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Congrats to our client, Great Wolf Resorts, on their newest Great Wolf Lodge property opening in Gurnee, Illinois! The new resort is on the site of the former KeyLime Cove waterpark, with everything stripped down and completely redone to showcase the Great Wolf Lodge brand and their Northwoods theme. This brings the total GWL properties
Hotel News Now aggregated some great insights about the hotel industry from top CEO’s at the NYU Investment Conference. This article highlights those insights as well as broad trends CEO’s are seeing across the hotel industry. Published by: Sean McCracken/Hotel News Now Published date: June, 2018 When hotel leaders gathered earlier this month for the 40th
The sentiment at the 2018 NYU Hotel Investment Conference was very positive for the industry with expectations of continued growth in the coming years. Among the wealth of relevant information from the conference, we identified several key takeaways that highlight the state of the industry in 2018 and beyond: Improved Performance: Occupancy and ADR will
According to STR, the U.S. room construction total represented a 2.2% decrease compared with April 2017. The number of hotel rooms under construction in the U.S. has now declined in six of the last seven months.
The waterpark industry continues to expand in North America, with more than $1 billion in new investment in indoor and outdoor waterparks and their related resorts slated for 2018. In the latest edition of ParkWorld Magazine, David Sangree discusses new development and where the industry is heading in 2018 and beyond. https://content.yudu.com/web/69r/0Aiy7l/PWMay2018/html/index.html?page=24&origin=reader
David Sangree, MAI, CPA, IHSC and John Burke are headed to the NYU International Hospitality Industry Investment Conference, taking place June 3-5 at the Marriott Marquis in New York City. If you’re headed to the conference and would like to meet with David or John, click on their names to send an email.
Hotel News Now breaks down the CBRE “Trends in the Hotel Industry” study that shows U.S. hoteliers saw revenue growth in 2017 while keeping rising expenses low. Published by: Robert Mandelbaum/Hotel News Now Published date: May, 2018 Hoteliers in the U.S. enjoyed an eighth consecutive year of increasing profits in 2017 despite another slowdown in the
Published by: Sam McCaffery/BlooLoop Published Date: April, 2018 In an earnings call this week, Jim Reid-Anderson, CEO of Six Flags Entertainment, said that the company plans to accelerate its strategy to purchase water parks and theme parks close to properties it already owns. “There are dozens of parks within reasonable driving distance of our existing portfolio in
Development in the Poconos isn’t done yet! Township officials have announced plans to create a massive $350 million development project dubbed Pocono Springs Entertainment Village, which will include a 75,000 square foot aquarium, a movie theater, helium balloon rides and space for a slew of retail and restaurant spaces. The site is adjacent to the
Introduction The waterpark industry continues to expand in North America, with more than $1 billion in new investment in indoor and outdoor waterparks and their related resorts in 2018. Nearly 60 expansions and new facilities will open in 2018. We project 14 municipal and eight private outdoor waterparks will open, outpacing 2017’s nine municipal and