Westgate Resorts
Company type | Privately held company |
---|---|
Industry | |
Founded | 1982 |
Founder | David A. Siegel |
Headquarters | , |
Key people |
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Website | www |
Westgate Resorts is an American timeshare resort company headquartered in Orlando, Florida. It was founded in 1982 by David A. Siegel with the opening of a 16-unit resort in Kissimmee, Florida. The company has since expanded across the United States and, as of 2025, offers more than 60 resort destinations, including those added through the acquisition of VI Resorts.
History
Westgate Resorts was founded in 1982 by David A. Siegel with the opening of a 16-unit property at Westgate Vacation Villas in Kissimmee, Florida.[2]
Throughout the 1990s and 2000s, Westgate continued to add properties in destinations such as Las Vegas, Park City, Myrtle Beach, and Branson. Westgate Lakes Resort & Spa opened in 1996, followed by Westgate Towers in 1997; Westgate Town Center and Westgate Smoky Mountain Resort & Spa in 1999; Westgate Flamingo Bay in 2001; Westgate Blue Tree Resort, Westgate Park City Resort & Spa and Westgate River Ranch in 2002; and Westgate Palace and Westgate Historic Williamsburg in 2003.[3]
It operates as a subsidiary of Central Florida Investments, Inc. (CFI), which employs over 10,000 people and has evolved into the largest privately held corporation in the Central Florida area. Siegel opened CFI, a real estate development firm, with an office located in his family garage in 1970.[4]
Westgate Resorts now encompasses more than 13,500 villas at 22 full-service resorts.[5] Siegel was recognized as a CEO of the Year honoree by the Orlando Business Journal in 2014.[6]
In 2016 Westgate Smoky Mountain Resort suffered extensive damage from a fire, rebuilding is said to have begun quickly. In May 2018, musician Barry Manilow returned to Las Vegas as the exclusive headliner at the Westgate International Theater at Westgate Las Vegas Resort & Casino.[7] In June 2018, Westgate acquired the former Hilton New York Grand Central, a 23-floor, 300-room, two-tower hotel located in the historic Tudor City neighborhood within Midtown Manhattan's East Side that has been rebranded Westgate New York City.[8]
In March 2024, Westgate Resorts appointed longtime company executive Jim Gissy as Chief Executive Officer, succeeded founder David A. Siegel, who transitioned to the role of Executive Chairman and President while continuing to lead the company's strategic direction.[9][10]
In February 2025, Westgate Resorts announced the acquisition of VI Resorts through its affiliate, Vacation Ownership Sales (VOS).[11] The deal added over 40 properties to Westgate's portfolio, primarily on the U.S. West Coast, and marked one of the most significant geographic expansions in the company's history.[12]
David Siegel died in April 2025.[13]
Legal issues and litigation
In 2013, Westgate Resorts was involved in a legal dispute in federal court in Las Vegas concerning construction-related issues at the pH Towers. The case centered on allegations of unpaid bills and substandard building work. On February 27, 2013, Clark County District Judge Elizabeth Gonzalez ordered Westgate Resorts to pay $9 million to Tutor-Saliba Corporation for unpaid bills. The court also awarded Westgate Resorts $2.6 million in damages related to alleged construction deficiencies, including issues such as a cracked concrete swimming pool.[14]
In 2010, Westgate Resorts faced a lawsuit from approximately 300 former sales employees who alleged unpaid sales commissions. The court ruled in favor of the plaintiffs, ordering Westgate to pay $600,000. After an initial payment of $50,000, further payments ceased, leading to continued legal proceedings for an additional three years. The case was ultimately resolved under Judge Michael Baxley, with Westgate agreeing to a settlement of $500,000, which was $100,000 less than the original judgment.[15][16] In January 2014, Westgate filed lawsuits against several of the former employees involved in the class action, seeking to recover previously paid commissions. Some of the defendants and their legal representatives viewed the action as retaliatory, with one attorney calling it "unconscionable."[17]
On January 20, 2009, Westgate Resorts was found guilty of violating the Telemarketing Sales Rule, including the National Do Not Call Registry provisions, and agreed to a $900,000 settlement with the U.S. government.[18]
In 2012, David Siegel and Westgate Resorts sued the Sundance Institute and the filmmakers of The Queen of Versailles, alleging defamation. The case was stayed in 2013 and sent to arbitration, where the arbitrator ruled in favor of the filmmakers in 2014.[19][20][21] Westgate was ordered to pay $750,000, with the arbitrator finding no false content or demonstrated harm, and noting the absence of actual malice required for a defamation claim involving a public figure.[22][23][24]
Philanthropy
Westgate Resorts and the Siegel family have been involved in charitable initiatives, particularly in the areas of youth education and drug prevention. Following the death of their daughter Victoria Siegel in 2015 from a drug overdose, David and Jackie Siegel founded the Victoria’s Voice Foundation, a nonprofit organization focused on substance abuse prevention and education.[25] The foundation promotes awareness campaigns, supports policy initiatives aimed at reducing youth drug use, and provides resources for families and communities addressing addiction. It has partnered with schools, municipalities, and law enforcement agencies to distribute naloxone (Narcan) and expand access to overdose prevention programs.[26][27]
References
- ^ "Executive Leadership Team". westgateresorts.com. Retrieved April 9, 2025.
- ^ "Westgate Resorts founder David Siegel dies". West Orange Times & Observer. 2025-04-07. Retrieved 2025-07-03.
- ^ "Our History | Westgate Resorts". WestgateResorts. Retrieved 2023-05-08.
- ^ "David Siegel: Positions, Relations and Network - MarketScreener". www.marketscreener.com. Retrieved 2025-06-23.
- ^ "About Westgate Resorts". WestgateResorts.
- ^ "Meet 2014 CEO of the Year honoree David Siegel". Orlando Business Journal.
- ^ "Barry Manilow will return to Las Vegas for 20 shows". Los Angeles Times.
- ^ "Westgate Resorts enters NYC market near Times Square". Orlando Sentinel.
- ^ "Westgate Resorts David Siegel steps down from CEO role". bizjournals.com. Retrieved 2025-07-03.
- ^ America, Gaming. "Westgate Resorts announces new leadership appointments". gamingamerica.com. Retrieved 2025-07-03.
- ^ "Westgate Resorts expands with acquisition of VI Resorts management rights". HOTELSMag.com. Retrieved 2025-06-23.
- ^ "Latest news: Westgate buys VOS; EasyHotels sold; Driftwood's $40M in financing". www.hotelinvestmenttoday.com. Retrieved 2025-06-23.
- ^ Moore, Julia (April 7, 2025). "David Siegel, Husband of Queen of Versailles Star Jackie Siegel, Dies at 89: 'Devastated Is an Understatement'". People. Retrieved April 9, 2025.
- ^ "General contractor comes out ahead in timeshare dispute". Las Vegas Review Journal.
- ^ "300 former Myrtle Beach employees sue 'Timeshare King". WMBF News. Jan 2013.
- ^ "Westgate Resorts owner David Siegel proposes settlement in Myrtle Beach timeshare lawsuit". Global Financial Network.
- ^ "Westgate sues workers who battled company in wage action".
- ^ "Central Florida Investments Inc., a Florida Corporation, et al., United States of America (for the Federal Trade Commission)". 27 January 2009.
- ^ Eriq Gardner (2013-01-25). "'Queen of Versailles' Filmmaker Wins Key Ruling in Defamation Fight". The Hollywood Reporter. Retrieved 2013-02-06.
- ^ "Westgate Resorts, Ltd. v. Lauren Greenfield, Frank Evers and Greenfield/Evers LLC" (PDF). 2013-01-24. Retrieved 2013-02-06.
- ^ Deshayla Strachan (2013-01-29). "'Queen of Versailles' Spat Heads to Arbitration". Entertainment Law Digest. Retrieved 2013-02-06.
- ^ Eriq Gardner (2014-03-13). "'Queen of Versailles' Filmmaker Beats Westgate's Defamation Claim (Exclusive)". Hollywood Reporter.
- ^ Adam Benzine (2014-03-17). "IFTA backs filmmakers over "Queens of Versailles" complaint". Hollywood Reporter.
- ^ "IFTA Award by Roy Rifkin in matter of Westgate Resort Ltd versus Frank Evers, Lauren Greenfield, and Greenfield/Evers LLC".
- ^ "Victoria Seigel: Queen of Versailles Jackie Seigel on Daughter's Overdose". People.com. Retrieved 2025-07-03.
- ^ "Senator Ashley Moody Joins Victoria's Voice Foundation to Bring Awareness to Lifesaving Overdose Reversal Drug Naloxone". Senator Moody. Retrieved 2025-07-03.
- ^ Hogan, Brandon (2025-04-05). "David Siegel, Westgate Resorts founder who fought opioid epidemic, dies at 89". WKMG. Retrieved 2025-07-03.