The acquisition is expected to close in the second quarter of 2021, at the close of the deal all Welk Resort properties will be rebranded Hyatt Residence Club properties. In 2021, Welk Resort Group entered into an agreement to be acquired by Marriott Vacations Worldwide Corporation for $430 million. JC Resorts manages this facility, with Sean Coogan as the General Manager. Designed by Jim Brown, the Oaks golf course opened in 1985. The course rating is 70.0 and it has a slope rating of 113 on Bermuda grass. The group is currently headed by Jon Fredricks, grandson of Lawrence Welk. The 18-hole Oaks course at the Welk Resort San Diego facility in Escondido, California features 1,837 yards of golf from the longest tees for a par of 54. Ownership of the business has remained primarily with the Welk family, with seven family members and a former company president sharing 88 percent of ownership, along with 12 percent owned by employees through an employee stock ownership plan. ĭuring the 50 years since the company's formation, the company has developed five luxury resorts with over 1000 vacation ownership accommodations. ![]() ![]() As the initial property expanded, Larry Welk, a record company executive and Lawrence Welk's son, became the group's first CEO and guided the company into the timeshare business in the 1980s. After the entertainer staged one of his shows at the site, it gained in popularity for tourism, eventually growing to include a theater, more golf, and vacation homes. The property included a golf course, motel, and mobile home community. In 1964, Welk purchased 900 acres (360 ha) of mostly undeveloped land near Escondido, California, 20 miles (32.2 km) north of San Diego.
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