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Multi-Practice BakerHostetler Deal Team Represents Marriott in $470 Million Acquisition of Welk Resorts

News / January 26, 2021

BakerHostetler served as legal counsel to Marriott Vacations Worldwide (MVW) in the acquisition of Welk Resorts, the owner of a portfolio of vacation resorts, programs and property management contracts for approximately $470 million, including approximately 1.4 million MVW common shares. The deal is expected to close early in the second quarter of 2021.

A multi-practice team represented longtime BakerHostetler client MVW in the purchase of the independent timeshare company which operates Welk-branded vacation resorts in California, Colorado, Missouri, New Mexico, and Cabo San Lucas, Mexico. The properties will be rebranded as Hyatt Residence Club properties, a complex, longer-term initiative subject to final approval from Hyatt Hotels Corporation.

Welk Resorts is led by President and CEO Jon Fredricks, grandson-in-law of the late Lawrence Welk, the beloved television bandleader who started the Welk hospitality business.

The BakerHostetler deal team included key Partners John Melicharek, Steven Goldberg, and Robert Schroeder (M&A), Gerald Ferguson (data privacy and technology), Kurt Gruber (timeshare and real estate), John Lehrer (tax), Sabrina Shadi (employment), Deborah Wilcox (trademarks and other intellectual property), and Counsel John Boyd (employee benefits).

The deal also was supported by Partners John Harrington, Thomas Hogan, Nathan Schacht, Numan Siddiqi, William Pence, and Associates Brady Cummins, Samanta Franchim, Matthew Gases, Kristin Kluding, Judah Lieblich, Patrick Luthen, Daniel McClain, Laura Peterson, Jennifer Rodriguez, Douglas Sayranian, Lauren Sternbach, Douglas Vonderhaar, Tess Wafelbakker and Patrick Waldrop.

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