New Hotel Being Built On Former KI Resort Site

[gforce1994]

This is quite a fascinating hotel development. Currently, there are no extended stay value hotels in Mason.

http://coaster-nation.com/kinew_hotel/

[Thabto]

Good. That empty site was an eyesore. It's nice to see more lodging options become available. CP pushes themselves as a multi-day resort, and KI looks to be heading that direction.

[Creed Bratton]

 

1 minute ago, Thabto said:

Good. That empty site was an eyesore.

It still is....this new property is behind Buffalo Winds and Rings. Most of the KI Resort Site is still left open and in despair. 

[LuvingKI]

I miss the Kings Island Inn, I loved that place, fair prices, 2 pools that both had 9ft deep ends, I'd take it all day over great wolf lodge

[Pez]

28 minutes ago, chugh43 said:

 

It still is....this new property is behind Buffalo Winds and Rings. Most of the KI Resort Site is still left open and in despair. 

Yea, the parcel with the ongoing construcion was never part of the Kings Island Resort.  All the work on the Kings Island Resort property seems to have stalled.

[Pez]

It appears that the former Kings Island Resort Property transfer was sold recorded from OHMI Investors LLC to Warren County Holdings for $6.3M last month.

[Creed Bratton]

I wonder who Warren County Holdings is....

[Pez]

Me too.  After making my post showing the transfer I checked sales history and the transfer to OHMI was recorded in 2009, so Warren County Holdings could be the purchaser from a few years ago.  Either there was an unrecorded sale or it just took them a few years to file the transfer.

EDIT: I checked the old articles from December 2014 about the apartment complex plans.  It was a partnership with Hotel Development Services (identified as owner, and in context seems to be substantially in the same as OHMI) and Towne Properties.  As such, it seems a transfer of the property was not required.  The Warren Count Recorder Memos show states $6.3M was an arms length transaction, so it does seem there was a recent sale.

[westcoaster]

Great news

 

[gforce1994]

16 minutes ago, chugh43 said:

I wonder who Warren County Holdings is....

It’s  an LLC that was started in November of last year. 

 

[Oldschool75]

It’s  an LLC that was started in November of last year. 
 

And whoever created it used an agency to file with the state. C T Corporation Systems out of Columbus, OH.


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[gforce1994]

2 hours ago, Pez said:

Me too.  After making my post showing the transfer I checked sales history and the transfer to OHMI was recorded in 2009, so Warren County Holdings could be the purchaser from a few years ago.  Either there was an unrecorded sale or it just took them a few years to file the transfer.

OHMI also gave up land in 15 to KI Drive expansion, so it is current.

[Pez]

It seems the old apartment building plans have been abandoned.  It is a mystery what plans Warren County Holdings have for the property.  The word "Holdings" in the business name indicates to me that the property was purchased for speculative investment instead of development.  We may have to resign ourselves to looking at weeds and rubble over there for a while.

[gforce1994]

6 hours ago, Pez said:

It seems the old apartment building plans have been abandoned.  It is a mystery what plans Warren County Holdings have for the property.  The word "Holdings" in the business name indicates to me that the property was purchased for speculative investment instead of development.  We may have to resign ourselves to looking at weeds and rubble over there for a while.

Possibly. Or they could have started to negotiate leases.

[Magenta Lizard]

Last weekend, I could see they were working over there, but the new building went very vertical within the past week. This is a quick snap I took before turning onto KI Drive off of Great Wolf Drive. You can see how far to the right the building is, it's really not part of the former resort area. It will be nice to have more lodging in the area tho. 

[chuck norris]

That new hotel (which is by the wings and rings and really isn't on the resort land much) has been that tall for almost a month now... I drive by every day.


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[Magenta Lizard]

Well call me oblivious opening weekend I guess

[gforce1994]

9 hours ago, Magenta Lizard said:

Well call me oblivious opening weekend I guess

I had to design a hotel complex to pass undergrad. Those complexes are fun to design, in regards to structure.

[SonofBaconator]

The majority of hotels near Kings Island are actually more close to the Beach Waterpark. This hotel will be closer to the actual park right near the main entrance so that'll be a plus.

[Hawaiian Coasters 325]

Maybe they're building it because of the giga coaster!

[Creed Bratton]

2 minutes ago, Hawaiian Coasters 325 said:

Maybe they're building it because of the giga coaster!

Nah. They're building it because their is a need for multi-night stays. 

[Hawaiian Coasters 325]

Just now, chugh43 said:

Nah. They're building it because their is a need for multi-night stays. 

It's a joke

[Creed Bratton]

1 minute ago, Hawaiian Coasters 325 said:

It's a joke

It's hard to tell when you're joking on here because every post you make somehow relates to a giga. Kind of giga fanboyish. 

[Hawaiian Coasters 325]

Just now, chugh43 said:

It's hard to tell when you're joking on here because every post you make somehow relates to a giga. Kind of giga fanboyish. 

If I were to be a fanboy of something, it would be Cedar Point

[Creed Bratton]

1 minute ago, Hawaiian Coasters 325 said:

If I were to be a fanboy of something, it would be Cedar Point

Right.......every post you make here and on social media park pages is related to a giga. That's fanboyish. 

[Hawaiian Coasters 325]

1 minute ago, chugh43 said:

Right.......every post you make here and on social media park pages is related to a giga. That's fanboyish. 

Yeah, I do what it so much.