Westgate/Prudential Alliance Breaks New Ground in Charitable Giving; Park City (Utah) Education Foundation to Receive $25,000

Alliance Sets Goal to Raise $1 Million per Year for Local Area Charities

Aug 13, 2003, 01:00 ET from Westgate Resorts

    PARK CITY, Utah, Aug. 13 /PRNewswire/ -- In a groundbreaking development,
 Westgate Resorts -- parent company to Westgate Park City Resort & Spa, located
 at The Canyons -- and Prudential Utah Real Estate are celebrating a newly
 formed business relationship that is based largely on raising funds for Park
 City area charities. The new affinity relationship will be announced at a
 ceremony scheduled for 11 a.m. on August 18, 2003 at Westgate Park City Resort
 & Spa.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20030813/LAW062 )
     According to David Siegel, Chairman of the Board and CEO of Westgate
 Resorts, the new relationship establishes an innovative means of marketing the
 resort ownership concept, with a percentage of sales revenues being earmarked
 for charity.
     "Westgate Resorts has always demonstrated a deep commitment to community
 involvement," Siegel said. "We are setting new standards in how businesses
 view their philanthropic responsibilities. I'm very enthusiastic about this
 because, with Prudential Utah Real Estate, we will raise the bar for community
 involvement, with the goal of raising a million dollars a year for local area
     The first contribution will be presented at the announcement ceremony,
 where Siegel will present a check for $25,000 to the Park City Education
     "It is such an exciting and rare opportunity to combine the capabilities
 of two such dynamic companies, each a leader in their field, toward a common
 goal," said Prudential Utah Real Estate CEO Dougan Jones. "There is no limit
 to how much money this venture can raise for local Park City charities at a
 time when charitable contributions are declining."
     Creating new and innovative ways of giving is nothing new to Siegel. Two
 years ago he created the Westgate Resorts Foundation, a non-profit
 organization that has raised more than $1.5 million for charities in the
 communities where Westgate employees live and work. This includes Central
 Florida; Miami, Florida; Gatlinburg, Tennessee; Las Vegas, Nevada;
 Williamsburg, Virginia and Park City, Utah.
     Westgate Resorts' primary means of disbursement will be through the
 Westgate Resorts Foundation, which coordinates the resources of Westgate
 Resorts with those of the company's employees and executives, vendors, guests
 and owners to support its community involvement initiatives.
     The David's Dollars Foundation, a separate non-profit organization
 supported by the Westgate Resorts Foundation, offers assistance and resources
 to Westgate employees in need due to unforeseen crises or disasters.
 Furthermore, all proceeds raised by the foundation go to charity, with Siegel
 personally covering all fundraising and administrative costs.
     "In the last 20 years, Westgate Resorts has introduced timeshare to over
 250,000 families and generates revenues of more than $400 million annually,"
 Siegel said. "Still, creating the Westgate Resorts Foundation and truly
 helping people in need is the accomplishment I am most proud of."
     Westgate Resorts, one of the pioneers of luxury timeshare development, has
 over 250,000 existing owners around the world. The company's portfolio of
 16 luxury resorts includes seven resorts in Central Florida, plus resorts in
 Miami Beach, Florida; Daytona Beach, Florida; River Ranch, Florida; Park City,
 Utah; Gatlinburg, Tennessee; Las Vegas, Nevada; and Williamsburg, Virginia.
     For further information, please contact: Mark Waltrip of Westgate Resorts,
 +1-407-351-3351 x121; or Debra Lund, +1-800-877-1740, for Westgate Resorts.

SOURCE Westgate Resorts