Likely, but I bet they didn't just pay double the current stock price for giggles. There had to be other players out there looking to acquire Bluegreen which drove up the price. Or Bluegreen wasn't in the selling mood and they needed to provide extra return to make it worth their while.
Agreed. The buyout price took me by surprise this morning, too. BUT BG has a couple of resorts in development, and given the difficulty of obtaining real estate for decent-sized resorts through various local planning boards, HVG may have decided that the existing BG RE portfolio was 'undervalued' by the market.
That's how I ended up first purchasing a timeshare. I was at Bass Pro and Bluegreen reps in the store sold me a 3 night stay in Orlando plus incentives, including $200 in Visa gift cards, for $99.
The green dots are resorts where Bluegreen only owns/administers some of the units. Orange dots are 100% Bluegreen. Due to this, the green dots are generally harder to book.
If you own in a Trust Type, you still have an underlying fixed week/unit that you have access to, you just have to actively request it a certain amount of time ahead. But you also have the HGVC-style option of receiving points to book something different instead.
Since the Hilton announcement specifically states Bluegreen's properties will be available for booking to current Hilton members, it doesn't sound like they intend to keep them separate.
I seem to recall at one point there was litigation between Bass Pro Shops and Bluegreen. I believe Bass Pro was suing Bluegreen. I guess they settled things okay and are all on good terms now...
I heard about it after the fact, but I think that all happened and was resolved prior to me ever buying in.
It will be available through their Max program. It allows cross booking through the various sub systems (HGVC, HVC/DRI, Embarc and now BlueGreen). The owners in each system can book their systems within their rights as owners, but Max members can book in the other systems at 6 months. Not much has been available, but that’s what us being sold. All new buyers are automatically enrolled into Max, even existing owners.
Maybe. Although Hilton is very important to RCI right now. It’s the only major upscale brand left in RCI.
In April of this year, 16 co-plaintiffs filed another amendment in their lawsuit against Bluegreen Vacations. Their reasoning surrounds fraudulent misconduct that includes misleading sales tactics, statutory violations and a failure to point out the owner’s right of rescission. The damages they’re seeking restitution for began after a routine trip to a local Bass Pro Shop. The plaintiffs and others never really knew the extent of their timeshare purchase and believe they’ve been intentionally manipulated.
vacationownershipconsultants.com
It would fit in the tier below HVC, on par with some of Hilton’s budget brands.
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Can someone post those FAQ here?
Which kind of seems silly to me, though maybe not if you want to focus on upselling. But if you're wanting to bring in new people, it seems like the big sell is the size of the system, and the HGVC "legacy" system was pretty straight forward, but now they have basically 2, maybe 3 systems and it starts to just sound confusing.
I agree. Any existing DRI or HGVC owners not already in Max will have to buy in to get Bluegreen access through Max. The only people getting it for "free" are people who are now Max members already. They still have a huge pool of owners to upsell too. Bluegreen owners won't automatically get Max, they too will have to buy in.
Here’s a graphic from when HGV merged with DRI
I get that timeshare salesmen are good at what they do, and all new owners have Max already, and I guess they often don't know what they're being told anyway. But for upsells, I feel like 6 month (vs 9-13 month?) access, which has to mean (extremely?) limited availability (as discussed from the few Max members on the board) doesn't actually sound like that great a deal to get anyone to purchase. I would still find it more compelling (but not enough to pay retail) if Max was the same availability as the various "legacy" systems, or at least way closer. I guess I don't see why anyone vaguely savvy wouldn't just use RCI. My currentbooking at HGV (Diamond) Wynchor Park was RCI via the HGVC RCI portal (though it was an extra vacation).
