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 is a national full-service business law firm with 240 attorneys and 26 locations across the United States. We are ranked amongst
American Lawyer’s Am Law 200, as one of the top law firms in the U.S. since 2015. Since our inception in 1981, our firm has been committed to providing excellent client service through our cross-disciplinary, client-team approach. Our mission is to understand the challenges that our clients face, build collaborative relationships, and craft creative solutions designed and executed with long-term strategic goals in mind. We serve Fortune 500, middle-market public and private companies, start-ups, emerging businesses, individuals and entrepreneurs nationwide.
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