Marriott Vacations Worldwide Acquires Welk Resorts for Approximately $430 Million
January 26, 2021
Marriott Vacations Worldwide (MVW) entered into a definitive agreement to acquire Welk Resorts, a family-owned timeshare and resort operator, for approximately $430 million, including stock. The deal expands MVW’s Hyatt Residence Club footprint by adding eight upper-upscale resorts (nearly 1,400 keys) and ~55,000 owners, and is expected to close in early Q2 2021 subject to customary approvals.
- Buyers
- Marriott Vacations Worldwide
- Targets
- Welk Resorts
- Sellers
- Welk Resorts / Welk family
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Transaction Type
- Buyout
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