BruceK
Moderator Emeritus
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- Oct 31, 2011
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The d`Albora Marinas business has been sold by its owners, Ardent Leisure, for $126M, exceeding the book value of $113.5M.
Ardent Leisure put the marinas on the market as an activity which was outside its core business, namely, operating entertainment leisure fun parks.
That predated, and is quite unrelated to, the recent unfortunate event at Dreamworld on the Gold Coast in Qld. 4 people were drowned or crushed to death when a raft they were riding on waves over an underwater conveyor line overturned, leading to the closure of the entire park for weeks and closure of the raft ride amusement forever.
D`Albora Marinas operated at the high end of marinas, offering good facilities and well maintained properties, often attracting larger boats.
Ardent Leisure put the marinas on the market as an activity which was outside its core business, namely, operating entertainment leisure fun parks.
That predated, and is quite unrelated to, the recent unfortunate event at Dreamworld on the Gold Coast in Qld. 4 people were drowned or crushed to death when a raft they were riding on waves over an underwater conveyor line overturned, leading to the closure of the entire park for weeks and closure of the raft ride amusement forever.
D`Albora Marinas operated at the high end of marinas, offering good facilities and well maintained properties, often attracting larger boats.