That's awesome Michael, didn't Wanda also announce parks for Jinan, Xi'an and Wenshang? They aren't on the list, does anyone know what happened to those parks?
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That's awesome Michael, didn't Wanda also announce parks for Jinan, Xi'an and Wenshang? They aren't on the list, does anyone know what happened to those parks?
Here’s an updated overview of what’s in Wanda’s pipeline for the next several years:
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This deal is becoming difficult to understand but it looks more like a reshuffle for their assets that a full scale sell off.
They are passing off the upkeep of the expensive parks and debts to another company whilst shuffling the management to another part of their business to make it look more profitable and make Chairman Wang a lot of money in the process. This makes me think we will see more changes as they try to reduce their debts from building so much in a short space of time.
Wanda Hotel Development, a Hong Kong-listed unit of China’s entertainment to property giant Dalian Wanda group, is to spend $1 billion to buy theme park and hotel management businesses from other parts of the group. Currently under siege, Dalian Wanda says that the moves will make Wanda Hotel an offshore “strategic platform.”Source: http://variety.com/2017/biz/asia/china-wanda-shuffles-theme-park-hotel-assets-1202521561/In a regulatory filing made late at night on Wednesday, Wanda Hotel Development said that it would pay $926 million (RMB6.3 billion) to Dalian Wanda chairman Wang Jianlin’s private company Wanda Culture to buy Wanda Travel. The company is mainly involved in theme park design, construction and operation management.
Wanda Group has announced that it will sell 91% of its cultural tourism city and 100% of its hotel operations to Sunac China Holdings for US$9.3 billion. The deal includes thirteen cultural tourism cities in Wenshang, Nanchang, Hefei (above photo), Harbin, Wuxi, Qingdao, Guangzhou, Chengdu, Chongqing, Guilin, Jinan, Kunming, and Haikou.Source: http://www.inparkmagazine.com/wanda-group-susan/Under the sales agreement, the cultural tourism cities will retain the Wanda name, with design, construction, and management to be continued by Wanda.
China's multinational conglomerate Dalian Wanda Group may be looking at pulling out of its $10 billion real estate project in Haryana.Source: http://www.firstpost.com/business/chinas-dalian-wanda-group-may-scrap-10-bn-haryana-project-on-ownership-row-3411096.htmlThe Wanda group's investment plan, including construction of five industrial and theme parks besides shopping malls, has hit a deadlock after the state government insisted that it be given higher equity ownership in the project
Now that another location has been announced, let's take a look at an updated roundup of all Wanda theme park locations:
Wanda Movie Park (currently closed for "upgrades" as August 2016)
Completion: December 20, 2014
Location: https://goo.gl/maps/3RCHhCgPzQ42
Budget: $1.1 billion
Wanda Xishuangbanna International Resort
Completion: September 26, 2015
Location: https://goo.gl/maps/3TssePpSsmz
Budget: $2.3 billion
Wanda Nanchang Cultural Tourism City
Completion: May 28, 2016
Location: https://goo.gl/maps/LoHaSxKMjv92
Budget: $3.2 billion
Wanda Hefei Cultural Tourism City
Completion: September 24, 2016
Location: https://goo.gl/maps/8ZjtHSqpBmp
Budget: $3.5 billion
Wanda Harbin Cultural Tourism City
Completion: June 30, 2017
Location: https://goo.gl/maps/hoWuJzE1GTR2
Budget: $5.8 billion
Wanda Wuxi Cultural Tourism City
Completion: 2017
Location: https://goo.gl/maps/Gzd91Xqje7L2
Budget: $3 billion
Nanning Wanda Mall
Completion: 2017
Location*: https://goo.gl/maps/sRTapYWvz7D2
Budget: $2.2 billion
Qingdao Oriental Movie Metropolis
Completion: August 2018
Location: https://goo.gl/maps/DVyo6UANhYz
Budget: $7.6 billion
Wanda Guangzhou Cultural Tourism City
Completion: 2018
Location: https://goo.gl/maps/3QGz7PAsCew
Budget: $7.2 billion
Wanda Chengdu Cultural Tourism City
Completion: 2018
Location: https://goo.gl/maps/jvC3pN9sPBp
Budget: $7.6 billion
Wanda Guilin Cultural Tourism City
Completion: 2020
Location*: https://goo.gl/maps/g4ev7wLxLB52
Budget: $2.5 billion
Wanda Chongqing Cultural Tourism City
Completion: 2020
Location: https://goo.gl/maps/hoFrpemzca12
Budget: $8 billion
Wanda Haikou "shopping complex"
Completion: Late 2020
Location: Unknown
Budget: $7.2 billion
Wanda Jinan Culture, Sports and Tourism City
Completion: 2021
Location: Unknown
Budget: $9.45 billion
Urumqi Bainiao Lake Wanda City
Completion 2021
Location: Unknown
Budget: $1.4 billion
Wanda Xi'an Cultural Tourism City
Completion: Unknown
Location: Unknown
Budget: $7.3 billion
Outside China:
Gold Coast, Australia: http://www.theaustralian.com.au/business/property/wanda-group-sets-sights-on-new-gold-coast-theme-park/news-story/8f2c82a6557960b409e35d8d39ecd6f7
http://www.goldcoastbulletin.com.au/entertainment/billionaire-plans-to-open-jurassic-theme-park-on-the-gold-coast/news-story/53a76ee67503957d7d5a6e2f7671e447
Paris, France: https://www.bloomberg.com/news/articles/2016-02-24/china-s-richest-man-said-to-be-planning-france-retail-project
http://disneyandmore.blogspot.co.uk/2016/02/breaking-news-chinese-billionaire-wang.html
Source: BlooloopWanda have begun construction of the 17th Wanda City Project – Urumqi Bainiao Lake Wanda City.
The*mega-size cultural tourism project is planned to open in 2021. The development will include*eco-friendly planning and design as well as*cultural elements relating to*Xinjiang. *Amusement facilities will include indoor and outdoor theme parks, an indoor aquarium (including an ocean animal show), an indoor water amusement park*and hotels.
By browsing through the web I found another Wanda theme park. It is indoor, but infact it is just an artwork from the "Sanderson Group" and it is located in Changbaishan. Here is the artwork:
Source: https://www.sandersonintl.com/wp-content/uploads/2016/05/WANDA-1024x400.png
I've developed a bit of a morbid fascination with these Wanda theme parks. I'm visiting China and was thinking I'd check one out. Which one would be their supposed 'best' park? I'll be visiting Shanghai Disney as well to note the 'contrasts', shall we say.