Guess the Hard Rock Park bankruptcy sale priceHard Rock Park: It's in auction now. What do you think the park will sell for?
From Robert NilesSee the Blog Flume entry on the Hard Rock Park bankruptcy sale to submit your entry.
Posted December 17, 2008 at 12:35 PM
Comments in chronological order. Most recent at the bottom. Scroll down to respond.
From Anthony Murphy$150 Mil
Posted December 17, 2008 at 5:05 PM
From Derek PotterI said it in another thread, but I'll officially enter it here. Given the state of the economy and the banks, and the fact that many companies aren't in shape enough to buy paper, let alone spend millions on a park, I think the price will be uncharacteristically low. The park would fetch at least 100 million a couple of years ago, but this year I say...
Posted December 17, 2008 at 6:23 PM
That being said...anyone who pays 150 mil is probably opening back up. Let's hope for that.
From Anthony MurphyIts just a guess though if somebody wants to reopen it, they can probably get a really good deal on it! So I am sticking with 150 and we will see what happens.
Posted December 17, 2008 at 11:42 PM
From Themepark Guy$35 million plus the promise that the new "owners" will operate the park for 3 years-minimum, and invest the necessary operating cash to make that possible and feasible- $35 plus $10 +$7 +$3 overall investment of $55 million- then re-negotiate.
Posted December 18, 2008 at 8:16 AM
From Joshua Counsil$65 M.
Posted December 18, 2008 at 8:40 AM
From Melissa Faulkner47 million
Posted December 18, 2008 at 9:07 AM
From steve leeDid anybody guess "zero point zero?"
Posted December 18, 2008 at 7:24 PM
Looks like everyone overbid, so no one gets to go to the Showcase Showdown...
From Robert NilesWhere is Ted when we need him? (Scroll down for reference.)
Posted December 19, 2008 at 12:24 AM
From Ben JamesSo Robert, if I call them and bid $1 does that mean I would own Hard Rock Park?
Posted December 19, 2008 at 8:29 AM
From Robert NilesI would love to see them do a no-reserve auction, just to find out a market price. Hey, maybe we could be a player then!
Posted December 19, 2008 at 9:50 AM
FWIW, if I'm InBev or someone at BEC, I can't like this development. If HRP is worth < $35M, that can't help the current market valuation of the Busch theme parks.
Maybe this will convince inBev to hold tight. I hope so. I think they will be pleasantly surprised by their parks' performance and marketing value.
From Chaz BRobert I am going to have to disagree with you on that one. InBev has already laid off over 2,000 AB jobs, the parks have lost several projects due to the new ownership, and with InBev's zero budget way of doing things I am afraid what else the great parks will lose.
Posted December 19, 2008 at 1:23 PM
From Robert NilesThat would be shameful, short-sighted management. The parks could be a cash cow for InBev, and great promotion for InBev brands. It kills me when managers won't see that.
Posted December 19, 2008 at 1:27 PM
From Chaz BIt is a shame, but I agree with you that the bid for the parks right now would be well short of what InBev wants out of the deal. I hope they don't sell the brands seperately.
Posted December 19, 2008 at 1:31 PM
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