Westgate Resorts

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Westgate Resorts Twenty-Fifth Anniversary Logo
Westgate Resorts Twenty-Fifth Anniversary Logo

Westgate Resorts is a timeshare company owned and operated by David A. Siegel. Siegel started Central Florida Investments (CFI), the parent company of Westgate Resorts, in the early 1970s, as a real estate development firm. The firm started out of David Siegel's garage, but has since grown to be the largest privately held timeshare company in the world. [1] CFI employs more than 10,000 people across the United States and has annual revenues approaching $1 billion.

The company first expanded from Central Florida to Miami and Daytona Beach, then outside the State of Florida. Westgate now encompasses 28 resorts throughout the United States.

With over 450,000 owners worldwide, Westgate Resorts is the third largest company in the industry. The company provides vacation accommodations as well as offering worldwide travel exchange through its affiliation with Interval International.


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[edit] Current Projects

Westgate’s newest and most ambitious product is fifty-two stories above the strip in Las Vegas, Nevada. The Planet Hollywood Towers by Westgate will be the only timeshare property directly connected to a major hotel/casino on the Las Vegas strip. When completed, the project will have over 1,200 vacation villas and 28 penthouse condominiums; it will cost an estimated $1 billion.

The Westgate Anaheim Gardenwalk is an addition to the Anaheim GardenWalk Development in Anaheim, California. Directly adjacent to the Disneyland Resort, with easy access to the resort park, spectacular views of Disneyland and its environs, and with amenities within the GardenWalk development almost adjacent.

Westgate Myrtle Beach Oceanfront Resort, Myrtle Beach, SC, on the famous Grand Strand beach area in Myrtle Beach, is being improved with restaurants, pools, shopping, and water sports.

The Reserve at Westgate Lakes, located in Orlando, Florida, is Westgate's newest Florida-based project. Located on one of Central Florida's most picturesque lakes, the new resort will include an on-site water park, tennis and basketball courts, a restaurant, and Westgate's Papillon the Spa,

[edit] Twenty-Fifth Anniversary

The year 2007 marks the company's twenty-fifth anniversary of US timeshare sales. [2]

[edit] Wild Bear Falls Water Adventure

Westgate’s Wild Bear Falls Water Adventure is the largest indoor/outdoor waterpark in the South and the fifth largest in the United States. At more than 60,000 square feet, the park uses over 300,000 gallons of water daily. Westgate’s Wild Bear Falls is the latest expansion to Westgate Smoky Mountain Resort, in Gatlinburg, TN, and opened to families on March 2nd, 2007. Other features include a 15,000 square foot mezzanine with a restaurant, retail shop and electronic game room; Cades Cove Lazy River, a 900-foot lazy river; Clingman’s Dome, a 360-foot body slide; and Laurel Falls, a 300-foot tube slide. For families with young children, the park features Little Pigeon River, a zero entry pool and toddler play area, and Wild Bear Falls, a tree house play feature that dumps gallons of water periodically on the guests below. [3]

[edit] Westgate Resorts Foundation

Westgate Resorts also operates the Westgate Foundation, which gives out over $2 million annually to Florida and national charities and causes.

[edit] Mystery Fun House

The Mystery Fun House was an attraction owned and operated by Central Florida Investments since 1976. Located across from Universal Orlando Resort in Orlando, Florida, the facility closed in 2001 as a destination attraction and reopened as a corporate operations facility. Two movies were filmed at the Mystery Fun House, the birthday scene of Parenthood (1989) and some of Night Terror (1988).

[edit] References

  1. ^ Siegel on a tear with time share expansions - Orlando Business Journal:
  2. ^ http://biz.yahoo.com/prnews/070503/clth131.html?.v=24
  3. ^ The Mountain Press

[edit] External links