I see Darien Lake having potential for being a great park, but I really think EPR is holding it back. Do you think it's possible that Six Flags could purchase this park from them? Cedar fair love resort parks and this is one of them, with a onsite campground, cabins, hotel, waterpark, amusement park, concert venue, and it has over 900 acres of land and as far as I know, no height limit.
This is well thought out and a great question. Truthfully, one I've asked myself a few different times. Here's my thoughts in short: No...lol Extended: EPR is too profitable within the segment. They own roughly 18 properties tied within the parks and entertainment segment. They're pros at turning a profit for their investors. That being said, if Six Flags overpaid, sure it could happen. At the same time, EPR has a responsibility to their investors to accept a sweetheart deal if and when presented with one. HOWEVER, I will say that SF NOT owning several of the parks is beneficial in terms of getting the merger finalized.
I honestly see SFOG being high priority and being part of the parks with constant investments in the newly formed mega chain despite it being partially owned. It serves the Atlanta market were it’s part of one of the largest metropolitan statistical areas in the US. I do believe the park has a bright future ahead
I could envision a scenario where they quietly purchase more equity from the private partnership and then further invest heavily because of the rapid expansion of the southern USA. However, dollar for dollar, it currently is amongst the weakest investable properties (assuming the limited partnership equity group is NOT willing to match appropriately for further large investments) If they are willing, that changes everything. BUT, if I'm on the board of the new company, I have a duty to the shareholders to make the best dollar for dollar investments that turn the highest profits. That being said, if they keep Worlds of Fun I can see St Louis aggressively being invested in to try and put a squeeze on Silver Dollar City heading into the 2030's.
Correct. If you're selling a house in a neighborhood where a few others might also be for sale, you do things to make yours stand out... You make it 'move in ready'... Some new carpet, paint, new windows, heck maybe even remodel the kitchen. Things that are turnkey AND updated bring significantly higher yields. The dorney sale, if sold, would be exclusively to raise capital, lower debt, and position themselves to refinance at a more advantageous time.
Cedar Fair shareholders will probably deal with this after the merger. They might not need a vote for the merger, but they cant protect themselves from not getting taken off the board. I've increased my shares a bit more recently and have been adding more to my FUN position every week.
Yeah, like I mentioned, it's possible to get out of those types of leases but this really isn't like a standard lease with LaRonde. Similar, but less wiggle room. (unless beneficial for Montreal ofc lol)
@@PRC2019 well they could say they will merge la ronda into Canadas Wonderland, they have stepped up major investments into CW and supposedly are building a resort at the park to turn it more into a mini Universal for canada.
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I see Darien Lake having potential for being a great park, but I really think EPR is holding it back. Do you think it's possible that Six Flags could purchase this park from them? Cedar fair love resort parks and this is one of them, with a onsite campground, cabins, hotel, waterpark, amusement park, concert venue, and it has over 900 acres of land and as far as I know, no height limit.
This is well thought out and a great question. Truthfully, one I've asked myself a few different times.
Here's my thoughts in short: No...lol
Extended: EPR is too profitable within the segment. They own roughly 18 properties tied within the parks and entertainment segment. They're pros at turning a profit for their investors.
That being said, if Six Flags overpaid, sure it could happen. At the same time, EPR has a responsibility to their investors to accept a sweetheart deal if and when presented with one.
HOWEVER, I will say that SF NOT owning several of the parks is beneficial in terms of getting the merger finalized.
I honestly see SFOG being high priority and being part of the parks with constant investments in the newly formed mega chain despite it being partially owned. It serves the Atlanta market were it’s part of one of the largest metropolitan statistical areas in the US. I do believe the park has a bright future ahead
I could envision a scenario where they quietly purchase more equity from the private partnership and then further invest heavily because of the rapid expansion of the southern USA. However, dollar for dollar, it currently is amongst the weakest investable properties (assuming the limited partnership equity group is NOT willing to match appropriately for further large investments)
If they are willing, that changes everything. BUT, if I'm on the board of the new company, I have a duty to the shareholders to make the best dollar for dollar investments that turn the highest profits.
That being said, if they keep Worlds of Fun I can see St Louis aggressively being invested in to try and put a squeeze on Silver Dollar City heading into the 2030's.
4:18 - DorneyPark has a new B&M dive-coaster this year!
Correct.
If you're selling a house in a neighborhood where a few others might also be for sale, you do things to make yours stand out...
You make it 'move in ready'...
Some new carpet, paint, new windows, heck maybe even remodel the kitchen.
Things that are turnkey AND updated bring significantly higher yields.
The dorney sale, if sold, would be exclusively to raise capital, lower debt, and position themselves to refinance at a more advantageous time.
Cedar Fair did their share holders DIRTY by setting it up so they had no vote. Some of the CF shareholders are a bit upset about that too.
Can't disagree with that thought!
Cedar Fair shareholders will probably deal with this after the merger. They might not need a vote for the merger, but they cant protect themselves from not getting taken off the board. I've increased my shares a bit more recently and have been adding more to my FUN position every week.
Ummmm..... Six Flags had land leases for the New Orleans park for 70 years or so, and Astroworld too i think, and they reneged on those.
Yeah, like I mentioned, it's possible to get out of those types of leases but this really isn't like a standard lease with LaRonde. Similar, but less wiggle room. (unless beneficial for Montreal ofc lol)
@@PRC2019 well they could say they will merge la ronda into Canadas Wonderland, they have stepped up major investments into CW and supposedly are building a resort at the park to turn it more into a mini Universal for canada.