Exhibit 21

Subsidiaries of the Company:

260 RIVER CORP., a Vermont 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 INVESTMENTS, INC., a Delaware Corporation

COURTLAND KEY WEST, INC., a Florida 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

HMG HOUSTON GROVE, INC., a Texas Corporation

HMG-FIEBER ASSOCIATES, a Connecticut Joint Venture

SOUTH BAYSHORE ASSOCIATES, a Florida Joint Venture

THE GROVE TOWNE CENTER-TEXAS, LTD. , a Texas Limited Partnership