Bluegreen Corporation (NYSE: BXG) today announced the expansion of its fee-based services business to The Manhattan Club, a premiere timeshare resort property located in midtown Manhattan. Bluegreen will be providing sales, marketing and title services to The Manhattan Club.
"We are very pleased to have been selected by the Manhattan Club in connection with our fee-based services business," said Terry Dodd, Senior Vice President of Development Services at Bluegreen Corporation. "We have long admired the success of this project, its staff and senior leadership team. We believe that we can build on this success and enhance our product offering with sales efforts through the Bluegreen Vacation Club."
The Manhattan Club is centrally located at 200 West 56th Street between Broadway and Seventh Avenue in the heart of midtown Manhattan near some of New York City's most significant attractions including Central Park, Carnegie Hall, Rockefeller Center, the Broadway Theater District, and world-famous shopping on Madison and Fifth Avenues.
The property's suites feature the space and amenities consistent with those of Bluegreen's timeshare resorts including kitchenettes, marbled baths and other luxurious appointments. Each stylish suite gives its guests the privacy, comfort and convenience they'd find at home, but with a prime location that delivers access to the excitement and culture of New York City.
The addition of The Manhattan Club to our growing number of fee-based service clients will provide the opportunity to our Bluegreen Vacation Club members to experience New York City and will provide purchasers of The Manhattan Club product through Bluegreen the opportunity to experience 56 other Bluegreen Vacation Club resorts in the United States, Aruba and the Bahamas.
Dodd continues, "This addition will provide access to a highly sought-after location in the premier urban market in the US."
Statements in this release may constitute forward-looking statements and are made pursuant to the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Forward looking statements are based largely on expectations and are subject to a number of risks and uncertainties including, but not limited to, the risks and uncertainties associated with economic, credit market, competitive and other factors affecting the Company and its operations, markets, products and services; fee-based service initiatives may not be successful and will not grow or generate profits as anticipated; the addition of new resorts to the Bluegreen Vacation Club through our fee-based services business may not have the positive impact on our products, services and Club owner base as anticipated; and the risks and other factors detailed in the Company's SEC filings, including its Annual Report filed on March 31, 2011.
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