Interval International, a prominent worldwide provider of vacation services and an operating business of Interval Leisure Group (Nasdaq: IILG), and Central Florida Investments/Westgate Resorts, one of the largest privately held developers in the vacation ownership industry, today announced the extension of their master affiliation agreement. The multi-year contract continues the relationship established in 1991 and comprises 25 properties throughout the United States, as well as future development.
“Interval International has been a great partner of ours for the past 20-plus years and we look forward to continuing this great relationship. They have been an important part of the success of our company,” said David Siegel, founder, president, and CEO of Westgate Resorts. “Since day one, we’ve focused on providing exceptional value and memorable vacation experiences. We could not have a better exchange partner than Interval, whose high-quality resort network, programs, and benefits have helped us meet our owners’ needs.”
“David Siegel has a remarkable entrepreneurial spirit. He entered the American timeshare business at its infancy in the ‘80s with just 16 units, and built Westgate Resorts into a most impressive empire,” said Craig M. Nash, chairman, president, and CEO of Interval Leisure Group. “We look forward to many more years of our ongoing collaboration with David and his team, as we grow our respective businesses.”
The Westgate collection of resorts encompasses experiential-themed resort properties in some of the most popular vacation destinations across the United States such as, Orlando, Florida; Gatlinburg, Tennessee; Williamsburg, Virginia; and Park City, Utah, among others. While diverse in location, each resort features luxurious villa accommodations, a multitude of on-site amenities, and an extensive family-oriented activities program. The resorts include a variety of world-class amenities, award-winning restaurants, full-service spas, and Westgate Smoky Mountain Resort & Spa is home to one of the largest indoor/outdoor water parks in the southeast. The company also offers a wide range of guest services to ensure that owners and visitors fully enjoy their destination experience.