Mt. Olympus buys up and improves hotels on Dells strip

Posted Friday, January 14, 2011 12:52 PM | 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 Most of the properties are outdated, so a crew of about 30 workers is busy this winter tearing out carpeting, replacing furniture, light and plumbing fixtures and painting.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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Thursday, January 20, 2011 2:51 PM
pointperson's avatar

The hotels near Kings Dominion and Dorney Park are not operated by the parks/Cedar Fair, so I highly doubt they are operating in the red. And if they were I doubt they would continue to be opening more.


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Thursday, January 20, 2011 2:52 PM
Tekwardo's avatar

As I said (and was apparently ignored), they were zoned for the hotel, and from what I recall reading, there have been utility issues thus far among other things. Maybe that's why they haven't yet. Oh, and then there's the fact that the company has had major management changes. Twice. In the last 5 years. OH! And they went bankrupt and had to emerge from bankruptcy. In the last 2 years.

No one is saying that because others have it, GA should too, we're just saying that it's possible to build one there and run it successfully, and that apparently it is/was in the cards at some point to do it, it just hasn't happened yet.

It doesn't NEED to have any other amenities to succeed, it has a highly attended park.

Your arguement has been that no one will stay there because everyone lives to close, then it was no one would build it becasue no one has built one yet, and then it amalgamated into something to where I'm not sure anyone knows what you're arguing outside of the fact that you (!) dont' think a hotel is viable there based on your own habits and opinions.

Others disagree entirely.


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Thursday, January 20, 2011 3:08 PM
LostKause's avatar

Great Adventure doesn't need anything else to do in order to justify building a hotel. They have two full-day parks right there, which should entice people to stay at least two days. I know that some people visit Cedar Point, for example, more than one day, and then spend another day at the water park on top of that.

If they did build a hotel for just that reason alone, it would probably be a good idea to build the other things that I mentioned, like mini golf and other pay-as-you-go attractions like Challenge park at CP has. That was my point, now said in different words.

Some hotels in Sandusky close during the off-season. Others operate at very discounted rates, and others have built attached indoor water parks to get some business when the parks are not open.

Great Adventure is one of the largest and highest attended seasonal amusement parks in the country. It offers some of the tallest and fastest coasters in the world. It is a destination park, and yet while marketing it as such wouldn't be necessary to fill on-site hotel rooms, it wouldn't hurt either.

:D I am LMAO right now. :D


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Thursday, January 20, 2011 3:18 PM

As I said (and was apparently ignored), they were zoned for the hotel, and from what I recall reading, there have been utility issues thus far among other things.

The 1996 plan that was scrapped included a ton of other stuff to do.

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Thursday, January 20, 2011 3:19 PM

It doesn't NEED to have any other amenities to succeed, it has a highly attended park.

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

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Thursday, January 20, 2011 3:21 PM

billb7581 said:
Mainly attended by people who have little interest in staying there overnight.

Link, please?


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Thursday, January 20, 2011 3:27 PM

According to Wikipedia Cedar Fair owns/operates

  • Hotel Breakers (Cedar Point)
  • Breakers Express (Cedar Point)
  • Sandcastle Suites Hotel (Cedar Point)
  • Camper Village (Cedar Point)
  • Lighthouse Point (Cedar Point)
  • Castaway Bay Indoor Waterpark Resort (Cedar Point)
  • Camp Wilderness (
[url][url]
  • )
  • Knottā€™s Berry Farm Resort Hotel (Knott's Berry Farm)
  • Worlds of Fun Village (Worlds of Fun)
  • Carowinds Camp Wilderness Resort (Carowinds)

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Thursday, January 20, 2011 3:28 PM

djDaemon said:

billb7581 said:
Mainly attended by people who have little interest in staying there overnight.

Link, please?

I have anecdotal evidence, just like everyone else in this thread along with the laws of supply and demand.

I posted a link where Six Flags plans to open a hotel there also included a sports arena and a shopping area to rival Downtown Disney.

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Thursday, January 20, 2011 3:31 PM

billb7581 said:
... just like everyone else in this thread...

My bad - I must have been reading a different thread, where others had arguments backed by examples, inside knowledge of the hotel industry, and logically-sound arguments.

Last edited by djDaemon, Thursday, January 20, 2011 3:32 PM

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Thursday, January 20, 2011 3:31 PM
Tekwardo's avatar

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

And you have stats/info to back that up?


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Thursday, January 20, 2011 3:42 PM
LostKause's avatar

billb7581 said:

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

I am a people, and I usually stay at a hotel when I visit that park. If there are just a hundred or so more like me every day, an on-site hotel would fill up nightly.

Why did they even decide to build a water park on the property, if they weren't planning to market SFGAdv as a vacation destination?


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Thursday, January 20, 2011 3:58 PM
pointperson's avatar

^especially a seprate gated waterpark.

I don't see your argument about Cedar Fair's hotels, when talking about Kings Dominion and Dorney. You stated that the hotels near Dominion and Dorney continue to opperate in the red because they benifit the park. My response was that the parks did not opperate those hotels, and I know of no Hilton, Best Western, Marriott, etc. operating a hotel in the red just to benifit a non-affiliated company.

Last edited by pointperson, Thursday, January 20, 2011 5:10 PM

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Thursday, January 20, 2011 4:59 PM

djDaemon said:

billb7581 said:
... just like everyone else in this thread...

My bad - I must have been reading a different thread, where others had arguments backed by examples, inside knowledge of the hotel industry, and logically-sound arguments.

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

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Thursday, January 20, 2011 5:02 PM
Vater's avatar

pointperson said:

You stated that the hotels near Dominion and Dorney continue to opperate in the red because they benifit the park. My response was that the parks did not opperate those hotels, and I know of know Hilton, Best Western, Marriott, etc. operating a hotel in the red just to benifit a non-affiliated company.

You're correct, but what astounds me more than not having those facts straight is that to back up his argument, he speculated that maybe the parks operate the hotels in the red. If that's a valid rebuttal, then so is "maybe there are enough people who go to GAdv who want to stay overnight". I mean, aside from the fact that that's almost positively true...

Raven-Phile said:
I didn't realize you and I were so similar, though. If we cross paths in the near future, I'm buying you a bran muffin.

Very nice thought, I appreciate it...I think I'm gonna hold out, though. Despite the fact that it's taken nearly two and a half years to obtain 20 signatures, I really feel I'm in the home stretch...those 99,980 sigs are right around the corner!

Either that or two and a half years of retention has severely clouded my reasoning...

Last edited by Vater, Thursday, January 20, 2011 5:05 PM
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Thursday, January 20, 2011 6:50 PM

pointperson said:
^especially a seprate gated waterpark.

I don't see your argument about Cedar Fair's hotels, when talking about Kings Dominion and Dorney. You stated that the hotels near Dominion and Dorney continue to opperate in the red because they benifit the park. My response was that the parks did not opperate those hotels, and I know of no Hilton, Best Western, Marriott, etc. operating a hotel in the red just to benifit a non-affiliated company.


Ok I was wrong.

But like I said, how did Great Adventure possibly stay in business for 40 years without a hotel on site? The simple answer is the park is plenty profitable without one. The cost/benefit ratio isn't there apparently.

According to someone in this thread, they are already zoned for a Hotel, why isn't Mariott or Best Western begging Six Flags to put one there?

Let's invoke Ockam's razor here.... an on site hotel wouldn't make any money, perhaps, or inexplicably, noone has acted on this lucrative idea?

It could be something as simple as the exorbitant property taxes around here, or the lack of sufficient wastewater treatment in that area, but it all comes down to money. Adam Smith's invisible hand would have acted at some point in the last 40 years if there was sufficient profit motive to put a hotel there.

Last edited by billb7581, Thursday, January 20, 2011 6:50 PM
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Thursday, January 20, 2011 6:52 PM


You're correct, but what astounds me more than not having those facts straight is that to back up his argument, he speculated that maybe the parks operate the hotels in the red. If that's a valid rebuttal, then so is "maybe there are enough people who go to GAdv who want to stay overnight". I mean, aside from the fact that that's almost positively true...


OK I got a fact wrong... this entire thread is speculation, and enthusiasts trying to play the role of an average family.

I'm still laughing about the 1 hour "road trip" that was so exhausting it necessitated a stayover.

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

Last edited by billb7581, Thursday, January 20, 2011 6:54 PM
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Thursday, January 20, 2011 7:05 PM

Why did they even decide to build a water park on the property, if they weren't planning to market SFGAdv as a vacation destination?

Because it gets hot/humid as hell here in the summer so it would make money.

Clementon Park has a waterpark also.. should they build a Ritz Carlton in Clementon?

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Thursday, January 20, 2011 7:38 PM
kpjb's avatar

billb7581 said:
Dorney is convenient to a fairly large metro area (Bethlehem, Allentown Easton.) There is a possibility someone would want to stay there for reasons other than a theme park.

Wait... I thought your argument was that SFGAdv was convenient to a fairly large metro area (Philly, AC, NYC) and therefore there is no possibility that someone would want to stay there.

Now I'm confused.


Hi

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Thursday, January 20, 2011 7:54 PM

Wait... I thought your argument was that SFGAdv was convenient to a fairly large metro area (Philly, AC, NYC) and therefore there is no possibility that someone would want to stay there.

Now I'm confused.

You are confused, because that's not what I said.

Great Adventure is a short car ride (under 2 hours) for 30 plus million people.

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's not some great mystery why there is no hotel there. I'm pretty sure Jim Reid-Anderson is aware of this fact. If the benefit outweighed the cost, there would be one.

Last edited by billb7581, Thursday, January 20, 2011 7:57 PM
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Thursday, January 20, 2011 9:29 PM
Lord Gonchar's avatar

billb7581 said:
It's not some great mystery why there is no hotel there.

It's not?

Seems no one posting in this thread knows why.


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