BOCA RATON-Bluegreen Corp., a locally based publicly traded, national developer and marketer of drive-to vacation ownership resorts and other communities, reported a 46% increase in net income in its second quarter, ending June 30.Net income was $9.1 million, or 31 cents per diluted share, compared with $6.2 million, or 23 cents per diluted share for the same quarter last year. For the last six months, net income was up 65% to $13.8 million, or 47 cents per diluted share, from $8.4 million, or 32 cents per diluted share, for that period in 2003.In the second quarter, resorts sales grew 38% to a record $86.6 million, compared with $62.6 million the 2003 quarter. Resorts sales for the six-month period rose 30% from $107.1 million last year to $139.8 million this year. In addition, the company’s total operating revenue increased 44% to $153.6 million.Bluegreen is involved in the acquisition, development, marketing and sale of vacation ownership resorts as well as residential home sites. The resorts are located in popular vacation destinations, such as Marathon, Orlando, Ormond Beach, St. Augustine and Surfside, FL; the Smoky Mountains, TN; Myrtle Beach and Charleston, SC; Wisconsin Dells, WI; Gordonsville, VA; Hershey, PA; Branson and Ridgedale, MS; Boyne Falls, MI; and Aruba.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.