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.
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