, Arizona

Rio Verde is a master-planned community just east of Scottsdale, in Arizona. It is also a census-designated place (CDP) in Maricopa County, Arizona, United States, located in the far, far northeast area of the whole Phoenix Metropolitan Area. The population was 2,210 as of the 2020 census, up from 1,811 at the 2010 census.

<span class="mw-page-title-main">Scottsdale, Arizona</span> City in Arizona, United States

Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, and is part of the Phoenix metropolitan area. Named Scottsdale in 1894 after its founder Winfield Scott, a retired U.S. Army chaplain, the city was incorporated in 1951 with a population of 2,000. At the 2020 census, the population was 241,361, which had grown from 217,385 in 2010. Its slogan is "The West's Most Western Town". Over the past two decades, it has been one of the fastest growing cities and housing marketings in the United States.

<span class="mw-page-title-main">The Hamptons</span> Seaside group of towns, villages and hamlets

The Hamptons, part of the East End of Long Island, consist of the towns of Southampton and East Hampton, which together compose the South Fork of Long Island, in Suffolk County, New York. The Hamptons are a popular seaside resort and one of the historical summer colonies of the northeastern United States.

<span class="mw-page-title-main">Bob Parsons</span> American Internet entrepreneur

Robert Ralph Parsons is an American entrepreneur, billionaire, and philanthropist. In 1997, he founded the GoDaddy group of companies, including Internet domain name registrar GoDaddy.com, reseller registrar Wild West Domains, and Blue Razor Domains. In July 2011, Parsons sold approximately 70 percent of GoDaddy to a private equity consortium and resigned his position as CEO. In June 2014, he stepped down from his position as Executive Chairman and served on the board until 2018.

<span class="mw-page-title-main">The Trump Organization</span> Businesses owned by Donald Trump

The Trump Organization is an American privately-owned conglomerate owned by Donald Trump. It serves as the holding company for all of Trump's business ventures and investments, with around 250 of its affiliates and subsidiaries using the Trump name. Donald Trump joined the organization in 1968, began leading it in 1971, renamed it around 1973, and handed off its leadership to his children in 2017 after he won the 2016 United States presidential election.

<span class="mw-page-title-main">McCormick Ranch</span> Planned community in Maricopa County, Arizona

McCormick Ranch refers to an area in Scottsdale, Arizona, which is one of the largest planned communities in Arizona.

The Estancia Club is a private golf club located at the base of Pinnacle Peak Mountain in Scottsdale, Arizona, within the 600-acre (2.4 km2) Estancia Club gated community. Designed by Tom Fazio, the course was built around the natural features of the land in order to take advantage of the desert and mountain scenery.

Nouveau Riche was a multi-level marketing company and a non-accredited vocational school specializing in real estate investing. Class topics ranged from introductory real estate investing to advanced techniques such as creative real estate investing techniques including wholesaling, multi-units, and short sales; examples of course titles are "Fix & Flip" and "Creative Financing."

<span class="mw-page-title-main">Trump National Doral Miami</span> Golf resort in Florida, United States

Trump National Doral Miami is a golf resort in Doral in South Florida in the United States. It was founded by real estate pioneer Alfred Kaskel in 1962, with the name "Doral" coming from an amalgamation of the first names of Kaskel and his wife, Doris. It currently has 72 holes of golf and its signature course is the Blue Monster at Doral.

Baker's Bay Golf & Ocean Club is a private resort community in the Northeastern Bahamas. The development is located near Baker's Bay in Great Guana Cay situated between the Sea of Abaco and the Atlantic Ocean. The 585-acre (2.37 km2) project is a resort development of 385 homes. Developed by Discovery Land Company, the project will include a Tom Fazio-designed 18 hole golf course, 200-slip marina, Marina Village resort area, and a private club that includes beach club and spa.

<span class="mw-page-title-main">Stockton, Whatley, Davin & Co.</span> American financial services company

Stockton, Whatley, Davin & Co. (SWD) was one of the largest mortgage banking, real estate and insurance firms in the Southeast of the United States. It was founded in 1884 as the property management Telfair Stockton Company and operated until 1983 when it was broken up by its new owner Phillips Petroleum Company. The assets were sold to First National Bank of Boston and Gate Petroleum.

<span class="mw-page-title-main">Amelia Island Plantation</span> Resort in Amelia Island, Florida

Omni Amelia Island Resort is a luxury resort community located on Amelia Island, Florida, the westernmost barrier island on the Atlantic Ocean in the U.S. The resort's tennis facility hosted the Bausch & Lomb Championships, a major Women's Tennis Association tournament, for 20 years. The 402-room hotel on the property is now part of Omni Hotels & Resorts.

<span class="mw-page-title-main">King Kamehameha Golf Course Clubhouse</span> House in Maui, Hawaii

The King Kamehameha Golf Course Clubhouse, formerly known as the Waikapu Valley Country Club, is a building in Waikapu, Maui, Hawaii. The structure is based on the unbuilt Arthur Miller house (1957) originally conceived by American architect Frank Lloyd Wright (1867–1959). Wright designed the house for Arthur Miller's wife, Marilyn Monroe (1926–1962), but Miller and Monroe divorced soon after and the project was abandoned. The Arthur Miller house design was a modification of two previous unbuilt projects—the Raúl Baillères house (1952) and before it, the Robert F. Windfohr house (1949), also known as the "Crownfield" house.

<span class="mw-page-title-main">Trump National Golf Club Bedminster</span> Golf club in Bedminster, New Jersey

Trump National Golf Club is a private golf club located on Lamington Road in Bedminster, New Jersey. Approximately 40 miles (64 km) west of New York City in Somerset County, it is owned and operated by The Trump Organization.

DAMAC Properties is an Emirati property development company, based in Dubai, in the United Arab Emirates. Founded by Hussain Sajwani, it was listed on the Dubai Financial Market in early 2015. The company was delisted in 2022 after it was taken private again; Sajwani, who retained 72% of all shares, purchased the remaining shares for 2.19 billion AED. The company operates internationally.

<span class="mw-page-title-main">Golf course community</span>

A golf course community is a type of residential housing development built around a golf course.

Phoenix Country Club is a country club in the southwestern United States, located in Phoenix, Arizona. The club was founded 124 years ago in 1899 and was moved to its current location in 1921. Golf Connoisseur Magazine rated Phoenix Country Club among top 100 Most Prestigious Private Clubs in America in 2006. The club was chosen for the “ultimate mix of course, history, membership, tradition and class.” In 2009 and 2014, PCC was selected by its peers as a Platinum Club of America. The original golf course designed by Harry Collis was redesigned by Tom Lehman and John Fought in 2002.

Yoel Goldman is an American real estate developer who founded the Brooklyn, New York-based development company, All Year Management.

Scottsdale National Golf Club (SNGC) is a private golf club located north of the McDowell Mountain Range, and just east of Pinnacle Peak in Scottsdale, Arizona. It is owned by Bob Parsons, an American entrepreneur, who is the founder of GoDaddy and Parsons Xtreme Golf, and his wife, Renee, president of PXG Apparel. The property provides an uncontested 360-degree views and is protected on three sides by preservation wilderness.

<span class="mw-page-title-main">Michael Meldman</span> American businessman

Michael S. Meldman is an American businessman. He is the founder and chairman of Discovery Land Company, and one of the three founders of Casamigos tequila with George Clooney and Rande Gerber.

References

  1. "Development Newsmaker of the Year 2007" (PDF). Golf Inc. March 21, 2007. Archived from the original (PDF) on July 10, 2011.
  2. "Leading Man" (PDF). Luxury Living. February–March 2007. Archived from the original (PDF) on July 10, 2011.
  3. "Discovery Land Company Plans Global Expansion With Brett White and Michelle Ngo". www.businesswire.com. 2022-05-24. Retrieved 2023-05-15.
  4. "Discovery Plans Global Expansion With Two High-Profile Additions". Connect CRE. Retrieved 2023-05-15.
  5. "Developer Mike Meldman Is Real Estate's Party Boy". The Wall Street Journal . January 14, 2016.
  6. Flitter, Emily (2023-04-24). "Not Just a D.J., Goldman C.E.O. Also Dabbles in Luxury Real Estate". The New York Times. ISSN   0362-4331 . Retrieved 2023-05-15.
  7. Cane, Jeffrey. "Goldman Sachs' David Solomon invested in a luxury real-estate developer his bank failed to win business from". Business Insider. Retrieved 2023-05-15.
  8. Monahan, Shea (2023-02-23). "East Quogue Resort Developer Beats Another Lawsuit". The Real Deal. Retrieved 2023-05-15.
  9. "Lawsuit filed over plan to build luxury golf course on Pine Barrens land". News 12 - Long Island. January 20, 2023. Retrieved 2023-05-15.
  10. "Your Average Wall Street Friendship—Naked Sushi Girls Included". airmail.news. Retrieved 2023-05-15.
  11. Vora, Shivani (5 November 2021). "On the Portuguese Coast, an Appealing Spot for Seaside Homes". New York Times .
  12. "Luxury homes, golf course club coming to Driftwood". Hays Free Press.
  13. Voorhis, Nelson (1 July 2020). RESPONSE TO PINE BARRENS COMMISSION STAFF REVIEW AND PUBLIC COMMENTS (PDF) (Report). Nelson Pope Voorhis.
  14. Ellwood, Mark. "The best VIP WFH Caribbean villas hitting the market now". New York Post .
  15. "Discovery Land Company Foundation".