Mt. Olympus buys up and improves hotels on Dells strip

Posted | Contributed by Jeff

Over the last three months, Mt. Olympus owner Nick Laskaris and his wife have purchased six motels and hotels, primarily along the west side of Wisconsin Dells Parkway, commonly referred to as "the strip." Most of the properties are outdated, so a crew of about 30 workers is busy this winter tearing out carpeting, replacing furniture, light and plumbing fixtures and painting. Laskaris said he is spending about $20 million to purchase and remodel the properties. The resort will have about 1,000 rooms.

Read more from The Wisconsin State Journal.

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Lord Gonchar's avatar

Tekwardo said:
So the whole 'They haven't done it in 40 years" theory is garbage.

Every theory beyond "there's no city water there" is garbage.

Ignoring that fact and saying things over and over again doesn't change anything or make the other claims* any more true.

A hotel hasn't been built because there is no city water or sewer on site. This is fact.

Hard to believe we have the answer and it still continues...

----------------------------------------------------

*list of claims that are not reasons for the lack of hotel at SFGAdv:

- No one is going to travel from Philly to Great Adventure, spend 200 bucks on a hotel room just to get an extra hour of ridetime, when you can get 4 season passes for 200 bucks.

- It wouldnt make money because other than Six Flags there is nothing there. There is no other compelling reason to overnight in Jackson New Jersey.

- If it were that easy, and such a sure fire money maker, they'd already be doing it.

- Southern California is a major tourist destination. Jackson Township NJ isn't. It's right in between several.

- Even Six Flags markets the fact that damn near everyone lives near one. Most people are going to dervive the same benefit from visiting their local Six Flags as they would trekking to New Jersey, so you're talking about a very small market for luxury accomodations in Jackson Township NJ.

- Great Adventure has been there 30 years, why hasn't a hotel ever materialized... hmmmm?

- Great Adventure has been there for nearly 40 years, like I said, if it were such a great idea to build one there, one would have been built by now. The comspicuous absence of a hotel bares out what I am saying.

- With 30-40 million people within an easy car drive of GA, the marginal benefit of having a hotel there just isnt there.

- Like I said, "normal" people just want to take their kid to an amusement park and throw their kids on some rides.

- Jackson NJ isn't a destination.

- There are probably 100 thousand hotel rooms that have better acces to Philly, Atlantic City and NYC.

- For me Seaside Heights woud be a 1.5 hour trip. We go there, for the day, all the time and never once has it occured to me to stay over.

- Jackson NJ is a rural area wedged between 2 state forests and an Air Force base

- The GA parking lot is a sea of NY NJ, PA, and DE License plates.

- An hour drive puts you in overnite status? That's just absurd in the age of portable DVD players Nintendo DS's and Ipods. I used to take day trips to Wildwood with an infant and a toddler, with no problem.

- That's what I'm saying its an easy car ride for the most densly populated area in the country.

- For the majority of people that go there Great Adventure is a day trip. In order to create demand for a hotel you'd need some other compelling reason to go there.

- Great Adventure is located in such a manner that if you were driving East, you'd just keep going, and if you were heading west, you just started out and it's not really located near a major North South roadway.

- The obvious implication here being that there wasn't enough there to keep visitors overnight.

- Businesses also work by approaching investors with sure fire money making ideas to finance the idea, then use part of the profit to pay back the investors. In 40 year's time that's never happened leading me to believe it's not the goldmine everyone here thinks.

- Like I said, any plans ever made to build a hotel there, also included a crapload of other stuff to do, necessitating a hotel there.

- If it were profitable, why hasn't Six Flags, or another hotel chain built one?

- Why has every plan on record to build a hotel there, include other ammenities that would necessitate a hotel stay?

- Mainly attended by people who have little interest in staying there overnight.

- But even with all that... noone can explain the absence of a hotel there.... my basic argument is that they dont need one.

- Around here it's not abnormal to drive an hour to work every day.

- Jackson NJ isn't really convenient to anything people would actually want to do, besides go to Six Flags. The 2 things are not mutually exclusive. If you were visiting Philadelphia, you wouldnt stay in Jackson. If you were visiting NYC you wouldnt stay in Jackson. If you were visiting Atlantic City you wouldnt stay in Jackson. However if you lived in any of those areas GA is an easy car ride.

- It means that an average family isn't going to travel to Great Adventure because their roller coaster is a foot higher. They're just going to take their kids to their local theme park.

- Going to an amusement park isn't going to drain the average parent to the point where they cant drive an hour... jeez.

- The short answer is they dont need a hotel, there is sufficient lodging nearby for the small percentage of people who dont feel like driving an hour.

- The lack of a hotel is easily explained by the lack of a demand for one.

- That's not quite it. There's no hotel due to lack of demand. I can demonstrate the lack of demand because every known plan for Six Flags to build a hotel there also included a crapload of other stuff to do, to necessitate building a hotel there.

- There are hotels in all those little towns along the Garden State Parkway, because it's near the ocean.

- I only freakin live in the area.... they are going to have to church up Great Adventure a signifigant amount before anyone considers it a destination in and of itself waranting a hotel stay.

- Apparently the cost benefit ratio of having a hotel there is not enough to overcome the obstacles involved in building one.

- The CEO of Six Flags doesnt consider Six Flags Parks "Destination Parks"

- Since this reigon is so densly populated, there is no need for a hotel. Tens of millions of people live right near it. There already is sufficient lodging nearby to account for the people that need it.

- It wouldn't turn a profit because it would sit idle 7 or 8 months every year.

- If it were able to make a profit greater than the vig on a loan, someone would finance it. That's how capitalism works.

- If there was that much money to be made, the hurdles would have been overcome by now. The place has only been there for 40 years.


Tekwardo's avatar

But I thought you were Chinese...

;)

Dang it, Gonch, you got in the middle of me and Andy. Moosh may like that, but I was trying to be silly!

Last edited by Tekwardo,

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kpjb's avatar

Lord Gonchar said:

Hard to believe we have the answer and it still continues...

Not really...


Hi

Damn Gonch, a few more paragraphs and you could made a whole page by yourself.

Thre water sewer issue is the obvious reason it hasn't been built. MiA added sewer and water and the park has improved since. So this is the only valid point in the whole thread. Furthermore to agree with others on this topic I won't spend all day in a park then drive more then an hour home. And, we typically always stay st closesr hotel to a park, within reason.

Everywhere lacked city water at some point.... how did any hotel anwhere ever get built?

If it were a profitable idea, Adam Smith's invisibe hand would be busy digging the trenches.

ApolloAndy's avatar

Because no profitable idea is ever held up or delayed or shelved by red tape or the establishment.


Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."

Jeff's avatar

Or Maverick.

I don't think I've used that before, so let me have my one dig, please.


Jeff - Editor - CoasterBuzz.com - My Blog

Tekwardo's avatar

I'd give you a thumbs up but it looks like you've got that covered.


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Don't cry because it's over, smile because it happened.

Lord Gonchar's avatar

Corkscrew Follies said:
Damn Gonch, a few more paragraphs and you could made a whole page by yourself.

Don't blame the messenger. I just copied and pasted 40 incorrect reasons. I like my footnotes to be thorough and complete. :)

And again, just for clarity, if your scorecard reads "lack of city water and sewer services" see Margaret in the back of the room to receive your prize. All other tickets are invalid.


They've been proposing hotels there since at least 96, if it were a profitable idea there would be a hotel there. End of story. Not cooincidently they also proposed a lot more stuff to do to necessitate a hotel there.

Entire towns have sprung up around here, on former farms, that lacked city water, in that span.

Last edited by billb7581,
Raven-Phile's avatar

GAAAAAHHHHH! Can anyone recommend a good ointment to put on this red spot on my forehead? It's kind of odd, but it's shaped like of some kind of computer keyboard.

Vater's avatar

Lord Gonchar said:

And again, just for clarity, if your scorecard reads "lack of city water and sewer services" see Margaret in the back of the room to receive your prize. All other tickets are invalid.

It's obvious there's a ton of losing cards, as you pointed out above...funny that only one person got them all.

Funnier still that there is no hotel there.

Vater's avatar

Because of the lack of infrastructure.

rollergator's avatar

But if it were a profitable idea, the infrastructure would already be there! ;)

*P.S. Sorry about that. I just got a gig selling the ointment Josh was asking for...and I need to increase sales... :)


You still have Zoidberg.... You ALL have Zoidberg! (V) (;,,;) (V)

ApolloAndy's avatar

If such an ointment were profitable, it would already exist.


Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."

ApolloAndy's avatar

Also, I can't believe I'm going to feed the troll but:
Adam Smith's invisible hand routinely gets crushed by government red tape and/or regulation.

Not a judgement, just a statement of fact.


Hobbes: "What's the point of attaching a number to everything you do?"
Calvin: "If your numbers go up, it means you're having more fun."

Raven-Phile's avatar

ApolloAndy said:
If such an ointment were profitable, it would already exist.

Bwahahahaha! I'm sorry, but I just about choked on my water when I read that.

LostKause's avatar

+1 Andy. Hi-larious!

Bill, friend, let me tell you from experience that repeating it over and over wont change their minds. I've gone much more than 14 pages with another topic in the last ten years that I feel strongly against, while many others (almost everyone who posts here) feel strongly for.

I understand where you are coming from as far as trying to make others believe the way that you believe, but I still totally disagree with you.

I've learned something about myself today. lol


If the idea were that great, the infrastructure wouldn't be a hold up. The idea just isnt that good in the first place.

Putting in some sewer laterals wouldn't scuttle the entire project.

Last edited by billb7581,

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