Bluegreen Anticipates Sell-Out of Orlando Property by End of Fiscal Year.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , FL--(BUSINESS WIRE)--July 6, 1999-- Bluegreen Corporation (NYSE NYSE See: New York Stock Exchange : BXG), a leading U.S. developer and marketer of timeshare A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. resorts and residential land and golf communities, today announced that it expects to sell-out its Orlando's Sunshine Resort ("Orlando's Sunshine") timeshare property by the end of the current fiscal year. The Company estimates that this anticipated sell-out of Orlando's Sunshine would generate approximately $36 million in timeshare revenues this fiscal year, based on current pricing. The Company attributed the rapid pace of this sell-out to its successful offsite sales operations and the growing acceptance of the points-based Bluegreen Vacation Club, a new system that sells consumers points as opposed to traditional weekly vacation intervals. Timeshare owners may then use these points at any of Bluegreen's 25 owned or managed Vacation Club resorts, including Orlando's Sunshine, to suit their individual lifestyles and vacation desires. The Bluegreen Vacation Club is currently being sold at all of the Company's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. timeshare locations. The success of these programs has prompnshine. "As we develop our offsite locations and distribute our Vacation Club product through new channate-of-the art offsite sales centers and as partting 24 (1,248 intervals) villa complex that includes a swimming pool, gazebo gazebo Lookout in the form of a turret, cupola (small, lanternlike dome), or garden house set on a height to give an extensive view. Few late-18th- and 19th-century rustic gazebos survive, but 17th-century turrets built up in an angle of the garden wall are not uncommon. , tennis courts, sauna and hot tctions including Disney World, Epcot Center, Und to properties with significantly larger capacd in a variety of popular vacation destinations including Orlando, Florida The city of Orlando is a major city in central Florida and is the county seat of Orange County, Florida. According to the 2000 census, the city population was 185,951. A 2006 U.S. ; the Smoky Mountains Smoky Mountains: see Great Smoky Mountains. of Tennessee;nd operations are predominantly located in the eemed forward-looking statements. The words "beltakes no obligation to publicly update or revishich cannot be predicted or quantified. Future events and actual results could differ materially from those statements are subject include, but are not limited to, regulatory changes, national or regional economic ccurities and Exchange Commission. |
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