If you’re a fan of luxurious resorts, then you must have heard of Westgate Resorts. This resort chain has been around since the early 1980s and has gained a reputation for offering top-notch accommodations and amenities.
But have you ever wondered who owns Westgate Resorts? In this article, we’ll delve into the history of Westgate Resorts and its ownership.
The Origins of Westgate Resorts
Westgate Resorts was founded by David Siegel in 1982. Siegel had previously worked in the timeshare industry and saw an opportunity to create a new type of resort experience that combined the benefits of timeshares with traditional hotel accommodations. He started with a single resort in Florida and gradually expanded his business over the years.
The Current Ownership of Westgate Resorts
Today, Westgate Resorts is owned by Central Florida Investments, Inc., which is also owned by David Siegel. The company is based in Orlando, Florida and operates 28 resorts across the United States.
David Siegel: The Man Behind Westgate Resorts
David Siegel is an American businessman who was born in Chicago in 1935. He started his career as a real estate agent before moving into the timeshare industry in the 1970s.
In addition to his work with Westgate Resorts, he is also known for his philanthropic efforts. He has donated millions of dollars to various causes over the years, including medical research and education initiatives.
Other Key Figures at Westgate Resorts
In addition to David Siegel, there are several other key figures at Westgate Resorts who play important roles in running the company. These include:
- Jackie Siegel: David’s wife, who is also involved in various philanthropic efforts.
- Mark Waltrip: The Chief Operating Officer of Westgate Resorts.
- Jim Gissy: The Executive Vice President of Sales and Marketing.
The Future of Westgate Resorts
With its strong leadership team and commitment to providing top-notch accommodations and amenities, Westgate Resorts is well-positioned for continued success in the future. The company has plans to expand its footprint even further, with new resorts currently under development in locations such as Las Vegas and Cocoa Beach.
Conclusion
In conclusion, Westgate Resorts is owned by Central Florida Investments, which is in turn owned by David Siegel. With a strong leadership team and a commitment to providing high-quality resort experiences, the future looks bright for this popular vacation destination.