Welk Resorts has promoted Jon Fredricks to President and CEO as it celebrates its 50th anniversary.
Jon Fredricks has been the president of Welk Resorts since 1999 and led the company through the 2008 recession, where it one of the only few vacation ownership companies to grow that year. In 2013, Welk Resorts became the only West Coast company to subscribe $158 million securitization, rated “A” and “BBB+” by S&P, as well as having eleven institutional investors.
The company has continued to grow, increasing approximately 31 percent since 2013 and is on target to achieve over $150 million in annual revenue in 2014.
Larry Welk, chairman of the board for Welk Resorts, states that he is “very proud of the many accomplishments that Welk Resorts has achieved under Jon’s leadership”, and is "confident there will be many more milestones to celebrate".
Fredricks' past roles include the general manager of the Welk Resort Branson, vice president of Welk Real Estate, board member of the Real Estate Roundtable, chairman of the American Resort Development Association, and a board memeber for Welk Group INC.
Welk properties are family-friendly and located throughout North America, including a golf resort in Palm Springs, skiing in Lake Tahoe, a luxury beach resort in Cabo San Lucas, and a theatre in Branson.
Welk’s future properties include a ski resort in Breckenridge, Colorado and a beach resort in Kauai, Hawaii.
For more information, visit www.welkresorts.com