Marriott Vacations Worldwide completed the acquisition of Welk Resorts for $430m.

Marriott Vacations Worldwide, a company operating hotels, completed the acquisition of Welk Resorts, a portfolio of vacation resorts, for $430m. "It is bittersweet after 57 wonderful years of memories and accomplishments to be welcoming a new owner for Welk Resorts. We are confident in MVW and its shared commitment to excellence. Our board and family recognized that its vision, resources and globally-recognized brand ensure the best long-term future for our valued team members and Owners," Jon Fredricks, Welk Resorts President and CEO.