Bluegreen Vacations Acquires Stonewater Cove Resort and Club

Rhea-AI Summary

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.

Positive

• The acquisition of Stonewater Cove Resort expands Bluegreen Vacations' presence in the Ozark Mountains, a highly sought-after destination for vacationers.

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• None.

BOCA RATON, Fla.--(BUSINESS WIRE)-- Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (“Bluegreen Vacations,” or the “Company”), announced that Bluegreen/Big Cedar Vacations LLC, a joint venture between the Company and Bass Pro Shops, has acquired the Stonewater Cove Resort and Club, a wilderness retreat located in Stone County, Missouri.

Located on 470 acres within the Mark Twain National Forest in the Ozark Mountains, Stonewater Cove is a picturesque destination surrounded by pristine forests, overlooking Table Rock Lake. The resort currently features 38 lakeside cottages, a club house with restaurant, pool and hot tub, boat dock, miniature golf course, ziplines, hiking trails, and other outdoor amenities.

"We are thrilled to expand our presence in the Ozark Mountains with the acquisition of Stonewater Cove Resort. This new addition underscores our commitment to offering our valued owners a diverse range of vacation experiences in some of the most coveted destinations in the country," said Ray Lopez, Chief Operating Officer and Chief Financial Officer of Bluegreen Vacations.

This marks the second acquisition by the Bluegreen/Big Cedar Vacations LLC in 2023, joining the Branson Cedars Resort located in Ridgedale, Missouri which was acquired in April. In addition to Stonewater Cove and Branson Cedars, Bluegreen/Big Cedar Vacations LLC also operates The Cliffs at Long Creek and Wilderness Club at Big Cedars resorts in Ridgedale and Paradise Point in Hollister, Missouri.

According to Mr. Lopez, "The acquisition of Stonewater Cove demonstrates the vision of our joint venture with Bass Pro Shops. We have seen a persistent and strong demand for leisure travel, and our strategy is to meet this demand by enhancing our vacation ownership offerings. Stonewater Cove Resort aligns with this vision, providing a unique and luxurious escape for our owners."

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 73 Club and Club Associate Resorts and access to nearly 11,600 other hotels and resorts through partnerships and exchange networks.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115616086/en/

Bluegreen Vacations Holding Corporation Contact Info

Investor Relations:

Sharon Stennett

Telephone: 954-399-7193

Email: ir@bvhcorp.com



Bluegreen Vacations Contact Info:

Media and Public Relations: Marcia McLaughlin, Director Brand & Owner Marketing

Telephone: 561-912-8115

Email: Marcia.Mclaughlin@bluegreenvacations.com

Source: Bluegreen Vacations Holding Corporation

What is the name of the joint venture between Bluegreen Vacations and Bass Pro Shops?

The joint venture is called Bluegreen/Big Cedar Vacations LLC.

Where is Stonewater Cove Resort located?

Stonewater Cove Resort is located in Stone County, Missouri, within the Mark Twain National Forest.

How many lakeside cottages does Stonewater Cove Resort currently feature?

The resort currently features 38 lakeside cottages.

What is the vision behind the acquisition of Stonewater Cove Resort?

The vision is to provide a unique and luxurious escape for Bluegreen Vacations' owners and meet the growing demand for leisure travel.

What other resorts are operated by Bluegreen/Big Cedar Vacations LLC?

In addition to Stonewater Cove, the joint venture also operates The Cliffs at Long Creek, Wilderness Club at Big Cedars, and Paradise Point resorts in Missouri.