Having personnel that were previously employed by Disney and Universal the company has developed plans for an all new destination resort theme park including designs for five all new unique rides. The company has also acquired the design specifications and rights to a host of other rides from existing theme parks that the company will put their own unique brand on.
Additionally the company has agreements in place with approximately 250 restaurants and food vendors to be incorporated into the parks. The company has also signed agreements with two destination resort hotels to be incorporated into the parks and is in the design stages of multiple boutique hotels to also service the parks. To round out the destination resort experience, the company has detailed plans and specifications for an 18 hole championship golf course. The theme of the park is to be based on a well-known brand and will be announced at a later date.
For the development of the parks, the company is currently in negotiations with multiple financing entities and expects to have the funding in place to begin construction in the very near future.
Revenues at existing U.S. theme parks have been on steady increase of 3.6% in each of the past two years after a 4.5% jump in 2010 and are expected to reach a record $13.4 billion this year, according to research firm Wall Street Daily. 131.6 million people visited theme parks last year and this acquisition positions IACH to become a major player in this growing industry.
After the announcement, the company also created a new website for this new company, which is now just a static page with some very amateur-like logos:
- Information Architects Corporation is the company behind this major project;
- The Information Architects Corporation acquired The Dakota Creative Group, LLC in 2013;
- Information Architects Corporation also acquired the 'Legacy Animation Group'.
- The project for the Orlando area includes hotels, shops, a golf course, and a theme park;
- This project is still NOT set in stone, and may be cancelled at any time;
- Planning for the theme park and the surrounding area has already started.
Do you think Orlando could use another (quality) theme park that could possibly create even more competition, or is this market getting close to saturation? Make sure to share your comments with us.
As long as it tries to rival with Disney and Universal in the sense that it's going to be highly themed but does take a new direction I'm in.
For now it's all extremely vague.
I'm interested in what may be the "five all new unique rides". The more parks, the more competition, the more tourism, the better. The only thing missing in Orlando is a "thrill" park. Bring it on.
I think that both Disney and Universal need some stiff competition. They are too complacent and take advantage of the guests with extremely high prices and special advantages to those staying at their hotels. Let's see some direct competition.