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On January 21st, 2021, Marriott Vacations Worldwide announced it will be acquiring Welk Resorts. That acquisition was completed three months later, costing Marriot $485 million. The agreement also included 1.4 million MVW common shares. Welk Resorts boasts a high-quality portfolio of eight resorts and one hotel. As a result, it’s one of the largest privately owned vacation ownership companies in the U.S.. Welk Resorts’ existing resorts will be fully rebranded into the Hyatt Residence Clubs, as well as its points program. Once Welks Resorts and Hyatt Residence Club are combined, owners, members, and guests can access 24 vacation ownership properties. Overall, Marriot is proud to be the company that owns Welk Resorts.