<a href="https://laohu8.com/S/BXG">Bluegreen Vacations</a> Reports Increase in Net Income Attributable to Noncontrolling Interest, Reflects Strong Financial Performance
Bluegreen Vacations Holding Corporation, a subsidiary of Hilton Grand Vacations Inc., has released its actual financial results for the year ending December 31, 2023. The company reported a significant increase in sales of Vacation Ownership Interests (VOIs), reaching $543.1 million, up from $535.7 million in 2022. However, there was a noticeable decline in fee-based sales commission revenue, which decreased to $54.6 million in 2023 from $72.6 million in 2022. The resort and club management revenue also saw an increase, with the company earning $117.0 million, up from $108.9 million the previous year. Cost reimbursements rose to $97.6 million in comparison to $77.4 million in 2022. Additionally, administrative fees and other revenues were reported at $14.4 million, showing an increase from $13.7 million in 2022. In terms of net income attributable to noncontrolling interest from continuing operations, the company reported $18.1 million for 2023, reflecting an increase from $16.9 million in 2022. A significant update in the company's business operations includes the completion of a merger agreement on January 17, 2024, with HGV and Merger Sub, resulting in Bluegreen Vacations Holding Corporation becoming an indirect wholly-owned subsidiary of Hilton Grand Vacations Inc.
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