Is Bluegreen Going Out of Business? Here’s the Truth

No, Bluegreen Vacations is not going out of business. Despite swirling rumors and anxieties fueled by shifts in the timeshare industry, Bluegreen remains a significant player, backed by the considerable power of Bass Pro Shops. While they, like all companies, face challenges and evolve their business strategies, there’s no credible evidence to suggest they are on the brink of collapse. Let’s delve into the details and address the concerns many owners and potential customers have.

Understanding Bluegreen’s Current Standing

The Backing of Bass Pro Shops

This is a crucial point. Bluegreen isn’t some isolated timeshare operation struggling to stay afloat. It’s a subsidiary of Bass Pro Shops, a privately held company with deep pockets and a proven track record of success. Bass Pro Shops’ financial stability provides Bluegreen with a substantial safety net and allows them to invest in improvements, expansions, and new technologies. This backing is a major indicator of long-term viability.

Navigating the Timeshare Industry Landscape

The entire timeshare industry is undergoing a transformation. Consumer preferences are changing, and the digital age has brought increased transparency and ease of resale. This necessitates that companies adapt to survive. Bluegreen is, like others, navigating these waters. While some older business models are becoming obsolete, Bluegreen is actively exploring new avenues, including enhanced online booking platforms and more flexible ownership options.

Addressing Concerns and Rumors

Rumors of Bluegreen’s demise often stem from difficulties owners face in selling or exiting their timeshare contracts. The secondary market for timeshares, in general, is notoriously challenging. This doesn’t reflect Bluegreen’s financial health. It’s more a commentary on the nature of the timeshare resale market itself. It’s crucial to distinguish between individual owner frustrations and the overall health of the corporation.

Frequently Asked Questions (FAQs) About Bluegreen’s Future

Here are answers to some frequently asked questions about Bluegreen, to give you a clearer picture of where they stand.

1. Is Bluegreen financially stable?

Yes, relatively. While specific financial details aren’t publicly available due to Bass Pro Shops’ private ownership, Bluegreen benefits significantly from its parent company’s financial stability. There have been no public announcements or SEC filings (that would be required if it were publicly traded) indicating financial distress. The continuous development and upgrading of resorts also suggests financial strength.

2. Are Bluegreen resorts closing down?

No, there is no widespread closure of Bluegreen resorts. While individual resorts might undergo renovations or temporary closures for maintenance, there is no indication of a systemic shutdown of their properties. They are, in fact, constantly acquiring and upgrading properties to meet customer demands.

3. What happens to my Bluegreen timeshare if the company goes bankrupt?

This is highly unlikely, but it’s a valid concern. Even in the extremely unlikely event of a Bluegreen bankruptcy, your ownership would not automatically vanish. The resorts themselves are typically held by separate entities. In a bankruptcy scenario, these assets would likely be reorganized or sold, and your ownership rights would be subject to legal proceedings. However, the underlying value of the real estate would remain.

4. Is it difficult to sell my Bluegreen timeshare?

Yes, selling any timeshare, including Bluegreen, is generally difficult. The secondary market for timeshares is oversaturated, and demand is low. This is not unique to Bluegreen; it’s an industry-wide problem. High upfront costs, maintenance fees, and limited flexibility contribute to this difficulty.

5. What are my options for exiting my Bluegreen timeshare contract?

Several options exist, including:

• Contacting Bluegreen directly: They may have options for deed-back or other exit strategies.
• Working with a reputable timeshare exit company: Be extremely cautious and thoroughly vet any company you consider. Many are scams.
• Selling on the resale market: Be prepared to sell for significantly less than you paid.
• Renting out your timeshare: This can help offset maintenance fees but isn’t a guaranteed solution.

6. Are Bluegreen maintenance fees increasing?

Like most timeshare companies, Bluegreen maintenance fees generally increase over time. This is due to rising operating costs, property taxes, and maintenance expenses. Review your contract carefully to understand how maintenance fees are calculated and if there are any caps on increases.

7. Is Bluegreen changing its ownership structure?

Yes, Bluegreen, like other companies, is evolving its ownership structure. They are exploring more flexible ownership options and point-based systems that provide greater flexibility for owners. This is an attempt to adapt to changing consumer preferences.

8. Does the Better Business Bureau (BBB) have complaints about Bluegreen?

Yes, Bluegreen, like most large companies, has complaints filed with the BBB. The volume and nature of complaints should be considered in context. Common complaints relate to sales practices, difficulty exiting contracts, and maintenance fee increases. Reviewing the BBB’s response to these complaints can provide a more balanced perspective.

9. How does Bluegreen compare to other timeshare companies like Wyndham or Hilton Grand Vacations?

Bluegreen, Wyndham, and Hilton Grand Vacations are all major players in the timeshare industry, but they have distinct characteristics. Wyndham is known for its extensive network of resorts, while Hilton Grand Vacations caters to a more upscale market. Bluegreen focuses on offering unique experiences through its partnership with Bass Pro Shops, appealing to outdoor enthusiasts. The “best” option depends entirely on individual preferences and travel habits.

10. Is Bluegreen a good investment?

Generally, timeshares are not considered good investments. They typically depreciate in value and are difficult to resell. Their primary value lies in the vacation experiences they provide, not in financial returns. If you are seeking a financial investment, a timeshare is not the right choice.

11. Is Bluegreen offering any incentives to attract new buyers?

Yes, Bluegreen frequently offers incentives such as discounted vacation packages, bonus points, and promotional financing options to attract new buyers. However, always carefully review the terms and conditions before committing to a purchase.

12. How do I contact Bluegreen directly with questions or concerns?

You can contact Bluegreen customer service through their official website, by phone, or by mail. Ensure you have your account information readily available when contacting them.

Conclusion

While the timeshare industry faces scrutiny and individual owners may encounter challenges, the assertion that Bluegreen is going out of business is unsubstantiated. The company benefits from the backing of Bass Pro Shops, is actively adapting to changing market dynamics, and continues to operate a vast network of resorts. However, potential buyers and existing owners should conduct thorough due diligence and understand the complexities of timeshare ownership before making any decisions. Staying informed and realistic is key to a positive timeshare experience.