Family-owned Welk Resorts to be acquired by Marriott Vacations Worldwide

After 57 years and four generations, Welk Resorts has agreed to a $430-million acquisition offer. Welk Hospitality Group has entered into an agreement with Marriott Vacations Worldwide Corporation (“MVW”) (NYSE: VAC) to sell the Welk Resorts portfolio of vacation resorts, programs and property management contracts for about $430 million, including about 1.4 million MVW common shares. The acquisition is expected […]