By leveraging our high-value marketing and sales channels and leveraging more efficient rental distribution channels, we expect to be able to drive higher contract sales and expand margins." "The acquisition will expand Hyatt Residence Club's geographic presence while providing substantial future growth opportunities. "Welk's premier resorts are in highly desirable vacation markets, including San Diego, Breckenridge, Lake Tahoe and Cabo San Lucas, Mexico, and will be a nice addition to our footprint," said CEO of Marriott Vacations Worldwide Stephen P. Lawrence Welk's grandson, Jon Fredericks, is currently CEO of the company. Welk opened its first vacation ownership resort in 1984 and the company now operates a portfolio of eight upscale vacation ownership resorts located mostly in highly sought-after West Coast United Stated vacation markets. Ownership of the business has remained mostly with the Welk family, with seven family members and a former company president sharing 88% of ownership, along with 12% owned by employees through an employee stock ownership plan. Welk Resorts started in 1964 when musician Lawrence Welk bought 900 acres of mostly undeveloped land near San Diego's North County community of Escondido. Marriott intends to rebrand all Welk resorts to become Hyatt Residence Club resorts. The acquisition is anticipated to close early in the second quarter of 2021. Marriott Vacations is purchasing Welk for approximately $430 million, including approximately 1.4 million in MVW common shares. Start planning your escape to Lawrence Welk Resort Villas today by filling out the form on the right, or calling 1-87 to speak to one of our independent timeshare resale specialists directly.Marriott Vacations Worldwide announced today that it has entered into an agreement to acquire Welk Resorts, which was founded in San Diego in 1964 and is now one of the largest independent timeshare companies in North America. You will also be able to enjoy fantastic views of the surrounding fairways and breathtaking mountain scenery.
Each contemporary unit is elegantly appointed and equipped with deluxe amenities for comfort and convenience.
With such a variety of activities and attractions, Lawrence Welk Resort San Diego is the perfect destination for large families with kids, couples, and adult travel groups alike.Ī variety of unit styles and sizes are available ranging in size from studio suites all the way up to two-bedrooms. All of this while being surrounded by the fun and vibrant energy of San Diego. This exquisite property offers incomparable amenities such as two golf courses, a weekly farmers' market, and an on-site village for shopping, dining and theater. Lawrence Welk Resort Villas is located on the Welk Resorts San Diego complex, which is also home to Villas on the Greens and the Mountain Villas.
0 kommentar(er)
