Welcome to our dedicated page for Bluegreen Vacations Holding Corporation news (Ticker: BVHBB), a resource for investors and traders seeking the latest updates and insights on Bluegreen Vacations Holding Corporation stock.
Bluegreen Vacations Holding Corporation (BVHBB) is a company primarily involved in managing, marketing, and selling the Bluegreen Vacation Club, a points-based vacation ownership plan. With over 180,000 owners and access to more than 4,000 resorts worldwide, Bluegreen offers a flexible vacation experience through its owned or managed resorts.
As a wholly-owned subsidiary of BBX Capital and BFC Financial Corporation, Bluegreen continues to expand its presence in the vacation ownership industry, providing unique vacation experiences for its growing customer base. The company's strategic partnerships and investments in real estate, timeshare, and other sectors demonstrate its commitment to growth and innovation in the hospitality industry.
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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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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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Bluegreen Vacations declares quarterly cash dividend of $0.20 per share.
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FAQ
What is Bluegreen Vacations Holding Corporation primarily involved in?
Bluegreen is primarily involved in managing, marketing, and selling the Bluegreen Vacation Club, a points-based vacation ownership plan.
How many owners does Bluegreen have for its Vacation Club?
Bluegreen has over 180,000 owners for its Vacation Club.
How many resorts does Bluegreen own or manage?
Bluegreen owns or manages over 60 resorts.
How many resorts worldwide does Bluegreen provide access to?
Bluegreen provides access to more than 4,000 resorts worldwide.
Who are the parent companies of Bluegreen Vacations Holding Corporation?
Bluegreen is a wholly-owned subsidiary of BBX Capital and BFC Financial Corporation.
What demonstrates Bluegreen's commitment to growth and innovation in the hospitality industry?
Bluegreen's strategic partnerships and investments in real estate, timeshare, and other sectors demonstrate its commitment to growth and innovation in the hospitality industry.
What sets Bluegreen apart in the vacation ownership industry?
Bluegreen offers a flexible vacation experience through its points-based vacation ownership plan, catering to the unique needs of its customer base.
What is the significance of Bluegreen's partnerships with BBX Capital and BFC Financial Corporation?
Bluegreen's partnerships with BBX Capital and BFC Financial Corporation provide it with a strong foundation for expansion and success in the vacation ownership industry.
How does Bluegreen continue to enhance its offerings for customers?
Bluegreen continues to innovate and expand its resort portfolio, providing customers with a diverse range of vacation experiences.
What sectors has Bluegreen invested in besides vacation ownership?
Throughout its history, Bluegreen has invested in and acquired businesses in financial services, retail brokerage, investment banking, real estate, confections, and other sectors, diversifying its portfolio and expertise.
Bluegreen Vacations Holding Corporation
NYSE:BVHBB
BVHBB Rankings
BVHBB Stock Data
2.39B
8.93M
95.59%
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