Sonofbeast2.0 Posted February 11, 2013 Share Posted February 11, 2013 Do you think KI will continue to be owned by CF? I think KI will stay with CF. 2 Quote Link to comment Share on other sites More sharing options...
beastrider97 Posted February 11, 2013 Share Posted February 11, 2013 Only way I can see Kings Island being owned by another chain would be if CF went through some kind of bankruptcy. Personally, I don't see that happening for a very, very long time. 1 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 11, 2013 Share Posted February 11, 2013 The one thing certain in business is that unpredictable things can and do happen. Barring that, Cedar Fair sees Kings Island as one of its most important assets. 6 Quote Link to comment Share on other sites More sharing options...
TheBEASTunchained Posted February 11, 2013 Share Posted February 11, 2013 Cedar Fair seems to see Kings Island as one of the most profitable and popular parks that they own besides Cedar Point, which would lead me to believe that they would hold on to KI as long as they could if they were going through hard times.......If they were in a situation where they had to get rid of one of the parks they own I could see it being more likely to discard Michigans Adventure...... Quote Link to comment Share on other sites More sharing options...
RollerNut Posted February 11, 2013 Share Posted February 11, 2013 Cedar Fair seems to see Kings Island as one of the most profitable and popular parks that they own besides Cedar Point, which would lead me to believe that they would hold on to KI as long as they could if they were going through hard times.......If they were in a situation where they had to get rid of one of the parks they own I could see it being more likely to discard Michigans Adventure...... Why Mi. Adventure? They have already tried to dump Valleyfair and Great America. Mi.A. to my knowledge does pretty well for its self and haslow competition. Canada's Wonderland has the highest attendance of thr seasonal parks, a captial firm would buy low and want to sell high. Correct me if I am wrong, Six Flags made a pretty penny from WoA and CF got Paramount Parks for a steal. Quote Link to comment Share on other sites More sharing options...
diamondhawk Posted February 11, 2013 Share Posted February 11, 2013 CF got Paramount Parks for a steal. Um, no. Diamondhawk avoiding a two word post. 6 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 12, 2013 Share Posted February 12, 2013 And Cedar Fair got Worlds of Adventure for substantially less than Six Flags had invested in it. Quote Link to comment Share on other sites More sharing options...
Cody Posted February 12, 2013 Share Posted February 12, 2013 At the end of the day it is a business, KI will continue to be owned by CF until somebody lays down an acceptable offer in CF eyes. No, I do not believe KI will ALWAYS be in CF ownership. Cedar Fair bought the Paramount chain for 1.24B There were 5 Paramount parks. So about 248M for each park. I would bet if someone offered 250-270M for KI in cash, they would sell it off in a heart beat. Quote Link to comment Share on other sites More sharing options...
westcoaster Posted February 12, 2013 Share Posted February 12, 2013 I bet KI would go for about 300 to 350 million figures today, and in a heartbeat they would sell for sure! Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted February 12, 2013 Share Posted February 12, 2013 But remember, that the value in owning a park is not just the value of the park. It is also in the money that the park can generate for the company. 1 Quote Link to comment Share on other sites More sharing options...
westcoaster Posted February 12, 2013 Share Posted February 12, 2013 KI worth should be very high, as they will probably have a 2nd or 3rd gate in the future! Quote Link to comment Share on other sites More sharing options...
SonofBaconator Posted February 12, 2013 Share Posted February 12, 2013 Eventually there will probably be a new amusement park company that could be a potential owner but only time will tell. Quote Link to comment Share on other sites More sharing options...
RollerNut Posted February 12, 2013 Share Posted February 12, 2013 There were five parks but seven properties total at a value of $177 million. That includes the management contract for Gilroy Gardens and Star Trek: The Experience. Geauga Lake didn't fall down just under Cedar Fair, my opinion is SFWoA was overbuilt. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 12, 2013 Share Posted February 12, 2013 Cedar Fair paid $1.24 Billion for Paramount Parks. This was just under CBS's dream evaluation of $1.25 billion. Quote Link to comment Share on other sites More sharing options...
RollerNut Posted February 12, 2013 Share Posted February 12, 2013 In 2005, the 5 Paramount Parks had revenues of $84 million per park compared to $47 million per park for CF's 12 parks. Those numbers are from dividing the revenue numbers by number of parks. See press release concerning purchase of PP on Rcdb.com 1 Quote Link to comment Share on other sites More sharing options...
dare-to-fly Posted February 12, 2013 Share Posted February 12, 2013 Nothing lasts forever, but it will be a long time in the future. Something that brings in that much profit won't be sold off lightly. 1 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 12, 2013 Share Posted February 12, 2013 RollerNut: I see what you are doing now. Thanks! Quote Link to comment Share on other sites More sharing options...
Cody Posted February 12, 2013 Share Posted February 12, 2013 My coffee didn't kick in, seems like I was thinking today was in 2006 hehe. I would agree, KI could fetch a nice price tag, If I had 300-350M i'd love to acquire the park. Quote Link to comment Share on other sites More sharing options...
HTCO Posted February 12, 2013 Share Posted February 12, 2013 Cedar Fair would be stupid if they let go of Kings Island. I would get rid of the other parks(Besides CP) before Kings Island, because we are in direct competition with Cedar Point. 1 Quote Link to comment Share on other sites More sharing options...
stashua123 Posted February 12, 2013 Share Posted February 12, 2013 Thats a thing to think about. But it would be good for the parks in some ways and bad for the parks. Pro: More competition=more roller coaster building Con: Most people might choose Cedar Point or vice-versa its unpredictable ya know! In think KI will stay with Cedar Fair for 20 years at least unless Cedar Fair goes into a Six Flags Bankruptcy selling spree. Quote Link to comment Share on other sites More sharing options...
IndyGuy4KI Posted February 12, 2013 Share Posted February 12, 2013 We can't predict what life throws at us, even in the business world. I don't see CF going anywhere especially with Matt at the wheel, but my opinion could change tomorrow. I am kind of with a few others, if CF were to keep a few core parks during any type of consolidation I think it would be CP, KI, KD, and CW. Quote Link to comment Share on other sites More sharing options...
UnrealNightmare Posted February 12, 2013 Share Posted February 12, 2013 Now correct me if I'm wrong but isn't MI Adventure one of the highest profit parks in the chain? Hence why they haven't seen any new rides in 4 years. Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted February 12, 2013 Share Posted February 12, 2013 For the right price, everything is for sale. 2 Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted February 12, 2013 Share Posted February 12, 2013 Holiday World apparently was not on the many occasions that Six Flags came calling. Then again, a different management was on both sides of that transaction. Quote Link to comment Share on other sites More sharing options...
Browntggrr Posted February 12, 2013 Share Posted February 12, 2013 ^ The offer from SF obviously was not the right price. Quote Link to comment Share on other sites More sharing options...
HTCO Posted February 12, 2013 Share Posted February 12, 2013 Now correct me if I'm wrong but isn't MI Adventure one of the highest profit parks in the chain? Hence why they haven't seen any new rides in 4 years. Highest Profit? Sure. Highest Attendance? Doubt it. Quote Link to comment Share on other sites More sharing options...
Sonofbeast2.0 Posted February 13, 2013 Author Share Posted February 13, 2013 To be honest i'm surprised with the amount of people who don't care as long as park is open. so many were happy with CF running KI instead of Paramount, but yet their is so many that don't care as long as KI is open... note: that is not judging anyone but I find it a bit odd. P.S. Like your pic HTCO. Quote Link to comment Share on other sites More sharing options...
jzarley Posted February 13, 2013 Share Posted February 13, 2013 I think the bigger question is whether Cedar Fair will always be Cedar Fair...in the big scheme of things, a market cap of (approximately) $2B isn't a lot if you're a REIT or private equity company looking to make a deal. 2 Quote Link to comment Share on other sites More sharing options...
Shawn Meyer Posted February 15, 2013 Share Posted February 15, 2013 My opinion. CF will hold onto Kings Island for a long long long time. For as much money as CF has put into Kings Island, why would they turn they're backs on them now? Last year alone, they did a complete overhaul in expanding the waterpark and putting the Soak City name on it. They put in Diamondback which in all the years I went down there with my family, I thought would never happen. I thought this because I didn't think they had the room. Oh yeah, they also spent a lot of money revamping Spongebob into Planet Snoopy as well as adding WindSeeker. I know I didn't go in order, but you get the point. Here's another opinion from me. CF will strike again in 2014 with a new roller coaster In SOB spot; B&M most likely at the moment. Quote Link to comment Share on other sites More sharing options...
IndyGuy4KI Posted February 15, 2013 Share Posted February 15, 2013 I think the bigger question is whether Cedar Fair will always be Cedar Fair...in the big scheme of things, a market cap of (approximately) $2B isn't a lot if you're a REIT or private equity company looking to make a deal. Good point. Here not so long ago, we could have went backwards a few letters in the name of the parent company. Then who knows who they would have sold it to after that! Quote Link to comment Share on other sites More sharing options...
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