Greenspoon Marder Represents Timeshare Giant in Connection with Asset-backed Securitization, Totaling Almost $700 million

Jun 8, 2013

Greenspoon Marder, a full-service business law firm, represented Westgate Resorts, Ltd., in connection with a $140,200,100 million securitization. During the past year, this was the sixth securitization transaction in which Greenspoon Marder represented Westgate Resorts, Ltd.; combined, these six transactions total nearly $700 million.

“This series of securitizations is evidence of Westgate’s continued growth and demonstrates the strength of the timeshare industry as a whole,” said Michael Marder, the Co-Managing Shareholder of Greenspoon Marder. “It was very hard to obtain a securitization back in 2008 with the down economy but with these recent deals, we are happy to say that our client has weathered the storm.”
Westgate Resorts, known as one of the largest privately-owned timeshare companies, acquires, develops, markets, sells, and manages 27 full-service vacation and ownership and resort properties comprising over 10,000 units with an additional 72 units under construction in Gatlinburg, Tennessee. These resort properties are located in Orlando, Miami and Daytona Beach, FL; Las Vegas, NV, Gatlinburg, TN; Park City, UT; Williamsburg, VA; Myrtle Beach, SC; Branson, MO, and other locations.
The team of attorneys credited with successfully closing the deal, led by Michael Marder, co-managing shareholder of Greenspoon Marder, included Heidi Boyles (Orlando office); Leonard Lubart , shareholder (Ft. Lauderdale office); Ellen Gilmore, shareholder (Ft. Lauderdale office) and Robert Jackson, shareholder (Orlando office).

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 240 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has upheld a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

MEDIA CONTACT

Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Greenspoon Marder Represents Timeshare Giant in Connection with Asset-backed Securitization, Totaling Almost $700 million

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