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Re: Manhattan Club Lawsuit (by John W.):
I searched for redweek manhattan club lawsuit bluegreen and found some useful information. One bit I don't agree with, William M. posted in this thread: "My understanding from Lynn O’Donnell is that Bluegreen will not manage TMC."
This is contradicted by Bluegreen's Investor information February 2019 that states Bluegreen will manage in 2021.
Is there any communication from the owner's board on this issue (management contract after 2021)? Any email responses?
Bluegreen Vacations Corporation is a publicly traded stock (NYSE: BXG). Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX). Bluegreen Vacations trades as a component of the Russell 2000 and 3000 Indexes.
Bluegreen Vacations February 2019 Investor Deck Final, page 9, The Manhattan Club: 296 rooms, including penthouse, one-bedroom,two-bedroom and executive suites.
Exclusive right(1), on a non-committed basis, to acquire the remaining timeshare inventory at The Manhattan Club.
Considered to be part of Bluegreen’s “capital-light” Secondary Market program through periodic purchases over time.
Exclusive right(1) to acquire the management contract for The Manhattan Club resort in 2021.
(1) Subject to the terms and conditions of the agreement.