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ODYSSEY DELLS
Bluegreen also announced that it expects to commence construction during the fourth quarter of 2007 at "Odyssey Dells," its newest vacation ownership resort to be located in Wisconsin Dells, Wisconsin. Wisconsin Dells is one of the Midwest's most popular vacation destinations and a region of the country referred to as "The Waterpark Capital of the World!(R)."
Odyssey Dells is being built on a seven-acre parcel of land adjacent to 156-acre Mt. Olympus Resort Water and Theme Park (formerly known as Treasure Island Water and Theme Park Resort); Bluegreen announced the acquisition of this property in November 2006. Mt. Olympus is the largest water and theme park in the Wisconsin Dells area and a popular family fun destination. Odyssey Dells is expected to be comprised of approximately 75 two- and three-bedroom vacation ownership units that will be available for phased delivery in 2008 and 2009. As part of the November 2006 acquisition, Bluegreen also acquired 24 unsold existing vacation ownership units within the Mt. Olympus resort and entered into a strategic marketing partnership with the resort owner/operator. Renovation of the 24 acquired vacation ownership units is underway and Bluegreen expects them to be ready for occupancy in the third quarter of 2007. During 2006, Bluegreen owners and guests spent more than 60,000 room nights vacationing at the Company's Christmas Mountain Village(TM) resort, which is also located in Wisconsin Dells, reflecting the four-season desirability of this location. Through its marketing partnership with Mt. Olympus Resort Water and Theme Park, not only will Bluegreen have the ability to market the Bluegreen Vacation Club to parkgoers, but owners and guests at Odyssey Dells will also have an opportunity to enjoy all of the amenities of the water park.
Bluegreen also announced that it expects to commence construction during the fourth quarter of 2007 at "Odyssey Dells," its newest vacation ownership resort to be located in Wisconsin Dells, Wisconsin. Wisconsin Dells is one of the Midwest's most popular vacation destinations and a region of the country referred to as "The Waterpark Capital of the World!(R)."
Odyssey Dells is being built on a seven-acre parcel of land adjacent to 156-acre Mt. Olympus Resort Water and Theme Park (formerly known as Treasure Island Water and Theme Park Resort); Bluegreen announced the acquisition of this property in November 2006. Mt. Olympus is the largest water and theme park in the Wisconsin Dells area and a popular family fun destination. Odyssey Dells is expected to be comprised of approximately 75 two- and three-bedroom vacation ownership units that will be available for phased delivery in 2008 and 2009. As part of the November 2006 acquisition, Bluegreen also acquired 24 unsold existing vacation ownership units within the Mt. Olympus resort and entered into a strategic marketing partnership with the resort owner/operator. Renovation of the 24 acquired vacation ownership units is underway and Bluegreen expects them to be ready for occupancy in the third quarter of 2007. During 2006, Bluegreen owners and guests spent more than 60,000 room nights vacationing at the Company's Christmas Mountain Village(TM) resort, which is also located in Wisconsin Dells, reflecting the four-season desirability of this location. Through its marketing partnership with Mt. Olympus Resort Water and Theme Park, not only will Bluegreen have the ability to market the Bluegreen Vacation Club to parkgoers, but owners and guests at Odyssey Dells will also have an opportunity to enjoy all of the amenities of the water park.