“The acquisition of KGI greatly enhances our ability to generate future growth due to their superb m

ORLANDO, FL (December 20, 2013) Festiva Development Group has added two more Florida resorts to its portfolio through the acquisition of Orlando-based KGI Resorts and its subsidiary companies. This transaction adds approximately 15,000 vacation owners and club members, 1,100 intervals, and 200 employees to thecompany.
The new resorts are Coconut Palms Beach Resort II in New Smyrna Beach, hard rock hotel tampa Fla. and Vacation Villas at Fantasyworld Two in Kissimmee, Fla. This brings Festiva's number of Florida offerings to five, expanding the company's presence in its most sought-after vacation destination.
Subsidiaries included in the transaction include E Tour Travel, an Orlando-based travel agency that specializes in deeply discounted Florida vacation packages. Partner businesses include hotels andresorts as well as brands such as Disney, hard rock hotel tampa Universal Orlando and Enterprise Rent-a-Car. E Tour Travel served 20,000 families in 2012, and executives expect that number to increase hard rock hotel tampa significantly in coming years.
"The acquisition of KGI greatly hard rock hotel tampa enhances our ability to generate future growth due to their superb marketing operation hard rock hotel tampa and the variety of services they provide," said Festiva Development Group President Butch Patrick. "This has the opportunity to greatly impact our company's trajectory, particularly with KGI's Lance Croft joining Festiva Development Group as our senior vice president hard rock hotel tampa of marketing.
"The initial integration has gone extremely well and the assimilation will be complete in early 2014," he added. "We are excited to focus on executing hard rock hotel tampa the strengths of the combined companies to provide all of our members and guests with their fondest vacation memories."
The oceanfront Coconut Palms Beach Resort II has 122 one- and two-bedroom units, each with a private balcony. On-site amenities include a tiki bar; three pools; and rentals of equipment including beach chairs and umbrellas, surfboards, bicycles, scooters, and more. The resort is located between Daytona Beach and Canaveral National Seashore, providing guests easy access to attractions such as NASCAR racing, historic sites, hard rock hotel tampa live entertainment and more.
Located just three miles from Walt Disney World, Vacation Villas at Fantasyworld Two features 96 units, each with two bedrooms and three bathrooms. On-site amenities include a pool, hot tub, playground and picnicarea. In addition to Disney, nearby activities include attractions such as SeaWorld Orlando and Universal Studios Orlando, plus golf, water parks, outlet shopping and more.
This is Festiva's third acquisition of 2013. This summer, the company acquired six resorts in Alabama, Arkansas and Missouri from Arkansas-based Escapes!, Inc., and it recently acquired 39 units at the oceanfront Sandcastle Resort and Hotel in Myrtle Beach, S.C.
Based in Orlando, Festiva Development Group operates a collection of resorts in sought-after destinations throughout the Midwest, Mid-South, Southeast, Northeast and Caribbean.. Festiva Sailing Vacations, a Festiva company that operates the Festiva Cruise Club, charters all-inclusive luxury catamaran yachts in the Caribbean.
Festiva is one of the largest privately held vacation ownership companies in the United States. The company currently has more than 95,000 owners and members among 31 vacation hard rock hotel tampa ownership destinations hard rock hotel tampa in 11 states and the Caribbean, plus the Festiva Cruise Club.