American Place Performance
American Place, despite being in a temporary structure, made $7.7 million of EBIT, a 13.3% increase over the third quarter of last year, and a 17.6% increase in revenues.
Positive Outlook for Chamonix
Chamonix is expected to have significant revenue growth potential, leveraging a successful grand opening weekend and new advertising efforts. Occupancy has already improved to over 80%.
Successful Sale of Stockman
The sale of Stockman at an 11.5x EBITDA multiple was achieved, indicating strong valuation and strategic portfolio management.
Rising Star New Management
A new General Manager with a strong background was appointed to Rising Star, and the property showed meaningful improvements in both revenue and EBITDA in October.