Bluegreen Vacations Purchases Southern California Resort, The Club at Big Bear Village

Boca Raton, Fla., – August 20, 2012— Bluegreen Vacations today announced the purchase of The Club at Big Bear Village, a premiere timeshare resort property located in Big Bear, CA, approximately 90 minutes east of Los Angeles.

“Adding The Club at Big Bear Village to our collection of resorts just made sense,” said David Pontius, Executive Vice President and Chief Strategy Officer; President, Bluegreen Services at Bluegreen Corporation. “We have been looking for the opportunity to further our westward expansion and the accommodations and amenities offered by The Club at Big Bear Village are ideal for our vacation club owners. It’s a perfect four-season destination that nicely compliments our Las Vegas and Phoenix properties, offering a unique and very special experience.”

The resort is located on Big Bear Lake in the San Bernardino National Forest and has been referred to as an “ultra luxurious base camp to all the mountain and lake adventures that Big Bear offers.” Bluegreen Vacation Club owners initially will have access to yet to be sold inventory in 14 three-and-four bedroom presidential units richly appointed with sub-zero kitchen appliances, Jacuzzi™ baths and steam showers, HD big screen TVs and more.

Pontius explained that there are a handful of unit shells that were built, but not completed or furnished. Bluegreen is currently in the process of completing those units, with the intention of adding them to the available inventory by 2013. In addition, “a master plan for future development” of the property is in the works, for which Bluegreen will be selecting developer partners.

The Club at Big Bear Village was previously positioned as a fractional offering, designed to appeal to the Los Angeles drive-in market. As part of the transition, Bluegreen has worked closely with the existing owners at large as well as their association board to explain the company’s intentions.

“Dealing with high-end fractional owners as a timeshare company can be challenging,” Pontius said. “After all is said and done, we think the existing owners will really be pleased with what we bring to the table, and we know that existing Bluegreen Vacation Club owners will appreciate one more resort at which they can vacation and build memories.”