Month: April 2020
Congratulations to our client, Mike Reidel and Wild Rivers, for the lease agreement with the city of Irvine to develop and reopen Wild Rivers Waterpark at the Orange County Great Park. According to the lease terms, the city will receive 4.5% of the park’s annual gross revenue as a lease payment, and if the park
As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article from NBC News discusses the possible changes in hotels stays as a result of the virus. Many hotel experts predict drastic changes in the coming months, prompting many properties to embrace a
As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following article discusses whether or not U.S. theme parks will open this summer amid further pandemic fears and stay-at-home orders. While most year-round attractions are closed, it remains to be seen whether the seasonal
In response to the COVID-19 pandemic, which has caused most waterparks and amusement parks to close or delay their seasonal openings, many operators are offering incentive for guests. One such operator is Schlitterbahn, who is extending their 2020 season passes to cover the 2021 season. We expect many parks and operators will offer similar perks
As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following Barron’s article details comments from James Hardiman, who covers leisure stocks for Wedbush Securities. He spoke about whether regional theme parks and cruise lines can survive and the long-term outlook for travel industry.
As we keep abreast the continually changing impact of COVID-19 on the economy in general and hospitality sector in particular, the following HVS report details some of the unprecedented impact on hotel owners, operators, and investors. Published by: Anne. R. Lloyd-Jones, Suzanne R. Mellen, and Tanya J. Pierson (HVS) Published date: April 2020 The COVID-19
At the beginning of 2020, the continuing trend of two decades of growth was expected in the waterpark industry. Major projects will open throughout the United States in both the indoor and outdoor waterpark categories totaling over $1 billion in investment in 2020. Fourteen new standalone waterparks and one resort with outdoor waterpark are anticipated
Great article from the BBC News Toronto on Whitewater West’s Geoff Chutter. Geoff opened Canada’s second waterpark in British Columbia, Canada in 1980. Fast forward 40 years, and Geoff’s business – Whitewater West – is today the world’s largest designer and manufacturer of water parks. H&LA’s David Sangree was honored to contribute a quote for