SHERIDAN, WYOMING – Feb. 28, 2025 – Westgate Resorts has officially announced its definitive agreement to acquire Bellevue, Washington-based Vacation Ownership Sales (VOS), along with the management and sales and marketing rights for VI Resorts. This strategic acquisition, set to close in 2025, marks a significant expansion for Westgate Resorts, solidifying its position as a leader in the vacation ownership industry.
Expanding Westgate's Portfolio and Vacation Club Offerings
As part of the acquisition, Westgate Resorts will assume management of VI Resorts’ points-based Vacation Club, which boasts a portfolio of over 40 domestic and international resorts and destinations. These locations span across the United States, Mexico, and Canada, offering diverse vacation experiences. Westgate Resorts plans to continue growing the VI Club by attracting new owners through its robust sales and marketing efforts.
Investing in Enhanced Owner Experiences
Demonstrating its commitment to enhancing the VI program, Westgate Resorts has pledged to invest over $4 million in marketing, branding, and technology improvements. These investments aim to elevate the vacation experience for VI Resorts’ owners, providing them with enhanced benefits and services.
“We are thrilled to significantly expand Westgate with this game-changing acquisition of Vacation Ownership Sales and management of VI Resorts’ Vacation Club with more than 40 resort locations,” said Westgate Resorts’ CEO Jim Gissy. “We look forward to working with the VI Resorts Owners to help enhance their Vacation Club, bring exciting new Westgate destinations into the VI Club and create new and diverse vacation product offerings for our existing Owners at Westgate.”
Welcoming Vacation Ownership Sales to the Westgate Team
Upon completion of the acquisition, Mike Vasey, owner and president of Vacation Ownership Sales, will join the Westgate executive team, bringing his extensive industry experience to the company. “From the moment I began speaking with the Westgate team it instantly felt like a natural fit that the largest independent, owner-led vacation club and the largest independent timeshare brand should come together. This acquisition will lead to so many product synergies and collaborative opportunities,” said Vasey. “The VI Resorts team and I look forward to joining the Westgate team and leveraging over 90 years of history between our two great companies.”
A Legacy of Vacation Ownership and Enhanced Collaboration
Celebrating its 50th anniversary in 2024, VI Resorts is renowned for its pioneering points-based timeshare system, established in 1974. This collaboration will enable the VI Resorts Board to leverage Westgate’s management expertise to enhance resort operations and elevate the overall owner experience.
“We have enjoyed getting to know the Westgate Resorts leadership team over the past year and have visited several of their resort locations. We appreciate the immense capacity that this partnership brings, allowing the VI Club to remain independent,” said Betty Flad, president of the VI Owners Association (VIOA) Board and a VI Resorts owner.
Strategic Growth and Enhanced Exchange Opportunities
This acquisition follows Westgate’s recent partnership with Choice Hotels, underscoring the company’s commitment to strategic growth and expanding its timeshare business. The integration will provide existing Westgate owners with the opportunity to exchange their ownership time for stays at VI Resorts locations, and conversely, VI Resorts owners can access Westgate Resorts locations through their Interval International membership. This mutual exchange enhances the value proposition for both sets of owners.
About Westgate Resorts
Westgate Resorts is a leading name in the vacation ownership industry, committed to providing exceptional vacation experiences. This acquisition of Vacation Ownership Sales and VI Resorts further solidifies Westgate’s dedication to expanding its portfolio and enhancing offerings for its valued owners.
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