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Family-Owned Welk Resorts Announces Pending Acquisition by Marriott Vacations Worldwide (MVW)

SAN MARCOS, Calif., Jan. 26, 2021 /PRNewswire/ — 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 approximately $430 million, including approximately 1.4 million MVW common shares. The acquisition is expected to close early in the second quarter of 2021.    After the transaction closes, MVW intends to rebrand the Welk-branded vacation […]