It’s undeniable that The Walt Disney Company is quite extensive in its reach, and this expansiveness is evident not only in their entertainment ventures but also in the hotel industry. Given their wealth of experience, economies of scale, and knack for delivering value to both guests and shareholders, one might expect them to excel in cost-effective and swift operations.
Or would you, based on recent years’ experience?
As a fervent advocate for the exploration of similarities between different entities, I’ve taken it upon myself to compare another colossal entertainment-and-resort hotel conglomerate, once linked with the iconic Mouse brand, to shed some intriguing light on our shared traits. The findings have left me both astonished and unsurprised.
Here’s the article that set me on this path.
As a dedicated cinephile, I’d affirm that the MGM Grand, with its intricate corporate transformations since Kirk Kirkorian established the initial hotel (now rebranded as Bally) on the Las Vegas Strip in 1973, is undeniably a global powerhouse. In fact, they’ve even dabbled in grandiose projects like constructing a theme park right at this iconic property.
When it’s time for a makeover of their largest property with more than 4,000 rooms and suites, that certainly calls for a substantial undertaking.
It appears that the time has come for a change, and MGM Grand is investing $300 million to carry out this transformation. This will significantly overhaul the 4,212 rooms and suites in its main tower (additional spaces have undergone more recent renovations), and in the process, they’ll be adding 111 new suites, raising the hotel’s total suite count to 753.
1. How much time is needed for this grand reconstruction, and for how long will non-discouraging construction walls in colors other than the usual go-away green remain, potentially perplexing and demotivating gamblers?
or simply:
2. How long until this major rebuild is done, and for how many years will there be construction walls in colors other than the traditional green, causing puzzlement among bettors?
or more colloquially:
3. When do we wrap up this big project, and how long are we gonna have those non-green construction walls confusing the crap outta gamblers for?
As I sit here, eagerly anticipating the premiere, I’m thrilled to announce that the refurbished rooms will become accessible from March onwards! The transformation process is well underway and by the end of this very year, every room in the establishment will be ready for your enjoyment. So, mark your calendars and get ready for an unforgettable cinematic experience!
In addition, there will be a “Netflix Bites” restaurant inspired by their shows, as well as a brand-new pool club.
Apart from what’s already mentioned, we’ll have a restaurant called “Netflix Bites,” themed around their programs, and a fresh pool club too.
To avoid any calculations on your part, let me clarify that the overall expense has been calculated, and when you divide the total cost by the number of impacted rooms, it amounts to approximately $70,000 per room. This figure includes labor, materials, design fees, and other associated costs.
SO the question is this: IF this was DISNEY…..how long would it take and how much would it cost?
It’s unclear for certain, but considering the costs of previous and ongoing Disney hotel ventures such as DVC, along with the slow-paced renovations that some might find hard to label as progress, we can make educated assumptions about future project costs and timelines.
So…that begs the question: Why?
Why is it that MGM Grand appears to be able to execute such large-scale projects quickly and at relatively low cost compared to Disney, even with the assistance of firms like Gensler?
Delving deeper into that article, you’ll uncover an interesting parallel: it turns out I hold shares in both of the major corporations mentioned on Wall Street.
Blackstone.
Yep. Them guys.
Fundamentally, beyond the debate of competent versus incompetent management, as evident throughout the Bob Era, it boils down to my classic, albeit humorous, inquiry regarding enlightenment and psychologists: “Who is enlightening the enlighteners and healing the healers?
“How many psychiatrists does it take to change a lightbulb?”
“Only one, but the bulb has to really WANT to change.”
Lesson concluded…at the very spot where, more recently, all discussions regarding the management of our once cherished Disney Company have taken place.
Read More
- EigenLayer restaking protocol’s slashing testnet now live
- FIL PREDICTION. FIL cryptocurrency
- Grantchester season 9 cast: Meet the characters in ITV drama
- Whales and retail traders keep Arbitrum from falling — Here’s how
- 3 Spider-Man Villains That Should Appear in the Next PlayStation Game
- EastEnders airs huge Cindy Beale update in early iPlayer edition
- RLC PREDICTION. RLC cryptocurrency
- Coronation Street’s Colson Smith breaks silence on when he was told about Craig Tinker’s axing
- Looks Like DOOM 64 Is Getting a Native PS5 Port
- POL PREDICTION. POL cryptocurrency
2025-01-25 19:55