Westgate Resorts Expands Portfolio with Strategic Acquisition
Westgate Resorts Completes Strategic Acquisition
In a significant move, Westgate Resorts has successfully finalized its acquisition of Vacation Ownership Sales (VOS), an esteemed management and sales partner of VI Resorts. This acquisition is poised to enhance vacation options for timeshare owners and marks a pivotal moment in Westgate's impressive 40-year evolution in the hospitality industry.
Introducing VI Resorts by Westgate
The newly branded VI Resorts by Westgate aims to leverage Westgate's extensive expertise in resort management and marketing, reflecting the strengths garnered over four decades. With this transition, the VI Resorts brand promises to deliver an upscale experience to timeshare owners, further enriching their vacation opportunities.
Investment in Improvement
Westgate Resorts has committed to investing over $4 million in marketing, technology enhancements, and brand development aimed at elevating the experience for owners within the VI Resorts community. This investment underlines the company's dedication to continuous improvement and delivering top-notch service to its clients.
Expanded Vacation Choices
VI Resorts owners will now enjoy enhanced access to an array of additional resorts within the Westgate network. This includes properties like the Westgate Blue Tree Resort and Westgate Palace Resort located in Orlando, alongside the Westgate Painted Mountain Golf Resort in Mesa, Arizona. Such access provides owners with an enriched experience within an impressive collection of holiday destinations.
Seamless Transition
As part of this acquisition, Mike Vasey, the Owner and President of VOS, will join the executive team at Westgate. His involvement is crucial for ensuring a smooth transition as the hospitality giant integrates VI Resorts by Westgate into its expansive portfolio. Westgate's CEO, Jim Gissy, emphasized this integration as an opportunity to refresh vacation offerings, thereby catering to the desires of both Westgate and VI Resorts owners.
Strategic Growth Initiatives
This acquisition follows a recent partnership established with Choice Hotels, reflecting Westgate's ongoing growth strategy. The company aims to broaden its presence in both the timeshare and adjacent hospitality sectors. Also noteworthy are two exciting experiential attractions that Westgate plans to unveil in the Central Florida region this summer: the River Country Water Park at Westgate River Ranch Resort & Rodeo and The Mystery Funhouse Arcade Experience at Westgate Town Center Resort.
About Westgate Resorts
Westgate Resorts stands as a leading diversified hospitality company, recognized as the largest privately held timeshare resort club globally, with over 60 resort properties. With accommodations designed to accommodate families seeking adventure or relaxation, Westgate has become a staple in premier vacation destinations. The company has a comprehensive portfolio that includes sought-after locations like Orlando, Las Vegas, Gatlinburg, Park City, and Myrtle Beach. Following the addition of VI Resorts, a part of Westgate's expansion includes increased availability across the Pacific Northwest and other regions including Hawaii, Canada, and Mexico.
Since its inception in 1982, Westgate has dedicated itself to crafting memorable vacation experiences and ensuring exceptional service. The company's 9,000-member team strives to deliver personalized travel missions tailored to each family's needs, maintaining a balance of excitement and tranquility. Connect with Westgate Resorts on their social platforms and discover more about their offerings at WestgateResorts.com.
Frequently Asked Questions
What recent acquisition did Westgate Resorts complete?
Westgate Resorts acquired Vacation Ownership Sales (VOS), the exclusive management partner of VI Resorts.
What is the new name of the vacation club after the acquisition?
The vacation club is now known as VI Resorts by Westgate.
How much is Westgate investing in improvements for VI Resorts?
Westgate is investing over $4 million in marketing, branding, and technology enhancements.
What new resorts will VI Resorts by Westgate owners access?
Owners will access additional properties, including the Westgate Blue Tree Resort and Westgate Palace Resort in Orlando, and the Westgate Painted Mountain Golf Resort in Mesa.
Who will lead the VI Resorts by Westgate business post-acquisition?
Mike Vasey, the former President of VOS, will lead the VI Resorts by Westgate business as part of Westgate's executive team.
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