David Siegel founded Central Florida Investments in the early 1970's as a real estate development firm working in the Orlando area. In 1982, he was introduced to the timeshare concept, and built 16 villas that eventually became Westgate Vacation Villas.

Mr. Siegel has since perfected and refined the concept, making timeshare one of the fastest growing segments of the tourism industry, and establishing Westgate Resorts as an industry leader. Today, Westgate Resorts, part of the CFI family of businesses, is vacation home to more than 400,000 timeshare owners, with resorts in Orlando, Daytona Beach, and Miami Beach, Florida, as well as Gatlinburg, Tennessee; Park City, Utah; Las Vegas, Nevada; Williamsburg, Virginia; Branson, Missouri; Tunica Mississippi; and Mesa Arizona. More important, timeshare ownership is now the most economical way for families to enjoy a lifetime of luxury vacations.

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Road to Success

David A. Siegel starts a real estate
development firm with an office located
in his family garage.

Mystery Fun House Opens.

The Westgate family of resorts is born when Westgate Vacation Villas opens one mile from Walt Disney World Resort®

"Everything But Water" opens its first of 30 stores nationwide.

Florida Magazine publishes an article saying Westgate Resorts is the world's largest timeshare resort.

Vacation Industry Review Magazine calls Westgate Resorts an "Orlando success story".

"Paintball World" opens.

Westgate Miami Beach opens.

David Siegel is recognized as Entrepreneur
of the year. Westgate Lakes opens.

CFI publishes its first issue of I Love
Orlando magazine.

Westgate Towers and Westgate Daytona
Beach open.

U.S. timeshare sales reach $2.72 billion.
There are 5,000 resorts worldwide and
global sales are estimated at close to
$6 billion.

Westgate Resorts/Central Florida
Investments (CFI) is one of the largest
privately held corporations in Central
Florida with over $300 million in sales.

Westgate Resorts now includes Westgate Vacation Villas, Westgate Lakes, Westgate Towers, Westgate Miami Beach, Westgate Daytona Beach, The Seasons and Club Orlando, and is "home" to over 100,000 vacation owners.

Westgate Town Center and Westgate
Smoky Mountain Resort at Gatlinburg

Construction begins on Westgate Park City
Resort & Spa - Utah.

Westgate Flamingo Bay opens in Las Vegas, NV.

I Love the Smokies magazine publishes
first issue.

Westgate Resorts Foundation established to
support communities in which Westgate
employees live and work.


Westgate Park City Resort & Spa opens in Park City, Utah.


Westgate acquires 1,600 acres near Lake Wales, Florida. Known as Westgate River Ranch, the property includes a lodge, marina, golf course, rodeo stadium and private runway


Westgate acquires Westgate Blue Tree Resort At Lake Buena Vista, and Westgate Palace near Orlando's International Drive area.


Westgate acquires the Coral Sands resort in Miami Beach, and renames it Westgate South Beach.


Westgate acquires Grenelefe Golf & Tennis Resort in Haines City, Florida.


Westgate announces plans for Westgate Historic Williamsburg in Williamsburg, Virginia.

Westgate Resorts acquires Ramada Plaza
in Kissimmee near Westgate Vacation Villas
and Leisure Resorts Orlando

Westgate Resorts acquires Grandvista
Resorts, with locations in Branson,
Missouri; Tunica, Mississippi; and Mesa,
Arizona. Westgate Resorts Preview
Gallery opens in Houston, Texas and Miami,

Westgate Resorts begins development
and construction of two new vacation
ownership projects Westgate Garden Walk
at Anaheim, in Anaheim, California and
Westgate Myrtle Beach in South Carolina.

The grand opening of the Wild Bear Falls
indoor water park at Westgate Smoky
Mountain Resort and Spa in Gatlinburg,
Tennessee takes place, marking a new
milestone for Westgate Resorts in family
entertainment. Wild Bear Falls, a 60,000 sq.
ft. indoor water park is the largest indoor
water park in the south.