Welcome to our dedicated page for Bluegreen Vacations Holding Corporation news (Ticker: BVHBB), a resource for investors and traders seeking the latest updates and insights on Bluegreen Vacations Holding Corporation stock.
Bluegreen Vacations Holding Corporation (BVHBB) delivers innovative vacation ownership solutions through its managed Bluegreen Vacation Club, serving over 180,000 owners with access to 4,000+ resorts globally. This news hub provides investors and industry observers with essential updates about the company's strategic direction under BBX Capital and BFC Financial Corporation ownership.
Discover official announcements covering financial performance, resort portfolio expansions, and partnership developments in the vacation ownership sector. Our curated collection ensures timely access to operational updates that impact Bluegreen's position in hospitality markets.
Key coverage areas include earnings disclosures, management changes, sustainability initiatives, and market expansion strategies. All content is verified through primary sources to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined tracking of Bluegreen's corporate milestones and industry leadership in flexible vacation solutions. Check regularly for updates reflecting the company's growth across owned resorts and third-party collaborations.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has announced the acquisition of three new resorts, boosting its portfolio in popular destinations. This includes a 320-room resort and spa in Panama City Beach, Florida, being converted to 200 rooms, and two buildings at Streamside at Vail Resort, Colorado. The company is also breaking ground on a new resort in Pigeon Forge, Tennessee, expected to open in 2024. These strategic acquisitions are aimed at enhancing offerings for vacation owners and expanding their market presence.
Bluegreen Vacations Holding Corporation (NYSE: BVH, OTCQX: BVHBB) has announced the amendment and extension of its vacation ownership interest (VOI) notes receivable purchase facility with several banks, including KeyBank and Bank of America. The facility now extends the advance period to September 2025 and increases financing from $80 million to $250 million, with an advance rate of up to 88%. This move aims to enhance liquidity and lower funding costs. As of now, there are no outstanding borrowings under the facility.
Bluegreen Vacations Holding Corporation (NYSE: BVH) reported Q2 2022 net income of $17.8 million, a 9% decline year-over-year, with diluted EPS at $0.87, down 6%. Total revenue rose 22% to $235.6 million, driven by a 21% increase in system-wide sales of VOIs at $198.5 million. Vacation packages sold dropped to 40,395, a 28% decrease from the prior year. Adjusted EBITDA attributable to shareholders fell 3% to $34.7 million. For the first half of 2022, net income surged 50% to $33.8 million. The company is expanding its resort inventory and addressing labor market challenges.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) will release its financial results for Q2 2022 before the market opens on August 3, 2022. The company is a leader in vacation ownership, providing flexible points-based plans and managing resorts in sought-after destinations. Bluegreen's offerings include 69 Club Resorts and access to over 11,200 additional hotels through partnerships. Investors can expect insights into the company's performance through the upcoming earnings announcement.
Bluegreen Vacations Holding Corporation (NYSE: BVH, OTCQX: BVHBB) has declared a quarterly cash dividend of $0.15 per share on its Class A and Class B Common Stock. This dividend is payable on August 22, 2022, to all shareholders of record by the close of trading on August 8, 2022. As a vacation ownership company, Bluegreen markets and sells vacation ownership interests and manages resorts, providing a flexible points-based vacation ownership plan.
Bluegreen Vacations Holding Corporation (NYSE: BVH) reported robust financial results for Q1 2022. Net income surged by 438% to $16 million, with diluted EPS rising 407% to $0.76. Total revenue increased 33% to $195.1 million, and system-wide sales of vacation ownership interests (VOIs) skyrocketed 42% to $151.5 million. Adjusted EBITDA attributable to shareholders soared 145% to $31.1 million. Free cash flow also climbed 211% to $24.6 million. Despite a drop in vacation packages sold, the company expects strong future growth driven by ongoing marketing strategies.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has successfully completed a private offering of approximately $172.0 million in vacation ownership interest receivable-backed Notes. The issuance includes Class A Notes of $71.0 million, Class B Notes of $56.5 million, and Class C Notes of $44.5 million, with interest rates ranging from 4.12% to 5.35%, resulting in a weighted average of 4.60%. The proceeds will reduce existing debt and support corporate initiatives.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) will release its financial results for Q1 2022 on May 5, 2022, before market open. The company specializes in vacation ownership and manages resorts across key destinations. Its Bluegreen Vacation Club offers a points-based ownership plan with access to numerous resorts via partnerships. The announcement aligns with the company’s focus on providing comprehensive management and marketing services.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced a cash dividend of
