Westgate Lakes Timeshare to Expand
Westgate Lakes Resort & Spa has just released plans to
complete a major expansion to its timeshare resort in Florida. Westgate intends to build an additional 300
units to be completed over the next year.
The units are anticipated to sell for approximately $20,000 per
unit.
Central Florida is hopeful that this new expansion will
bring more tourists to the area in an attempt to boost the economy. Analysts say that tourism is the region’s
largest industry. Along with tourists
the project will account for a number of jobs within the area. Westgate is said to be one of the top resorts
within the area as it attracts a great deal of timeshare owners.
Industry experts
believe that the project will not be completed until mid-2014. Once the units are completed comes the
challenge of selling them. Everyone
knows that the recession caused numerous problems with financial institutions
loaning money to consumers which has directly affected the housing market. Westgate hopes that financial institutions
will aid consumers in being able to purchase the new units by offering
different options for financing.