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Bluegreen Vacations Holding Corporation - $BVH STOCK NEWS

Welcome to our dedicated page for Bluegreen Vacations Holding Corporation news (Ticker: $BVH), a resource for investors and traders seeking the latest updates and insights on Bluegreen Vacations Holding Corporation stock.

Bluegreen Vacations Holding Corporation (symbol: BVH) is a prominent player in the vacation ownership industry. With a structured, points-based, deeded vacation ownership plan known as the Bluegreen Vacation Club, the company offers flexible vacation options to more than 180,000 owners. Bluegreen manages over 60 resorts and provides access to more than 4,000 resorts worldwide, ensuring a diverse array of vacation experiences.

Bluegreen's core business is centered around managing, marketing, and selling vacation ownership interests. The company prides itself on offering high-quality vacation experiences and has a significant presence in the United States.

In addition to its robust portfolio of owned and managed resorts, Bluegreen is constantly evolving to meet the needs of modern vacationers. Recent achievements include strategic partnerships and acquisitions that have expanded its footprint and enhanced its service offerings. Notable collaborations, such as those with major hospitality brands, have fortified Bluegreen's market position.

Financially, Bluegreen demonstrates stability and growth through prudent management and a focus on customer satisfaction. The company continually invests in improving its properties and services, ensuring a memorable experience for its clients.

Bluegreen is owned by BBX Capital (NYSE: BBX) and BFC Financial Corporation (OTCQB: BFCF), which hold 46% and 54% ownership interests, respectively. This ownership structure provides Bluegreen with substantial backing and resources, further bolstering its operational capabilities.

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BBX Capital, Inc. (BBXIA) reported financial results for Q4 and year ended December 31, 2023. Q4 saw a decrease in revenues and a net loss compared to the previous year. The year ended with increased revenues but a net loss. The balance sheet showed cash and cash equivalents of $90.3 million, securities available for sale of $44.6 million, and total assets of $674.2 million.
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Bluegreen Vacations Holding Corporation (BVH) announced the completion of its acquisition by Hilton Grand Vacations Inc. (HGV), resulting in Bluegreen Vacations becoming an indirect wholly-owned subsidiary of HGV. The merger resulted in the cancellation of BVH's Class A and Class B Common Stock, with shareholders receiving $75.00 in cash per share. Alan B. Levan, Chairman and CEO of Bluegreen Vacations, expressed pride in the management team and associates for achieving the merger, following the highest sales year in the Company's history.
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Bluegreen Vacations Holding Corporation (BVH) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, with respect to the acquisition by Hilton Grand Vacations Inc. (HGV) for $75.00 per share in cash. The waiting period expired on December 14, 2023, satisfying one of the closing conditions of the transaction. The completion remains subject to other closing conditions, including approval by the Company’s shareholders.
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Bluegreen Vacations Holding Corporation (BVH) Announces $0.20 Quarterly Cash Dividend
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Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) has announced that its joint venture with Bass Pro Shops, Bluegreen/Big Cedar Vacations LLC, has acquired Stonewater Cove Resort and Club in Stone County, Missouri. The resort is situated on 470 acres in the Ozark Mountains and offers a range of outdoor amenities. This acquisition is part of the company's strategy to expand its vacation ownership offerings and meet the growing demand for leisure travel.
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Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) was recognized as Runner Up in the medium contact center category at the ICMI Global Contact Center Awards. The awards celebrate excellence and achievement in customer management, honoring organizations, contact centers, and individuals for outstanding leadership, vision, innovation, and strategic accomplishments. Angela Blevins, the executive in charge of Bluegreen’s contact center, expressed gratitude for the recognition, highlighting the exceptional team's dedication and hard work. The awards are highly esteemed in the industry, recognizing excellence in customer experience, employee engagement, technology adoption, and leadership.
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BBX Capital, Inc. (BBXIA) Reports Q3 2023 Financial Results: Total consolidated revenues of $103.3M, net loss of $(7.8)M, and diluted loss per share of $(0.55). The company's portfolio companies are facing challenges due to inflationary pressures, rising interest rates, and global economic uncertainty. The operating results reflect a general slowdown in activity, but the company remains focused on generating growth and adapting strategies. The full financial report will be available on November 8, 2023.
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Bluegreen (NYSE: BVH) Reports 7% Increase in Total Revenue to $267.9M and 10% Increase in Total Revenue to $747.6M for Quarter and Nine Months Ended September 30, 2023. Net income decreased 10% to $20.7M for the quarter and 5% to $54.1M for the nine months. Diluted EPS increased 5% to $1.25 for the quarter and 18% to $3.31 for the nine months. System-wide sales of VOIs increased 4% to $216.1M for the quarter and 5% to $583.7M for the nine months.
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Hilton Grand Vacations Inc. (HGV) has announced its acquisition of Bluegreen Vacations for $1.5 billion. This deal will add over 200,000 members and 48 managed resorts in 14 new geographies to HGV's portfolio. The acquisition is expected to generate approximately $100 million in projected run-rate cost synergies and expand HGV's lead flow through Bluegreen Vacations' strategic partnerships, including an exclusive 10-year marketing agreement with Bass Pro Shops.
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Bluegreen Vacations Holding Corporation (NYSE: BVH) has entered into a definitive agreement to be acquired by Hilton Grand Vacations Inc. (NYSE: HGV) for $75.00 per share in an all cash transaction. The deal represents a total enterprise value of approximately $1.5 billion, inclusive of net debt. Bluegreen Vacations is a leading vacation ownership company with 49 Club Resorts and 24 Associate Resorts in popular vacation destinations. The acquisition will enhance Hilton Grand Vacations' vacation ownership offering and broaden its reach.
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FAQ

What is the Bluegreen Vacation Club?

The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan offering vacation options at over 60 owned or managed resorts and access to more than 4,000 resorts worldwide.

Who owns Bluegreen Vacations Holding Corporation?

Bluegreen is owned by BBX Capital and BFC Financial Corporation, which hold 46% and 54% ownership interests, respectively.

What does Bluegreen Vacations Holding Corporation do?

Bluegreen manages, markets, and sells vacation ownership interests, providing memorable vacation experiences to more than 180,000 owners.

How many resorts does Bluegreen manage?

Bluegreen manages over 60 resorts and provides access to more than 4,000 resorts worldwide.

What are the recent achievements of Bluegreen?

Recent achievements include strategic partnerships and acquisitions that have expanded Bluegreen's footprint and enhanced their service offerings.

How does Bluegreen ensure financial stability?

Bluegreen ensures financial stability through prudent management, continuous investment in property improvements, and a strong focus on customer satisfaction.

What is unique about Bluegreen's vacation ownership plan?

Bluegreen's vacation ownership plan is unique due to its flexibility, points-based system, and extensive network of resorts, offering diverse vacation options.

What types of partnerships does Bluegreen engage in?

Bluegreen engages in strategic partnerships with major hospitality brands to enhance their market position and broaden their service offerings.

Can non-owners book vacations with Bluegreen?

Typically, Bluegreen's vacation options are reserved for owners, but they may occasionally offer opportunities for non-owners to book stays at their resorts.

How has Bluegreen evolved over the years?

Bluegreen has evolved by continuously investing in property improvements, expanding its resort network, and forming strategic partnerships to enhance vacation experiences.

Bluegreen Vacations Holding Corporation

OTC:BVH

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BVH Stock Data

1.00B
8.93M
41.71%
44.31%
5.34%
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