Boca Raton-based timeshare firm Bluegreen took a loss in the second quarter of $26.7 million. The company was charged for its residential division, Bluegreen Communities, which is currently for sale. In July, the company entered into a non-binding agreement with an undisclosed buyer looking to purchase that division and the company’s golf course assets. The majority owner of Bluegreen is BFC Financial, which itself is the majority owner of BankAtlantic. [SFBJ]
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Bluegreen Corp, based in Boca Raton and primarily a timeshare company, has entered the hotel management field with two hotels, one in Ft. Pierce, Fla. and the other in New Hampshire. The company began fee-based management a year ago. The company has 12 timeshare properties in Florida, including in Delray Beach and Surfside. Bluegreen shares were up 34 cents, closing at $5.68 yesterday, a high for the last 52 weeks. [SFBJ] Comments
