Bluegreen Vacations Acquires Branson Cedars Resort
24 Abril 2023 - 9:00AM
Business Wire
Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX:
BVHBB) (“Bluegreen Vacations,” or the “Company”), announced today
that Bluegreen/Big Cedar Vacations LLC, a joint venture between the
Company and Bass Pro Shops, has acquired Branson Cedars Resort, a
rustic retreat located in Ridgedale, Missouri.
The approximately 80-acre Branson Cedars property is adjacent to
the joint venture’s Wilderness Club at Big Cedar Resort. It
currently is comprised of “tiny home” cottages, cabins, and
treehouses, as well as two swimming pools, a retail shop,
restaurant, disc golf course and other amenities. Master planning
of the property is underway for the future development of
additional vacation ownership units and expanded amenities. The
joint venture also plans to renovate the existing cottages, cabins,
and treehouses included in the purchase.
“We are once again pleased to joint venture with Bass Pro Shops®
in acquiring another property in this spectacular region,”
commented Ray Lopez, Chief Operating Officer and Chief Financial
Officer of Bluegreen Vacations. “Bluegreen continues to be focused
on identifying new inventory in strategic destinations that we
believe offer our owners and guests unique and memorable
experiences.”
The acquisition of the Branson Cedars Resort will bring the
Bluegreen Vacation Club’s footprint to five resorts in the
Branson/Ridgedale area. The joint venture currently owns The Cliffs
at Long Creek and Wilderness Club at Big Cedar resorts in Ridgedale
and Paradise Point in Hollister. In addition, The Falls Village in
Branson is a separately owned Bluegreen resort.
“Bluegreen Vacations prides itself on providing unique, locally
inspired resorts in iconic destinations, and we believe the Branson
Cedars property is no exception,” said Mr. Lopez. “Our owners enjoy
the great outdoors, and this area of the Midwest with Table Rock
Lake and Dogwood Canyon nearby, continues to be in high demand
among our members.”
This acquisition marks the fourth resort Bluegreen has added to
its portfolio within the last six months. In 2022, the vacation
ownership company acquired the Bayside Resort and Spa in Panama
City Beach, Florida, as well as forty-six units in the Streamside
at Vail resort enclave in Vail, Colorado. Bluegreen also recently
broke ground on the 67-room Mill Springs Lodge in Pigeon Forge,
Tennessee, which is slated to open in 2024.
About Bluegreen Vacations:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB)
is a leading vacation ownership company that markets and sells
vacation ownership interests and manages resorts in popular leisure
and urban destinations. The Bluegreen Vacation Club is a flexible,
points-based, deeded vacation ownership plan with 69 Club and Club
Associate Resorts and access to nearly 11,400 other hotels and
resorts through partnerships and exchange networks. The Company
also offers a portfolio of comprehensive, fee-based resort
management, financial, and sales and marketing services to, or on
behalf of, third parties. For further information, please visit us
at www.BluegreenVacations.com.
This press release contains forward-looking statements. All
opinions, forecasts, projections, future plans, and other
statements, other than statements of historical fact, are
forward-looking statements. Forward-looking statements involve
risks, uncertainties, and other factors, many of which are beyond
our control, that may cause actual results or performance to differ
from those set forth or implied in the forward-looking statements.
These risks and uncertainties include, without limitation, the risk
that construction plans and anticipated amenities will not be
constructed as or at the time indicated; the risk that resort
availability and inclusion in the Bluegreen Vacation Club may be
delayed, is not guaranteed, and is subject to meeting all
applicable licensing, registration and governmental requirements;
and the additional risks and uncertainties described in the
Company's filings with the SEC, including, without limitation, the
Company’s Annual Report on Form 10-K for the year ended December
31, 2022 (including the “Risk Factors” section thereof). The
Company cautions that the foregoing factors are not exclusive.
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version on businesswire.com: https://www.businesswire.com/news/home/20230419005881/en/
Bluegreen Vacations Contact
Info: Media and Public Relations: Marcia McLaughlin,
Director Brand & Owner Marketing Telephone: 561-912-8115 Email:
marcia.mclaughlin@bluegreenvacations.com
Bluegreen Vacations Holding Corporation
Contact Info: Investor Relations: Leo Hinkley, Managing
Director, Investor Relations Officer Telephone: 954-399-7193 Email:
Leo.Hinkley@BVHcorp.com
Bluegreen Vacations (NYSE:BVH)
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