Northern Virginia, 26 January 2021 – Global law firm Hogan Lovells has advised Welk Hospitality Group, Inc., on its agreement to sell the Welk Resorts portfolio of vacation resorts, programs and property management contracts for approx. US$430 million, to Marriott Vacations Worldwide (MVW).

The transaction will bring together two respected industry leaders with properties in some of the most iconic and sought-after vacation destinations in the world.

The transaction is expected to close early in the second quarter of 2021 and is subject to customary closing conditions, including regulatory approvals.

A Northern Virginia-based Hogan Lovells team advising Welk Hospitality Group, Inc. was led by M&A partner Carine Stoick, with key support from corporate senior associate Michael Rogers, corporate associate Stephen Truban, tax partner Jasper Howard, tax associate Caitlin Piper, securities partner Kevin Greenslade, securities associate Christine Bocknek, real estate partner Lee Berner, senior real estate associate Leslie Graham and employee benefits counsel Laura Szarmach, employee benefits partner Kurt Lawson, antitrust partner Michele Harrington, intellectual property partner Audrey Haroz Reed, intellectual property counsel Cameron Robinson and capital markets senior associate Liz Graffeo.

The full release can be found here.