15 Quotes by John Emery
- Author John Emery
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With the opening of these developments, we will have more than doubled the size of our operating resort portfolio in about three years. With the cash we recently received from the sale of two resorts to the joint venture with CNL and our strong operating cash flow, we are well-positioned to stay on track to begin at least two new projects a year, as well as selectively add condominiums and/or additional rooms and expanded facilities at existing resorts.
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We have never looked at exiting that asset. I want to be perfectly clear on that.
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From time to time, we intend to monetize the value of our more mature assets, and use the proceeds to fund new development and for other corporate purposes. This strategy efficiently recycles our investment capital to our future development program and allows us to retain a substantial ownership stake and establish a more stable income stream of licensing and management fees.
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Whatever situation they wind up in, their business model will continue. They do a great job running their business.
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We looked at several other cities in Texas but liked all of what we saw in Grapevine. It's a family-oriented historic town, and that's what set them apart.
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Last summer we cut a check to Waterville for $4,000, ... We'll cut checks from the drug forfeiture account to the agencies for whatever their share is in the forfeiture.
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Most of our resorts do enjoy other things around that help drive the attraction to the area, and we are just now seeing at the (South) Pier things just now starting to open up, and it will help give a vibrancy to the area that will help everybody down there.
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With the demand that we're seeing right now in (the Williamsburg area) market, I'm very, very glad that we put this project in place. It really is probably going to be perfect timing, in terms of meeting the demand that we're seeing down there, and also offering an expanded guest amenity package.
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We focus strictly on family entertainment and the water park is the big draw.
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