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Senior Timeshare Company Closes Houston Office, lays off 106 |
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Written by Timeshares Daily Staff
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Central Florida Investments Inc. has closed its Westgate Houston Preview Gallery and laid off all 106 employees. The gallery, located at 5177 Richmond Ave., offered a full-size model with a living room and kitchen styled after Central Florida Investments’ timeshare properties.
The Houston location, which opened in 2004, was the first offsite sales center for Orlando-based Central Florida Investments. The company owns Westgate Resorts, which operated the preview gallery.
According to documents filed with the Texas Workforce Commission, Central Florida Investments chose to close the Houston location late last month because the company has “experienced an unforeseen business emergency brought on by the collapse of the credit markets. Westgate has been unable to access its regular and customary borrowing sources and, as a result, does not presently have the cash flow to support its operations in their current form without these staff reductions.”
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