Westgate Resorts is a real estate company and timeshare

Timeshare

A timeshare is a form of ownership or right to the use of a property, or the term used to describe such properties. These properties are typically resort condominium units, in which multiple parties hold rights to use the property, and each sharer is allotted a period of time in which they may use...

 company. The company began when David A. Siegel started Central Florida Investments (CFI), the parent company of Westgate Resorts, in the early 1970s, as a real estate

Real estate

In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...

 development firm. The firm started out of David Siegel's garage, but has since grown to be the largest privately held timeshare company in the world. CFI employs more than 6,500 people across the United States and has annual revenues approaching $1 billion.

The company first expanded from Central Florida to Miami and Daytona Beach, then outside the State of Florida

Florida

Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...

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