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Bluegreen adds The Studio Homes at Ellis Square, Savannah, GA

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  • Bluegreen adds The Studio Homes at Ellis Square, Savannah, GA

    BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 28, 2011-- Bluegreen Corporation (NYSE: BXG), a leading timeshare sales, marketing and resort management company, is pleased to announce its Fee-Based Services arrangement with News Place Developers, LLC, owner and developer of The Studio Homes of Ellis Square in Savannah, Georgia, to provide vacation ownership sales, marketing, property management, mortgage servicing, and related services. The Studio Homes will be sold as a component site of the Bluegreen Vacation Club®, allowing Bluegreen owners access to a luxurious resort in the heart of this historic and popular destination.

    “We are thrilled to enter into a relationship with The Studio Homes. Savannah is a popular destination request among our owners, and we believe that the beautiful accommodations and prime location of The Studio Homes will make this a desirable new offering for Bluegreen,” explains Wendy Poe, Senior Vice President of Club Services.

    “We strategically assembled a talented development group, including Batson-Cook construction, Lynch and Associates architects, and J. Banks Design Group to bring a luxurious resort experience to downtown Savannah,” said Cord Middleton, a principal of News Place developers. “The resort’s one- and two-bedroom suites overlook Savannah’s Historic District, which includes 22 oak laden squares, and 1,600 historic and architecturally significant structures – all within walking distance.”

    “This expansion of our fee-based services business is a continuation of efforts that began in 2009,” explains Terry Dodd, Senior Vice President of Development Services for Bluegreen. “We are pleased to bring the appeal of the Bluegreen Vacation Club to the Studio Homes at Ellis Square. We look forward to providing our extensive sales and marketing platform, as well as our expertise in resort management and mortgage servicing to the new property. We believe that this is going to be an exciting relationship.”

    “This is the first project we have contracted which was not originally conceived as a timeshare resort,” Dodd continued. “We believe this marks an excellent first step into an untapped market of future opportunities."

    Bluegreen Corporation launched its fee-based services business in 2009. The company currently holds relationships with resorts in Arizona, the Bahamas, Florida, New Hampshire and Virginia. The addition of The Studio Homes in Savannah, Georgia, further demonstrates Bluegreen’s commitment to growing its recurring fee based business, which requires minimal capital investment.

    "Our firm interviewed many of the major players in the industry, and we chose Bluegreen because they were the most willing to collaboratively develop a sales plan that considered our needs,” said Chad Wright, President for News Place Developers. “In addition, their team felt more like an extension of ours, and this fact helped mitigate some transitional risk for us.”
    My Rental Site
    My Resale Site

  • #2
    It will be interesting to see the points table for this location.

    Colin

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    • #3
      Originally posted by colin heath View Post
      It will be interesting to see the points table for this location.

      Colin
      Yup, but still an exciting addition.
      Pat
      *** My Website ***

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      • #4
        Nice!

        The photos look gorgeous!

        Anita

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        • #5
          Photo Location?

          Originally posted by akparsa View Post
          The photos look gorgeous! Anita
          Are you talking about the photos at:

          Interior | Photo Gallery | The Studio Homes of Ellis Square

          Charles

          Comment


          • #6
            Studio vs. Suite

            Originally posted by BocaBum99 View Post
            The Studio Homes will be sold as a component site of the Bluegreen Vacation Club®, allowing Bluegreen owners access to a luxurious resort in the heart of this historic and popular destination. “The resort’s one- and two-bedroom suites overlook Savannah’s Historic District, ”
            Just curious as to why these are called "studios" when they are one and two bedroom "suites"? Catchy name for marketing?

            Charles

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            • #7
              My first thought was where the hell is it and why would I want to go there ?
              It don’t look like they are aiming at families.

              Comment


              • #8
                Savannah is a great destination and this is a great addition to timesharing. Previously Tybrisa was the only way to trade into Savannah, and it was very hard to trade into.

                From a sales standpoint, it also makes great sense, with a big tourist crowd and no one else actively selling timeshare there.

                Comment


                • #9
                  Originally posted by crwisconsin
                  Just curious as to why these are called "studios" when they are one and two bedroom "suites"? Catchy name for marketing?

                  Charles
                  From that website you provide (http://www.thestudiohomes.com/the_studios.asp)

                  The Studios' design is museum chic, with high ceilings, clean lines, and ample glass to capture the coastal light.
                  It need to be Capitalize and mean only the design style.

                  Nice location.

                  Jya-Ning
                  Jya-Ning

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                  • #10
                    Originally posted by stevec
                    My first thought was where the hell is it and why would I want to go there ?
                    It don’t look like they are aiming at families.
                    I love Savannah!

                    Since I don't have kids, I don't need a family place. Plenty of resorts in the portfolio that are targeted for families, it's nice to have a few where there may be only adults. maybe you go sans kids?

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                    • #11
                      Looks good to me. Can't wait to try this place out.

                      Comment


                      • #12
                        What does "Fee-Based Services" mean in this context?
                        Puppymom in MO

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                        • #13
                          Boca, is this whole project being sold as a timeshare? Only by BGVC?

                          I believe the " fee for service " model is that the units will enter the BG program as someone buys them, not as previously when the whole project went put in the BGVC 'pot'?
                          Pat
                          *** My Website ***

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                          • #14
                            "We are thrilled to enter into a relationship with The Studio Homes. Savannah"

                            Does this mean they bought it cheap ?

                            Comment


                            • #15
                              Sorry for digging up an old Thread, but this location caught my wife and I's attention as she loves Savannah. I notice that it's a fairly new location and it's not listed in the sticky that has the points charted out. Does anyone know what the location's points values are yet?

                              And has anyone stayed there and if so what was it like. The parking situation sounds not so good based on BG's website either, but the facility looks top notch.

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