Florida Investment Firm Acquires Éilan Hotel & Spa for $34.3M
Éilan Hotel and Spa
SAN ANTONIO – Bluegreen Vacations Corporation, a leading company in the timeshare industry, has purchased The Éilan Hotel and Spa in San Antonio for approximately $34.3 million. The acquisition supports Bluegreen’s strategic expansion into the western United States and adds an upscale property to its resort portfolio.
“This acquisition reflects our ability to identify attractive opportunities in key markets aligned with our western expansion initiatives, and is an important addition to our resort portfolio,” said Shawn B. Pearson, CEO of Bluegreen Vacations.
Pearson noted that most of Bluegreen’s resorts are located in the East and Midwest, although the company also maintains vacation destinations in Aruba and the Bahamas. The Éilan aligns with Bluegreen’s “drive-to” resort strategy—more than 10 percent of current Bluegreen Vacation Club owners live in Texas and neighboring states—making it a convenient option for many owners.
Based in Boca Raton, Florida, Bluegreen markets and sells vacation ownership interests and operates resorts in premium leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership program with roughly 213,000 owners, 67 Club and Club Associate Resorts, and access to over 11,000 additional hotels and resorts through partner networks. BBX Capital Corporation, a diversified holding company in Fort Lauderdale, owns about 90 percent of Bluegreen.
The Éilan Hotel & Spa is a boutique, 165-room property featuring a full-service spa with 10 treatment rooms, resort-style pools, a fitness center, tennis courts, and virtual golf. Guests enter through Roman arches into thoughtfully landscaped, Italian-inspired grounds and experience a mix of modern art and classical design. The hotel sits close to San Antonio’s shopping, dining, and entertainment districts.
Nearby cultural and recreational attractions include the San Antonio Museum of Art, which houses collections spanning western and eastern art traditions, as well as Texas wine country—one of the fastest-growing wine regions in the nation. Family and leisure destinations such as Six Flags, the 36-hole La Cantera Golf Club, The Rim and Shops at La Cantera, Bass Pro Shops, and Topgolf are all within a short drive.
The resort is set within a 120-acre mixed-use development nestled in the foothills of the Texas Hill Country, approximately 20 miles from downtown San Antonio. Prominent city attractions like The Alamo and the River Walk are also accessible; the River Walk stretches roughly five miles along the San Antonio River and is lined with shops and restaurants while hosting more than 20 annual special events.
Bluegreen intends to open a 13,000-square-foot sales office at The Éilan by the end of the year to support sales growth and expand its presence in the region. The company will leverage its existing marketing platforms—including a network of Bass Pro Shops locations in Texas and an expanded relationship with Choice Hotels—to drive owner recruitment and resort utilization.
Financing for the transaction is being provided by ZB N.A., operating as National Bank of Arizona, which will supply up to $27.5 million. Of that amount, $24.3 million was funded at closing to complete the acquisition, with up to an additional $3.2 million available to underwrite planned future improvements.
