- July 5th, 2018, 12:59 am
#101292
ah, a bit of financial reasoning has come into the conversation. (nothwithstanding who thinks they know what, and which poster is considered "wise" or whatever
) the hotel part of the balance sheet is a key difference between CP and Carowinds. Compared to Sandusky BFE Ohio, Carowinds' location in a more temperate climate and MUCH more metropolitan area with year round travel and booming population means, compared to cedar point, I would think the new hotel would be earning an ROI most of the year (not just weekends March 31-December plus daily in Summer). Especially if their plan to host tournaments and youth for nearby activities during the shrinking number of months the park is closed. Cedar Point doesn't have the network of interstates 3 stoplights away that Carowinds has, all of which can deliver a steady stream of hotel customers year round.
If the numbers across different business lines at Carowinds look good, they will turn on the spigot wider for investments of rides, more hotels/campground facilities, and if things aren't up to goals, they'll likely slow things down to figure out what needs tweaking.
Grobble wrote:tarheel1231 wrote:Especially if this coaster is in the $20-$25 million range. At the most I could see Vortex getting converted, but Hurler is still a popular attraction and the Dinos going extinct =/= new coaster immediately after.
2019 alone could see an investment level in upwards of $60 million with the coaster, hotel, and dorms. That’s gonna take a few years to recoup.
Cedar Fair groups things by core investments and then hotel/resorts, The core investment cap expenditures for 2019 was stated to be around 135M for the chain and then around another 40M for hotels/resorts(Wonderland and Carowinds). So ,total cap exp of about 175M is what they ball parked. The hotel expenses are going to split over 2 yrs in cap expenditures. So, splitting things over 2 FY the Carowinds investment won't be 60M for 2019. Last FY capital expenditures from the annual report were 188M, which they stated was higher than planned originally b/c they moves some stuff up into Q4 that was planned for Q1 of the next FY.
ah, a bit of financial reasoning has come into the conversation. (nothwithstanding who thinks they know what, and which poster is considered "wise" or whatever
) the hotel part of the balance sheet is a key difference between CP and Carowinds. Compared to Sandusky BFE Ohio, Carowinds' location in a more temperate climate and MUCH more metropolitan area with year round travel and booming population means, compared to cedar point, I would think the new hotel would be earning an ROI most of the year (not just weekends March 31-December plus daily in Summer). Especially if their plan to host tournaments and youth for nearby activities during the shrinking number of months the park is closed. Cedar Point doesn't have the network of interstates 3 stoplights away that Carowinds has, all of which can deliver a steady stream of hotel customers year round.If the numbers across different business lines at Carowinds look good, they will turn on the spigot wider for investments of rides, more hotels/campground facilities, and if things aren't up to goals, they'll likely slow things down to figure out what needs tweaking.
