Construction progress on Wanda Jinan Cultural Tourism City
Wanda Mall (includes indoor mall, ocean park, waterpark and snow park)
Outdoor theme park
Source: https://mp.weixin.qq.com/s/avzqt3qjnylWaFUGEVv2ig
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Construction progress on Wanda Jinan Cultural Tourism City
Wanda Mall (includes indoor mall, ocean park, waterpark and snow park)
Outdoor theme park
Source: https://mp.weixin.qq.com/s/avzqt3qjnylWaFUGEVv2ig
Groundwork on Wanda Jinan Culture, Sports and Tourism City continues...
In the second photo the big blue rectangle on the left is where the indoor mall, ocean park, waterpark and snow park will be located and the big red rectangle to the right of it will be the outdoor theme park. (see this post for concept art: https://www.themeparx.com/wanda-group-theme-parks/?p=11959#post11959)
Source: https://mp.weixin.qq.com/s/XKok9jHo7hPOQhAr0IIijQ
New aerial images show the construction progress of Wanda Jinan Culture, Sports and Tourism City, which will include an outdoor theme park and indoor water park, ocean park (aquarium), and snow park. The tourism resort is on track for a completion in 2020/2021.
More recent concept show how the designed has evolved over time (https://www.themeparx.com/wanda-group-theme-parks/?p=10410#post10410)
Sources: https://www.xuehua.us/2018/03/28/%E6%8B%BF%E5%9C%B09%E4%B8%AA%E6%9C%88%E4%B9%8B%E5%90%8E%EF%BC%8C%E6%B5%8E%E5%8D%97%E4%B8%87%E8%BE%BE%E6%96%87%E6%97%85%E5%9F%8E%E5%AE%9E%E9%99%85%E8%BF%9B%E5%BA%A6%E5%A6%82%E4%BD%95%E4%B8%8B%E6%89%B9/ and http://jn.loupan.com/loupan/jinanwandacheng/xiangce/1_n270983.html and http://news.sina.com.cn/o/2017-08-24/doc-ifykiqfe1191823.shtml
Earlier this week construction began on Wanda Guilin Cultural Tourism City!
Source: http://www.wanda.cn/2017/2017latest_1115/37313.html
Thanks @Stevo71 yes you are correct Jinan park was announced and is listed on top of right column. Xi'an yes was also announced not sure why it was not included in this overview and Wenshang I don't recall at all.
Can anyone give an update on status of Wanda's theme parks/cultural tourism cities in Xi'an and Wenshang?
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.