Westgate Resorts Expands with VI Resorts Acquisition
Deal News | Feb 28, 2025 | EIN

Westgate Resorts has announced a significant strategic acquisition, purchasing the management rights for Vacation Ownership Sales (VOS), the exclusive management and sales partner of VI Resorts, the largest owner-controlled timeshare and vacation club in North America. This acquisition will see Westgate's number of resort destinations increase from 22 to over 60, adding locations in Mexico and Canada to its portfolio. As part of the acquisition, Westgate will manage VI Resorts' points-based Vacation Club, significantly enhancing its offerings across the U.S., Hawaii, Mexico, and Canada. Westgate has pledged an investment of over $4 million in marketing, branding, and technology to improve the experience for current VI Resorts owners. Following the acquisition, VOS's owner and president, Mike Vasey, will join Westgate's executive team, helping to lead the transition and integration. The collaboration between the two companies is seen as mutually beneficial, offering expanded opportunities for both VI Resorts and Westgate owners through Westgate’s management expertise and additional destinations. VI Resorts, celebrating its 50th anniversary, will maintain its independence with an owner-led board while leveraging the partnership to enhance operations. Westgate has also recently partnered with Choice Hotels, which complements this acquisition, allowing VI Resorts owners to benefit from exchange opportunities at Westgate properties, and vice versa via Interval International membership.
Sectors
- Hospitality and Tourism
- Real Estate
Geography
- North America – The acquisition involves resort destinations across North America, including new locations in the USA, Mexico, and Canada.
Industry
- Hospitality and Tourism – The article pertains to the hospitality industry, focusing on vacation ownership, timeshares, and resort management.
- Real Estate – The acquisition involves expanding the number of resort destinations, which falls under real estate operations.
Financials
- $4 million – Westgate Resorts has committed to investing over $4 million in marketing, branding, and technology to enhance the VI Resorts owners' experience.
Participants
Name | Role | Type | Description |
---|---|---|---|
Westgate Resorts | Acquiring Company | Company | Westgate Resorts is a major player in the timeshare and vacation ownership industry, expanding its footprint through strategic acquisitions. |
VI Resorts | Target Company | Company | VI Resorts is the largest owner-controlled timeshare and vacation club in North America, focusing on points-based vacation ownership. |
Vacation Ownership Sales (VOS) | Selling Company | Company | VOS is the exclusive management and sales partner for VI Resorts. |
Jim Gissy | CEO of Westgate Resorts | Person | Jim Gissy leads Westgate Resorts and has overseen significant expansion efforts. |
Mike Vasey | Owner and President of VOS | Person | Mike Vasey will join Westgate's executive team post-acquisition to lead the division. |
Betty Flad | President of the VI Owners Association Board | Person | Betty Flad represents VI Resorts owners and is involved in the partnership discussions. |