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 Most of the properties are outdated, so a crew of about 30 workers is busy this winter tearing out carpeting, replacing furniture, light and plumbing fixtures and painting.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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Raven-Phile's avatar

Sigh...

LostKause's avatar

I don't know what Seaside Heights is, but I bet it's not a huge theme park with hundreds of rides, shows, and attractions, in which a family can use all of a day's energy in order to enjoy everything that is there to offer. Visiting an amusement park, especially with a family, is a lot of hard work. A nearby place to sleep would be welcome to some.

Right now, people who want to stay close to SFGAdv and spend a few days there need to get a room elsewhere, and drive 20 minutes or so back and forth.

I'm going to post in this topic again in 20 minutes if no one replies to this post because I want to make sure to keep this ridiculous argument going on and on. ;)


EDITED - DOH! I just looked up seaside heights, and wouldn't ya know, it does have several amusements. lol Now I can offer this... Does Seaside Heights have any hotel rooms available? Do people stay there? Is the amount of stuff to do there comparable to what there is to to do at SFGAdv?

Last edited by LostKause,

Not really a valid comparison.

Seaside Heights is, as the name implies, prime oceanfront real estate and a place millions of people spend a weeks vacation..... ironically it's not that far from Great Adventure.

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

Last edited by billb7581,
Tekwardo's avatar

...that has a multi-day theme park with a water park, safari, and amusement park attended by about 3 million people a year...

But Seaside Heights is on the ocean. You don't need anything but the beach to build a hotel there. In Jackson, NJ, you just need a highly attended theme park.


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The guy that designed and built the ill fated Great Adventure Haunted Castle, had a similar attraction in Seaside Heights.

Does anyone go to that safari anymore?

Last time I went through, that thing sucked.

Lord Gonchar's avatar

I've only seen the animals from Medusa's lift - and even then I felt ripped off. :)


Tekwardo's avatar

It actually costs money now, so I sure as heck ain't paying. But they do offer different options to go, like a VIP tour, straight from the park tour, or pay and drive.


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Raven-Phile's avatar

Now you guys are just viewing the animals through an enthusiast's lens. ;)

Lord Gonchar's avatar

The safari doesn't have enough airtime because of OTSRs or stapling or heavy lap bars...or something.


Tekwardo's avatar

Besides, Animal Kingdom's Safari is longer, and that's just disrespectful (I'm old school).


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Tekwardo said:
...that has a multi-day theme park with a water park, safari, and amusement park attended by about 3 million people a year...

By other's admission had 2 days worth of stuff to do, tops. You're going to keep a hotel afloat 1 and 2 days at a time?

The beach is a primary destination where people block out 1 and 2 weeks at a time.

Cape May County Zoo is free.

Lord Gonchar's avatar

But do they have a hotel? If not, they should build one. Tons of people would stay overnight for a free zoo trip.


Raven-Phile's avatar

No they wouldn't, Gonch. The Zoo is too close to other metro areas.

It's near the shore, plenty of lodging.

Raven-Phile said:
No they wouldn't, Gonch. The Zoo is too close to other metro areas.

That's ass backwards from what I have been saying.

Tekwardo's avatar

You're going to keep a hotel afloat 1 and 2 days at a time?

Huh?

A regular hotel/motel that doesn't cater to an attraction is kept afloat by 1 or 2 days at a time.

I don't know why you don't see that there are plenty of people out there that would stay over nite. On any given day, they would need less than 1000 people (theoretically only 200, but that's not going to happen) in order to sell out on a park operating day.

That's 1000. Out of a park that has multiple thousands there a day. All they'd need is to sell to 200 families/couples/singles. A Hotel with 200 rooms at $90-$150.

Now, I'm not sure what the average 3 to maybe a 3.5 star hotel (Going by a site like Hotwire, which would mean hotels like Wyndam, Hilton Garden Inn, country inns and suites, Crowne Plaza, Four Points, Hyatts, Sheratons) with 200 rooms needs to charge per room to keep it profitable, but I routinely book those rooms for WAY less than $150 a nite in the busy season.

Doing the math, looking at what they'd need in order to sell out vs how many people would be right there, at the gate, they really only need to sell to an average of about 1000 people (averaging 4 people per room and 4 people per family).

It really speaks for itself.

Just because it hasn't been done yet doesn't mean that it can't or won't be done, and just looking at what little we know shows that it wouldn't even take many people to make the place average out and potentially be profitable.


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I don't know why you don't see that there are plenty of people out there that would stay over nite.

Because it's just wrong. The GA parking lot is a sea of NY NJ, PA, and DE License plates.

pointperson's avatar

How about an indoor waterpark? Which would allow the hotel to make year round income and still run at high occupancy during peak park time.


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