Discovery Land Company

Discovery Land Company
Company typePrivate
IndustryReal Estate
Founded1994; 30 years ago (1994)
FounderMichael Meldman
Revenue$1 billion (2015)
Websitediscoverylandco.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 had an annual turnover of $1 billion in sales (2015).[5]

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]

  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.