• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Who will buy Busch Gardens in Williamsburg VA ?

A new report in the British newspaper The Telegraph said Blackstone Capital Partners, the major shareholder of Universal Orlando Resort, is one of the companies looking to buy Busch Entertainment once Anheuser-Busch is purchased by InBev.

Busch Entertainment owns SeaWorld, Aquatica and Discovery Cove in Orlando, as well as Busch Gardens and Adventure Island in Tampa, Busch Gardens/ Williamsburg VA  among other theme parks around the country.

Blackstone is reportedly a U.S. private equity firm that owns 50 percent of Universal Orlando Resort and is also a major shareholder in the company that runs the London Eye, wax museums and other attractions.

Busch Entertainment said they did not know about the report, and could not comment.

 

The likelihood is growing that Anheuser-Busch InBev will sell off Busch Entertainment as a non-core asset needed to help pay back a $7 billion bridge loan due in a year. But who will buy it?

The answer, as with Anheuser-Busch itself, may lie across the Atlantic Ocean.

Suitors based in the U.S. seem unlikely. Six Flags, known to have looked at land in the Historic Triangle years ago, has considerable debt, along with a recent deal to develop theme parks in Dubai.

Ohio-based Cedar Fair Entertainment paid $1.24 billion nearly two years ago to buy five parks from Paramount, including Richmond’s King’s Dominion. It, too, has much debt to pay off.

That leaves Walt Disney, which Williamsburg Planning Commission member Doug Pons and fellow hotelier Chris Canavos promoted in a television interview earlier this week. But Disney typically develops its own parks and resorts rather than buying up existing facilities.

With one near exception.

After the 1994 failure to build Disney’s America in Northern Virginia, Disney execs attempted to buy Knott’s Berry Farm in California, not far from Disneyland. The park’s replica of Independence Hall provided a good backdrop for the Disney concept, which was to tell American history.

The deal fell through, partly because of the logistics of transporting Disneyland guests to Disney’s America. Then the Knott family refused to sell, fearing changes Disney might make to the original park. Ohio-based Cedar Fair Entertainment bought the park two years later.

Rekindling the idea of bringing Disney back to Virginia is the conservative political blog Virginia Virtucon.

Here’s what a blogger identified only as Riley had to say in a post Thursday.

“Obviously, the prospects for this project happening are not completely dead, and reportedly many at Disney still believe this project’s ‘time will come,’” Riley wrote. At Busch Gardens, “you have a location that is already zoned for a theme park, has proven to be very successful in that capacity, and the necessary infrastructure is largely already in place. Furthermore, local businesses and residents support a theme park in this location.”

Pons agrees.

“I am convinced Disney is a viable option,” he said. “If packed properly, they could create an amazing resort here.”

Industry experts, however, think an overseas buyer is more likely.

“There are some deep-pocketed players overseas,” said Paul Ruben, North American editor for the England-based Park World Trade Magazine, in a Tuesday interview with the Associated Press. He echoed analyst predictions that Busch Entertainment could reap between $4 billion and $5 billion.

Ruben named England-based Merlin Entertainment Group and Spain’s Parques Reunidos as possible suitors.

Merlin —Owns more than 50 attractions worldwide, including four in the United States: A Legoland park in California, and Madame Tussauds wax museums in Las Vegas, New York and Washington.

The bulk of Merlin’s holdings are in its 26 Sea Life parks, which it bills as the “No. 1 aquarium brand in the world, and No. 2 visitor attraction brand in Europe.”

It also operates theme parks, including Thorpe Park in England, Heide Park in Germany and Gardaland in Italy. It also owns the famous London Eye ferris wheel.

Most compelling about Merlin, however, is its Alton Towers resort in the United Kingdom, which offers a theme park, two hotels, water park, spa, conference center and golf.

Parques Reunidos —Owns 67 attractions, and boasts itself as the second largest owner of “leisure parks” in Europe. It has a much bigger presence (30 properties) in the United States, and touts its recent expansion in the west. Parques’ Boomer’s and Mountasia brands are small “family entertainment centers” with miniature golf, cart racing and bumper boats, with more than a dozen in California and a handful in southeast states.

It also owns multiple theme parks, though its U.S. parks — Kennywood, Idlewild, Lake Compounce and Story Land —are all older parks in the northeast. Parques owns much larger modern parks in Europe, including one in Belgium, the home of InBev.

For further information about golf course homes,  real estate , homes, communities, developments, neighborhoods or building lots in Williamsburg, James City, New Kent, Gloucester or York County Virginia  contact:

John Womeldorf/ REALTOR

Liz Moore & Associates 757 254 8136

John@MrWilliamsburg.com  email

www.MrWilliamsburg.com/  Williamsburg VA Real Estate website

www.MrBurg.com Williamsburg Va Real Estate website  

www.MrHamptonroads.com/  Hampton Roads Va Real Estate website

www.MrTidewater.com/  Tidewater VA Real Estate website

www.MrVaBeach.com/ Va Beach Va Real Estate website

  

Williamsburg Real Estate Resource. Search for Homes & Land for sale in Williamsburg Virginia & surrounding areas  click here :CLICK HERE WILLIAMSBURG VA MLS HOME SEARCH

  CLICK HERE FOR Real Estate Home Search  Tidewater Hampton Roads Va 

  

My other area Real Estate and Information Blogs for Hampton Roads/ Tidewater/ Williamsburg Virignia and surrounding areas

Williamsburg Real Estate Blog II

Williamsburg Real Estate Blog

Williamsburg Happenings/ Events Blog

 Page copy protected against web site content infringement by Copyscape

 

      

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: