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 television bandleader Lawrence Welk, host of The Lawrence Welk Show from 1951 to 1982, and beloved name...
Source: prnewswire.com