Vince, you need to go to business school. The resorts (at CP and Knott's) are doing fabulous. Shoot, why do you think that the Great Bear Lodge people chose Sandusky as their first location away from the Dells?
Those hotels are the real potential for growth in the company. How much impact do you think a new ride has on the bottom line? Let's just assume the park does 3 million visitors a year. Many of those are on Annual Passes but for argument's sake, lets assume 3 million times $30 admission (for easy math). That is $90,000,000. Say a new coaster contibutes %5 growth. That is an extra 150,000 people x $30 = $4,500,000. 4.5 million dollars.
Now, Sandcaste Suites has 187 rooms and let's just say the going rate averages $150 per night (which is low). That is $28,050 per night. Multiply that by 100 nights. That is $2,805,000 per season. BUT...those people also need park tickets so 4 people per night x 187 rooms x 100 nights = 74,800 people x $30 = $2,244,000.
Now we have $2,805,000 in room revenue plus $2,244,000 in park tickets = $5,049,000 in revenue vs. $4,500,000 with the new ride.
Now, here is the kicker...the park will not sustain a 5% growth in admission tickets every year, no matter what coasters they put up. If you have seen industry figures they are roughly 3.5 million visitors annually. But, Sandcastle will have the same occupancy rates next year, and the year after, and so on...get the picture?
Granted, this does not take into account in park spending but let's assume that would be a wash between park guests and resort guests. The resort guests are also going to buy tickets to Soak City much more often than a park guest. They will also likely eat breakfast, lunch and dinner all days they are there.
End of math lesson. If CP made a mistake with resorts than I guess the Disney people are a bunch of idiots too.