Westgate Timeshare

Westgate Resorts announced in a press release that they have been awarded a Healthy 100 Workplace Wellness Bronze Award. The award, presented by Florida Hospital is presented to companies that excel in promoting a healthy lifestyle for their employees. The Florida Hospital hopes that this will encourage both businesses and employees to enjoy becoming healthier, happier individuals.

Westgate Resorts COO Mark Waltrip shared, “Westgate Resorts is thrilled to receive the Healthy 100 Workplace Wellness Award. We strive to create a culture of wellness in our organization to make sure all of our team members live a long and healthy life.”

The Healthy 100 Workplace Wellness awards are granted in three categories: bronze, silver, and gold. Award categories are based upon the organization’s wellness practices and programs, with the gold award as the highest level. Recognized practices include the organization’s work to encourage healthier activities, employee nutrition, and an overall support of wellness culture. Westgate’s Bronze award shows that they making a great effort to encourage this culture to their employees. Recipients of the award are recognized for two years.

Florida Hospital Senior Vice President of Healthy 100, Lieutenant General Mark Hertling, “We are very excited to recognize Westgate Resorts for committing to creating a healthy atmosphere throughout their company. […]Workplace wellness is a marathon, not a sprint because it’s not an initiative; it is a long term commitment to the health of the employees. Championing the health of employees with programs that encourage a healthy lifestyle translates into increased morale, reduced absenteeism, increased employee productivity and an increase of the bottom line.”.

This year, a record breaking 101 recipients were granted with a Healthy 100 Workplace Wellness Award. Of the 101 awards given, there were 10 Gold Awards, 19 Silver Awards, and 72 Bronze Awards.

“Florida Hospital sees firsthand the impact a sedentary lifestyle can have on our community,” said Hertling. “We believe it is our duty to help inspire the community to make healthy lifestyle changes and live more productive lives.”.

To view the full list of this year’s recipients or to learn more about how your organization can support a healthy lifestyle, visit www.Healthy100Pilots.org.

Orlando, Florida based, Westgate Resorts, one of the largest privately owned timeshare and vacation ownership companies in the world, recently closed on $140 million securitization. Since April, 2012, Westgate Resorts timeshare has closed financing transactions of more than $850 million.

Approximately $700 million of the money is in securitizations that include 25 new investors, including money funds, hedge funds, and insurance companies. The balance of the funding comes from four new credit lines backed by major commercial banks.

According to Westgate Resorts, the massive funding goes to pay down existing debt and provide greater liquidity for the company. David A. Siegel, President and Chief Executive Officer, Westgate Resorts, says, “We appreciate the continued confidence of the financial markets and we are already on pace to significantly exceed last year’s sales revenues. We attribute our success to the outstanding experience we deliver our guests, and our industry leading sales and marketing efficiencies.”

Siegel adds, “We believe we enhance the lives of our guests by providing them a lifetime of wonderful vacation memories,” added Siegel. “I want to thank all of our financial partners for their support, and our valued Westgate team members for exceeding our guests’ expectations each and every day.”

Thanks to Extreme Engineering, Westgate Resorts River Ranch is being outfitted with a complete “High Action adventure™” area. High Action Adventure areas include thrill attractions such as climbing walls, zip lines, and Extreme Air Jumpers, all within one convenient space. Describing them as the new norm in resort entertainment, Philip Wilson, vice president of Extreme Engineering, explains, “High-action adventures  are … designed to keep the resort guests on the property and provide good, clean adventure with memories that will last a life-time.”

Westgate Resorts River Ranch is one of the full-service timeshare resorts operated by Westgate Resorts. Located south of Orlando, in River Ranch, Florida, this particular resort is already an adventure site, offering a true dude ranch experience with horseback riding, airboat and swamp buggy rides, fishing or target practice at the trap and skeet range, and other related activities. The High Action Adventure™ area by Extreme Engineering will add to the fun of this Florida timeshare resort. As Philip Wilson explains, “(it) is another layer of thrilling activities available on the ‘Dude Ranch’ resort. It’s like a babysitter on steroids … when they are done riding horses they saddle up again to ride the zip lines.”

Westgate River Ranch offers 1700 acres of natural lands to explore, western-themed accommodations, a pool and hot tub, a weekly rodeo, a full service marina, and even a petting zoo complete with llamas, pot-bellied pigs, and emus … plus soon, a whole new level of action adventure.

Here’s a view of an extreme adventure already in place at another destination.

The exclusive resort finance (timeshare financing) lending correspondent for Liberty Bank, Wellington Financial, has closed its $65 million loan to Westgate Resorts timeshare.

Westgate Resorts CFO Tom Dugan explains, “Westgate has had a long-term relationship with Liberty through the bank’s participation in various transactions over the years. We are delighted to enter into a direct lending relationship with them and look forward to a successful, long-term association together.”

Liberty Bank is recognized in the timeshare and vacation ownership industry for having supported timeshare initiatives for over 30 years. Actively lending to timeshare companies, Liberty Bank is enthusiastic about its continuing relationship with Westgate Resorts timeshare. Liberty Bank VP of Resort Finance, David Brede, says, “We are confident in their senior management team’s ability to continue to be a successful company and an industry leader.”

Established in 1825, Liberty Bank is the oldest mutual bank in Connecticut, the company’s headquarters.

Other news of Liberty Bank’s presence in the vacation ownership industry and timeshare financing: 

• Liberty Bank Renews Financing for Bluegreen Timeshare
• King’s Creek Plantation Timeshare Enters Financing Deal with Liberty Bank
• Silver Lake Resort Timeshare Receives Renewed Loan from Liberty Bank