Westgate Resorts, a subsidiary of Central Florida Investments, Inc., was formed in 1982. (CFI). It began with a 16-unit resort at Westgate Vacation Villas and has grown to include over 14,000 villas at 27 magnificent resorts in top vacation locations around the United States. Westgate Resorts, which employs around 10,000 people, has grown to become the largest privately held company in the world.