EXHIBIT 21: SUBSIDIARIES OF THE COMPANY

260 RIVER CORP., a Vermont Corporation

BALEEN ASSOCIATES Inc., a Florida Corporation

BAYSHORE LANDING, LLC, a Florida Limited Liability

BAYSHORE RAWBAR, LLC, a Florida Limited Liability

BAYSHORE RESTAURANT, LLC, a Florida Limited Liability

CII SPA, LLC, a Florida Limited Liability

COURTLAND BAYSHORE RAWBAR, LLC, a Florida Limited Liability

COURTLAND BAYSHORE RESTAURANT, LLC, a Florida Limited Liability Company

COURTLAND HOUSTON, INC., a Florida Corporation

COURTLAND INVESTMENTS, INC., a Delaware Corporation

GROVE ISLE ASSOCIATES, LTD., a Florida Limited Partnership

GROVE ISLE CLUB, INC., a Florida Corporation

GROVE ISLE INVESTMENTS, INC., a Florida Corporation

GROVE ISLE MARINA, INC., a Florida Corporation

GROVE ISLE YACHT CLUB ASSOCIATES, a Florida Joint Venture

GROVE SPA, LLC, a Florida Limited Liability

HMG BAYSHORE, LLC, a Florida Limited Liability Company

SAILBOAT KEY, INC., a Florida Corporation

SOUTH BAYSHORE ASSOCIATES, a Florida Joint Venture