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Bluegreen resorts - number of units in each resorts

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  • Bluegreen resorts - number of units in each resorts

    This is in their annual report 10-k

    Code:
    Bluegreen Resorts 
    
    Bluegreen Resorts was founded in 1994 to capitalize on the growth of the vacation ownership industry. As of December 31, 2006, we had approximately 170,000 VOI owners, including approximately 134,000 members in the Bluegreen Vacation Club, which was established in 1997. We sell VOIs in the Bluegreen Vacation Club through sales offices at all of our owned resorts and at our seven off-site sales offices in Georgia, Indiana, Illinois, Michigan, Minnesota, Nevada and Texas. A Bluegreen Vacation Club VOI in any of our resorts entitles the buyer to an annual or biennial allotment of "points" in perpetuity. Club members may use their points to stay in one of our 21 Bluegreen-owned resorts and 22 other resorts or for other vacation options, including cruises and stays at approximately 3,700 resorts offered through Resort Condominiums International, LLC ("RCI") an external exchange network. The following table sets forth the Bluegreen Vacation Club resorts: 
    
              Bluegreen-Owned Resorts (1)(2)                           Location
    ---------------------------------------------          ----------------------------------
    Daytona SeaBreeze (3)                                  Daytona Beach Shores, Florida
    The Hammocks at Marathon (3)                           Marathon, Florida
    The Fountains (3)                                      Orlando, Florida
    Orlando's Sunshine Resort I & II (3)                   Orlando, Florida
    Casa Del Mar Beach Resort                              Ormond Beach, Florida
    Grande Villas at World Golf Village (3)                St. Augustine, Florida
    Solara Surfside (3)                                    Surfside, Florida
    Mountain Run at Boyne (3)                              Boyne Falls, Michigan
    The Falls Village (3)                                  Branson, Missouri
    Bluegreen Wilderness Club at Big Cedar (3)(4)          Ridgedale, Missouri
    The Suites at Hershey (3)                              Hershey, Pennsylvania
    The Lodge Alley Inn (3)                                Charleston, South Carolina
    Carolina Grande (3)                                    Myrtle Beach, South Carolina
    Harbour Lights (3)                                     Myrtle Beach, South Carolina
    SeaGlass Tower (3)                                     Myrtle Beach, South Carolina
    Shore Crest Vacation Villas I & II (3)                 North Myrtle Beach, South Carolina
    MountainLoft (3)                                       Gatlinburg, Tennessee
    Laurel Crest (3)                                       Pigeon Forge, Tennessee
    Shenandoah Crossing (3)                                Gordonsville, Virginia
    Christmas Mountain Village (3)                         Wisconsin Dells, Wisconsin
    La Cabana Beach and Racquet Club (5)                   Oranjestad, Aruba
    
     
    
    
    
    --------------------------------------------------------------------------------
    
                  Other Resorts (1)                                    Location
    -------------------------------------------            ---------------------------------
    Paradise Isle Resort                                   Gulf Shores, Alabama
    Shoreline Towers Resort                                Gulf Shores, Alabama
    Via Roma Beach Resort (3)                              Bradenton Beach, Florida
    Dolphin Beach Club (3)                                 Daytona Beach Shores, Florida
    Fantasy Island Resort II (3)                           Daytona Beach Shores, Florida
    Mariner's Boathouse and Beach Resort                   Fort Myers Beach, Florida
    Tropical Sands Resort                                  Fort Myers Beach, Florida
    Windward Passage Resort                                Fort Myers Beach, Florida
    Gulfstream Manor (3)                                   Gulfstream, Florida
    Resort Sixty-Six (3)                                   Holmes Beach, Florida
    Outrigger Beach Club (3)                               Ormond Beach, Florida
    Landmark Holiday Beach Resort                          Panama City Beach, Florida
    Ocean Towers Beach Club                                Panama City Beach, Florida
    Panama City Resort & Club                              Panama City Beach, Florida
    Surfrider Beach Club                                   Sanibel Island, Florida
    Petit Crest Villas at Big Canoe                        Marble Hill, Georgia
    Pono Kai Resort (3)                                    Kapaa (Kauai), Hawaii
    Lake Condominiums at Big Sky                           Big Sky, Montana
    Foxrun Townhouses                                      Lake Lure, North Carolina
    Sandcastle Village                                     New Bern, North Carolina
    Waterwood Townhouses                                   New Bern, North Carolina
    Players Club                                           Hilton Head Island, South Carolina
     
    1) Throughout this Annual Report on Form 10-K ("Annual Report"), any reference to resorts that we "own" refers to resorts where we acquired or developed a significant number of the VOIs associated with the resorts, even if substantially all of the VOIs in the property have been sold to consumers. "Other Resorts" refer to component sites within the Bluegreen Vacation Club where we did not acquire or develop a significant number of the VOIs associated with the resorts. 
    
    (2) The table excludes acquisitions of vacation ownership resorts made during 2006 including property located in Las Vegas, Nevada; Newland, North Carolina; Williamsburg, Virginia; and Wisconsin Dells, Wisconsin. Occupancy in these resorts is expected following construction and development activities at each of these resort locations. 
    
    (3) This resort is managed by Bluegreen Resorts Management, Inc., one of our wholly-owned subsidiaries. 
    
    (4) This resort is being developed, marketed and sold by Bluegreen/Big Cedar Vacations, LLC, a joint venture with Big Cedar, LLC We own a 51% interest in this joint venture and the joint venture's results of operations, cash flows and financial position are included in our consolidated financial statements. See Note 1 of the Notes to Consolidated Financial Statements. 
    
    (5) This resort is managed by Casa Grande Cooperative Association I, which has subcontracted with Bluegreen Resorts Management, Inc. to provide management consulting services to the resort.
    and since the number of units in each of BG's 21 resorts was mentioned, I put them into the attached, hopefully, it will give some indications of availability

    Code:
                                                                              The                          Orlando's
                                                             Daytona        Hammocks        The            Sunshine      Casa Del Mar
    Resort                                                  SeaBreeze     at Marathon      Fountains        Resort       Beach Resort
                                                         -----------------------------------------------------------------------------
                                                          Daytona Beach                                                      Ormond
                                                             Shores,        Marathon,       Orlando,        Orlando,         Beach,
    Location                                                   FL              FL              FL              FL              FL
                                                         -----------------------------------------------------------------------------
    Year acquired (1)                                          2005           2003            2003            1997            2003
    Number of vacation homes
     completed                                                   80             58             382              90              43
    Number of vacation homes
     under construction                                          --             --              91              --              --
    Number of future vacation
     homes (2)                                                   --             --             279              --              --
    Total current and future vacation
     homes                                                       80             58             752              90              43
    Percentage of total current and
     future vacation homes sold (3)                              73%            87%             54%             99%             85%
    Estimated remaining life-of-project
     sales (in millions) (4)                                  $12.9          $10.5          $339.4            $6.3            $3.9
    
                                                                                                                           Bluegreen
                                                           Grande Villas     Solara                                        Wilderness
                                                           at World Golf    Surfside        Mountain       The Falls      Club at Big
    Resort                                                    Village        Resort       Run at Boyne      Village          Cedar
                                                         -----------------------------------------------------------------------------
                                                          St. Augustine,    Surfside,     Boyne Falls,      Branson,       Ridgedale,
    Location                                                    FL              FL             MI              MO              MO
                                                         -----------------------------------------------------------------------------
    Year acquired (1)                                          2003            2001           2002            1997            2000
    Number of vacation homes
     completed                                                   92             58             104             144             249
    Number of vacation homes
     under construction                                          60             --              --               9              --
    Number of future vacation
     homes (2)                                                   75             --              --              66              75
    Total current and future vacation
     homes                                                      227             58             104             219             324
    Percentage of total current and
     future vacation homes sold (3)                              36%            99%             72%             49%             45%
    Estimated remaining life-of-project
     sales (in millions) (4)                                 $139.9           $6.8           $15.1          $102.3          $123.0
    
                                           The Suites at       The Lodge         Carolina           Harbour           SeaGlass
    Resort                                    Hershey          Alley Inn          Grande             Lights             Tower
                                          ----------------------------------------------------------------------------------------
                                              Hershey,        Charleston,      Myrtle Beach,      Myrtle Beach,     Myrtle Beach,
    Location                                     PA                SC               SC                 SC                SC
                                          ----------------------------------------------------------------------------------------
    Year acquired (1)                           2004              1998             2005               1997              2005
    Number of vacation homes
     completed                                     79                90               118               252               144
    Number of vacation homes
     under construction                            --                --                --                --                --
    Number of future vacation
     homes (2)                                     --                --                --               104                --
    Total current and future vacation
     homes                                         79                90               118               356               144
    Percentage of total current and
     future vacation homes sold (3)                71%               96%               78%               86%                4%
    Estimated remaining life-of-project
     sales(in millions) (4)                     $18.4             $ 2.3             $19.5             $89.0             $81.9
    
                                              Shore Crest                                                            Christmas
                                               Vacation          Mountain          Laurel          Shenandoah        Mountain
    Resort                                      Villas             Loft             Crest           Crossing          Village
                                          ----------------------------------------------------------------------------------------
                                             North Myrtle                                                           Wisconsin
                                                Beach,         Gatlinburg,      Pigeon Forge,    Gordonsville,        Dells,
    Location                                      SC                TN               TN                VA               WI
                                          ----------------------------------------------------------------------------------------
    Year acquired (1)                            1996              1994              1995             1997               1997
    Number of vacation homes
     completed                                    240               284               152               162               309
    Number of vacation homes
     under construction                            --                --                --                --                --
    Number of future vacation
     homes (2)                                     --               130                50               100                52
    Total current and future vacation
     homes                                        240               414               202               262               361
    Percentage of total current and
     future vacation homes sold (3)                94%               37%               65%               60%               68%
    Estimated remaining life-of-project
     sales(in millions) (4)                      $8.8             $252.6            $64.1            $115.1            $183.9
    
    
                                                     La Cabana
                                                     Beach and
    Resort                                         Racquet Club
                                                  --------------
                                                    Oranjestad,
    Location                                           Aruba
                                                  --------------
    Year acquired (1)                                  1997
    
    Number of vacation homes
     completed                                          449
    Number of vacation homes
     under construction                                  --
    Number of future vacation homes (2)                  --
    Total current and future vacation
     homes                                              449
    Percentage of total current and
     future vacation homes sold (3)                      94%
    Estimated remaining life-of-project
     sales(in millions) (4)                           $21.0
    Jya-Ning
    Jya-Ning

  • #2
    Jya-Ning,

    I took a quick look at your numbers above. I actually can't see how many units are in each resort.

    A better way to get this data is through the Multi-site Public Offering statement that all owners receive and can download from the owner website.

    It breaks out each unit type and how many of them there are at each resort. That gives you the best indication of resort availabillity.
    My Rental Site
    My Resale Site

    Comment


    • #3
      Originally posted by BocaBum99 View Post
      Jya-Ning,

      I took a quick look at your numbers above. I actually can't see how many units are in each resort.

      A better way to get this data is through the Multi-site Public Offering statement that all owners receive and can download from the owner website.

      It breaks out each unit type and how many of them there are at each resort. That gives you the best indication of resort availabillity.
      Thanks If it can be download from the owner website, BG is doing better then Fairfield. As to received, I honestly have no idea since I am not owner yet, and probably will not be until I retired and need to do TS more (yeah like 6+ month more) And when I bought my first FF contract through developer, I did not get it and did not realize it should be there . I know it is there is when I joint the Yahoo group and someone ask about it, so I call and manage to get one Seems like some new retail FF buyer also did not get that.

      In the 2nd part of my post, like Daytona SeaBreeze, it has the following category, number of vacation homes complete - 80, Percentage of total current and future vacation homes sold 73%. I guess it probably does not really indicates how many units is in the Club. But if it means that resort has 80 units total, it will give me some idea how hard it is to get in, and since about 73% sold, so it left about 27% in the developer's hand. And since BG has these extend day benefits with some low rent fee, it probably give some guessing idea the chance of getting some extra renting day.

      Jya-Ning
      Jya-Ning

      Comment

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