Categories: ExchangeNews

Bluegreen Vacations Expands to Nashville

Bluegreen Vacations Holding Corporation (NYSE:  BVH) (OTCQX: BVHBB) (“Bluegreen Vacations,” or the “Company”), is excited to announce its  expansion into the Nashville, Tennessee market with the acquisition of two properties located in  the historic Printers Alley district.  

One of the properties, previously a 15-story hotel, contains 86 rooms and two penthouse suites,  will be sold as vacation ownership interests; the second property, an adjacent two-story building which was formerly the Nashville Trust Company, will be converted to a sales preview center.  

Bluegreen will refresh the 86 guest rooms and convert the two penthouse suites into presidential  units, and will add a new lobby, a fitness center, and an owners’ lounge. It’s possible the Nashville Trust building may have the potential to be redeveloped into a 15-story resort, providing the  Company with a future expansion opportunity in the Nashville market. 

Mill Springs Lodge Groundbreaking

This acquisition is the fourth new property added to Bluegreen’s portfolio in the last eight months,  with the recently acquired Branson Cedars Resort in Ridgedale, Missouri, Bayside Resort and Spa in Panama City Beach, Florida, and Streamside Resort in Vail, Colorado. Additionally, Bluegreen  recently announced the commencement of construction of its Mill Springs Resort in Pigeon Forge, Tennessee

“We are pleased to add Nashville to the list of Bluegreen destinations,” said Ray Lopez, Chief Operating Officer and Chief Financial Officer of Bluegreen Vacations. “This acquisition is part of  our overall strategy to offer our owners a diverse range of vacation experiences in some of the  most desirable locations in the country.”  

Bluegreen is also expanding its inventory of presidential suites, including three recently added  units at its MountainLoft resort in Gatlinburg, Tennessee and seven new suites under development  at The Fountains Resort in Orlando, Florida. 

“Nashville has been one of the top desired destinations among our owners,” said Dusty Tonkin,  Bluegreen’s Chief Sales and Marketing Officer. “When the opportunity arose to acquire this  landmark building, it made sense to add this vibrant city to our expanding map,” he added.  

Centrally located in downtown Nashville, less than three blocks from Broadway, the property will  offer owners and guests easy access to the city’s vibrant entertainment, restaurants and attractions.  

About Bluegreen Vacations:

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation  ownership company that markets and sells vacation ownership interests and manages resorts in  popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based,  deeded vacation ownership plan with 71 Club and Club Associate Resorts and access to nearly  11,200 other hotels and resorts through partnerships and exchange networks.  For further information, please visit us at www.BluegreenVacations.com.

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