BlueGreen Vacations was founded in 1966 in Massachusetts by Harry Patten. Originally named Patten Realty, Mr. Patten would purchase large lots of land, usually from farmers, then split up the parcels into smaller venues. Patten stepped down in 1994, at which time the company renamed itself BlueGreen Vacations. Today, the company is a subsidiary of BFC Financial Corporation.
The company sells timeshares at the 60 different resorts that the company owns. The company currently has three divisions: Bluegreen Resorts, which oversees their time-share program, Bluegreen Vacations, which manages the Vacation Club point systems, and Outdoor Traveler, which markets the programs, mainly at Bass Pro Shops.
Under Bluegreen’s vacation program, customers buy vacation points, rather than being sold a specific property. However, they are still considered “owners” on a legal basis because they purchase an interest in a company resort held in their trust. Under this system, customers can plan stays at various timeshare resorts operated by Bluegreen or its corporate partners in North America. This point system also allows owners to stay at several thousand affiliated resorts overseas, and vacation points can be traded, sold, or rented to others, which is different from the typical timeshare model.
President and CEO of the company for more than 15 years, George Donovan, retired in 2006.
In 2013, BlueGreen Vacations made a partnership with Choice Hotels International.
CEO Shawn Pearson said in an interview that millennials love investing in timeshares.
BlueGreen has an ongoing partnership with Choice Hotels. In 2012, annual profits were listed as $458 million. The company employs more than 5,700 persons. Headquarters are now located in Boca Raton, Florida.
BlueGreen Vacations was founded in 1966 in Massachusetts by Harry Patten. Originally named Patten Realty, Mr. Patten would purchase large lots of land, usually from farmers, then split up the parcels into smaller venues. Patten stepped down in 1994, at which time the company renamed itself BlueGreen Vacations. Today, the company is a subsidiary of BFC Financial Corporation.
History
The company sells timeshares at the 60 different resorts that the company owns. The company currently has three divisions: Bluegreen Resorts, which oversees their time-share program, Bluegreen Vacations, which manages the Vacation Club point systems, and Outdoor Traveler, which markets the programs, mainly at Bass Pro Shops. Under Bluegreen’s vacation program, customers buy vacation points, rather than being sold a specific property. However, they are still considered “owners” on a legal basis because they purchase an interest in a company resort held in their trust. Under this system, customers can plan stays at various timeshare resorts operated by Bluegreen or its corporate partners in North America. This point system also allows owners to stay at several thousand affiliated resorts overseas, and vacation points can be traded, sold, or rented to others, which is different from the typical timeshare model.
President and CEO of the company for more than 15 years, George Donovan, retired in 2006.
In 2013, BlueGreen Vacations made a partnership with Choice Hotels International.
CEO Shawn Pearson said in an interview that millennials love investing in timeshares.
BlueGreen has an ongoing partnership with Choice Hotels. In 2012, annual profits were listed as $458 million. The company employs more than 5,700 persons. Headquarters are now located in Boca Raton, Florida.