Marriott Vacations Worldwide

Marriott Vacations Worldwide Completes Acquisition of Welk Resorts

Marriott Vacations Worldwide has announced that the acquisition of Welk Resorts has officially been completed. This acquisition of Welk Resorts, of one of the largest independent timeshare companies in North America, cost $485 million including 1.4 million MVW common shares of stock.

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Welk Resorts Confirms Pending Acquisition of the Brand by Marriott Vacations Worldwide

After 57 years, family-owned Welk Hospitality Group has agreed to an approximated $430-million acquisition offer from Marriott Vacations Worldwide (MVW.) This offer includes the sale of Welk Resorts’ portfolio of resort properties, vacation ownership programs, and property management contracts, as well as 1.4 million Marriott Vacations Worldwide shares. The deal has an anticipated closing sometime early in the second quarter of 2021. [Read more…]

Marriott Vacations Worldwide

Marriott Vacations Worldwide CEO Stephen P. Weisz Receives Charles Andrews Memorial Hospitality Award for Community Leadership

The Central Florida Hotel & Lodging Association (CFHLA) has honored Marriott Vacations Worldwide CEO Stephen P. Weisz with the Charles Andrews Memorial Hospitality Award for Community Leadership. Weisz was presented with this award at the CFHLA Members of the Year Awards Ceremony hosted in Orlando, Florida. [Read more…]

Marriott Vacations Worldwide

Marriott Vacations Worldwide Welcomes Lori Gustafson as Executive Vice President and Chief Brand and Digital Strategy Officer

Marriott Vacations Worldwide Corporation has announced that Lori Gustafson will be the company’s executive vice president and chief brand and digital strategy officer. Ms. Gustafson also serves as a member of Marriott Vacations’ Executive Committee. In this new role, she will be responsible for the enterprise’s global brand footprint and driving growth and customer satisfaction through digital innovation.

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