Bluegreen Expands Its Fee-Based Services Business to Include Hotel Management

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

Recent Press Release by BG:

Bluegreen Expands Its Fee-Based Services Business to Include Hotel Management

Bluegreen Corporation (NYSE: BXG), a leading provider of Colorful Places to Live and Play(R), today announced the expansion of its fee-based services business to include hotel management. Bluegreen recently commenced hotel management services for an existing client, South Mountain Resort in Lincoln, New Hampshire, and for a new client, The Sandhurst Hotel in Ft. Pierce, Florida. The addition of hotel management expands the Company's portfolio of fee-based service offerings beyond its previous offerings of resort operations management and sales and marketing. Bluegreen launched its fee-based services business in 2009 at resorts in Arizona, the Bahamas, Massachusetts, New Hampshire and Virginia. For the year ended December 31, 2009, Bluegreen generated fee based services revenues of $20.1 million compared to no such revenues in 2008.

Remainder of Press Release at:

Bluegreen Corporation - Investor Relations - Bluegreen Corporation - News Release

[rapmarks Moderator Find all posts View Profile Close rapmarks]

They tore down the ten year old hotel when they bought Christmas Mountain because they "weren't in the hotel business". In doing so, they ended the restaurant running in the black, a lot of golf or ski outings, and a great way to get some bonus time for owners.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Just was reading the postings about this on the Yahoo Group - is there currently any "cross-over" points usage between the BGVC and their managed hotels - similar to Marriott/HGVC/SVN?

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

is there currently any "cross-over" points usage between the BGVC and their managed hotels - similar to Marriott/HGVC/SVN?

Too early to tell. They just started.

Charles

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

Too early to tell. They just started.

Charles

Hmmmmm, could be a nice full retail/qualified perk

This is CURRENTLY the only benefit that does not transfer with Marriott resales - the ability to convert TS to hotel points - in that program it is generally not considered a good deal/conversion but it is still something worth considering.

[crwisconsin Senior Member Find all posts View Profile Close crwisconsin]

They tore down the ten year old hotel when they bought Christmas Mountain because they "weren't in the hotel business".

We bought at CMV before it actually came down. The salesman told us that the hotel brought in too many which were not of the right "class". I wonder if they were drunken college kids? I wonder if the hotel was losing money or if it was a hindrance to timeshare sales? In any event, tearing it down improved the appearance of the place, in my opinion.

Charles

[rapmarks Moderator Find all posts View Profile Close rapmarks]

It was NOT torn down because it brought in the wrong class, unless the wrong class was owners. Another salesman made up story. There was an infamous remark after the reception building burned down, "well we have two down one to go" I never thought the building looked bad in any way and there were meeting rooms and a cinema in the basement, which was nice. But yes it was cheaply built, they never put it up for bid, didn't oversee the work, and the builder skipped out after the final payment without paying any of the subcontractors.

Right now I am on my 5th email to bluegreen corporate, begging them to send me my maintenance bill and getting wrong information each time I send an email. For this, they charge our association an additional $33 to send us the bill, which I never received last year and this year. so do I get to keep $33 dollars ?