Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB), 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.
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