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 namesake of Welk Resorts.
A Mountain Villas unit at Welk Resorts San Diego.
The late Lawrence Welk (standing) with son and current Welk Resorts’ board Chair Larry Welk (seated).