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Westgate Resorts is an American timeshare resort company founded by David A. Siegel in 1982. The company first expanded from Central Florida to Miami and Daytona Beach . As of July 2021, Westgate Resorts has 22 locations across the United States .
David Alan Siegel (born May 3, 1935) [2] is an American businessman who founded Westgate Resorts Ltd, a Florida-based timeshare resort firm, and is its president and chief executive officer. He has ten biological children and two adopted children. Siegel is CEO of CFI Resorts Management Inc and Central Florida Investments Inc.
As you might imagine, the recession took a huge toll on the resort sector. For Westgate Resorts, that meant reducing headcount by 7,000 employees to just 5,000 in total as revenue plunged about 50 ...
After the deal fell through, Debbie Reynolds Hotel & Casino filed Chapter 11 bankruptcy as part of a reorganization plan. The company entered into a $22.5 million merger agreement with CFI (Central Florida Investments), also known as Westgate Resorts, which would have saved the hotel and the public company.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
Like many other luxury resorts around the world, Amelia Island Plantation is feeling the effects of the recession. Last week, the 1,350-acre luxury enclave overlooking the Atlantic Ocean in ...