Menu
Finance

HUIZENGA'S HEARTBREAK HOTEL: RESORT IMPROVEMENTS PLANNED

          NHL Panthers Owner Wayne Huizenga will improve his
     upscale hotels during the next year "to boost Florida
     Panthers Holdings' (FPH) sagging stock," according to Alan
     Snel of the Ft. Lauderdale SUN-SENTINEL.  At FPH's annual
     meeting on Tuesday, Huizenga told 350 shareholders that
     "improving hotel amenities and building new rooms" at the
     company's six resorts "should help boost" the value of
     shares that closed yesterday at $10.13.  The stock hit its
     52-week high of $22.88 in March.  He noted that the
     company's management owns 30% of the stock.  He also said
     that the Panthers are "expected to turn a profit" for the
     first time in their six year history after moving into their
     new arena, the National Car Rental Center.  Huizenga said
     the Panthers are "expected to split off into their own
     public company, apart from the hotel operations" during the
     next two years (Ft. Lauderdale SUN-SENTINEL, 11/18). 
     Huizenga questioned Wall Street's reaction to FPH: "Let's
     add it up: Our company has a positive trend line and a solid
     financial performance.  With these attributes, why doesn't
     the price of our shares reflect these business realities? 
     What is the rationale for Wall Street's lack of support?" 
     He said that Wall Street "is lumping" the company with other
     publicly-held hotel and resort companies.  Goodman notes
     that the company's assets include "more than" 1,000 acres of
     real estate (Cindy Krishcher Goodman, MIAMI HERALD, 11/18). 

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/18/Finance/HUIZENGAS-HEARTBREAK-HOTEL-RESORT-IMPROVEMENTS-PLANNED.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1998/11/18/Finance/HUIZENGAS-HEARTBREAK-HOTEL-RESORT-IMPROVEMENTS-PLANNED.aspx

CLOSE