Family-Owned Welk Resorts Announces Pending Acquisition by Marriott Vacations Worldwide (MVW)
Share this article Share this article 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. Famous tel...
Source: prnewswire.com