Bluegreen Vacations Expands Footprint Via Acquisition Of 80-Acre Branson Cedars Resort In Missouri

Bluegreen Vacations Holding Corporation 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.