Benzinga

Apr. 24, 2023, 01:06 PM

• Bluegreen Vacations Holding Corporation (NYSE:BVH) said Bluegreen/Big Cedar Vacations LLC, its joint venture with Bass Pro Shops, has acquired Ridgedale, Missouri-based rustic retreat Branson Cedars Resort. The financial details were not disclosed.
• The 80-acre Branson Cedars property is adjacent to the joint venture's Wilderness Club at Big Cedar Resort.
• The acquisition is expected to bring the Bluegreen Vacation Club's footprint to five resorts in the Branson/Ridgedale area.
• The JV plans to renovate the existing cottages, cabins, and treehouses included in the purchase.
• The joint venture currently owns The Cliffs at Long Creek and Wilderness Club at Big Cedar resorts in Ridgedale and Paradise Point in Hollister.
• The deal marks the fourth resort Bluegreen has added to its portfolio within the last six months.
• BVH held ~$227 million in cash and equivalents as of Dec. 31, 2022.
• Price Action: BVH shares are trading higher by 0.17% at $29.67 on the last check Monday.

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