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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Six Flags earnings grow $13M in first-half 2013
 
A. Lee Graham
Reporter
 
Six Flags Entertainment Corp. of Grand Prairie has announced a record $451 million in revenue for the first six months of 2013, representing a $10 million, or 2 percent, increase over the same period a year earlier.
After adjusting 2012 for $3 million of insurance proceeds related to Hurricane Irene, the percentage increases to 3 percent.
Adjusted earnings before interest, taxes, depreciation and amortization for the same six-month period was $100 million, a $13 million – or 15 percent – increase after adjusting for insurance proceeds and the 2012 sale of the company's minority interest in a non-core company investment.
"I am pleased with our record year-to-date financial performance, despite cooler temperatures and unprecedented levels of precipitation at our Eastern and Midwestern parks during the second quarter," said chairman, president and CEO Jim Reid-Anderson in a news release.
"Our exciting new attractions and all-time high guest-satisfaction ratings have propelled our performance to new highs,” said Reid-Anderson, who said the company is “on track” to deliver $500 million of modified earnings before interest, taxes, depreciation and amortization, or about $3 of cash earnings per share, by 2015.
Total guest spending per capita grew 46 cents, or 1 percent, in the second quarter to $39.52, with admissions revenue per capita increasing 61 cents, or 3 percent, to $22.59 and in-park revenue per capita decreasing 15 cents, or 1 percent, to $16.93. In the first six months of the year, total guest spending per capita grew 36 cents, or 1 percent, to $39.74, with admissions revenue per capita increasing 56 cents, or 3 percent, to $22.62 and in-park revenue per capita decreasing 20 cents, to $17.12. Attendance for the first six months increased 1 percent to 10.7 million guests.
Six Flags Entertainment Corp. operates 18 parks across the United States, Mexico and Canada. More information is available at www.sixflags.com.
 
lgraham@bizpress.net

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