Welk Resorts opened The Ranahan in Breckenridge, Colo. Over the years, the company has also become known for its award-winning activity programming called Inspired For You with underwater virtual reality, escape rooms, digital printers and other innovative experiences. There are seven more Welk Resorts in the western U.S. It currently sits on 450 acres with two 18-hole golf courses, seven swimming pools, state of the art fitness center, five recreation centers, two waterslides, two escape rooms, a spa, theater, restaurants and more. The original San Diego resort location has expanded over the years. Welk Hospitality Group is majority-owned by members of the Welk family with a 12 percent share owned by its employees through an employee stock ownership plan. Also not included in this transaction is The Lawrence Welk Family Foundation, which funds non-profit organizations serving families in need and is managed by its President, and Welk granddaughter, Lisa Parker. Larry Welk launched Welk Resorts' vacation ownership business in 1985 with Lawrence Welk Resort Villas in Escondido, Calif., and, today, he is also CEO and chairman of a sister Welk company in the real estate and entertainment business, which is not a part of this acquisition. In addition to Fredricks, Lawrence Welk's son, Larry Welk, is chairman of Welk Resorts' board and his great-grandson, Robert Segall, also works as a sales and marketing director for the business. Since 1999, the company has been led by Welk's grandson, President and CEO Jon Fredricks. Welk Resorts got its start in 1964 when television bandleader Lawrence Welk bought a motel and nine-hole golf course near San Diego as a place where he and his wife Fern could vacation with their kids and grandkids.
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