Aztar Corporation | Development project managers for MEP portions of an ancillary retail-entertainment facility – part of an integrated themed gaming resort in Atlantic City (New Jersey). The Quarter at Tropicana is an Old Havana-themed enclosed retail center located at the Tropicana Casino Resort in Atlantic City, New Jersey. It contains over 40 stores, nine restaurants, eleven nightclubs, and a spa.
Due diligence for media acquisition, the Metromedia (Metropolitan Broadcasting) acquisition of Foster & Kleiser Outdoor Advertising. Our work included the preparation of Foster & Kleiser consolidated corporate financial projections to support a prospective acquisition by third-party. Work included select due diligence review of information and assumptions suggested by the company’s management, as well as the company’s overall strategic marketing plan for its 3rd-party clients.
Founded in 1901, Foster & Kleiser Outdoor Advertising was outdoor advertising’s original pioneers and have been credited with propelling the industry from simple posters pasted onto any available surface to standardized structures that are uniform, attractive and often feature landscaping enhancements. Our due diligence for this media acquisition documented much of this company innovation as would benefit prospective acquirers. Outdoor advertising includes such media such as billboards, transit vehicles and other types of outdoor signs, including the signs on the outside of businesses. It also includes efforts to promote the company’s products on its own vehicle fleet, even if the effort is limited to brand displays.
As a result of our business planning and transactions advisory support, the company was eventually acquired by a division of Metropolitan Broadcasting called Metromedia, and was ultimately sold to Patrick Media Company. After 85 years of operation under the Foster & Kleiser name, the company was re-named as Patrick Media Group in September 1986. In 1995, Karl Eller and Partners acquired all assets of the company and renamed the business unit as Eller Media Co. In 1997, Eller Media Company became a wholly owned subsidiary of Clear Channel Communications, Inc., now known as iHeartCommunications, Inc. (as of 2014).
StoneCreek Partners’ due diligence for Metromedia (Metropolitan Broadcasting)’s acquisition of Foster & Kleiser Outdoor Advertising.
aec Ayla Oasis | StoneCreek Partners was retained to assist the developer of this $1.4 billion USD mega-development in positioning the island town center portion of the master planned community, along with providing retail-entertainment analytics, tenant mix, and leasing leasing plan. The project’s 18-hole golf course was designed by Greg Norman.
The development is located in Aqaba, Jordan.
Ayla Oasis | As global real estate consultants, we advised the master-planned resort project team for Ayala Oasis. We provided design review, leasing plan, tenanting alternatives, and entertainment programming for resort town center under construction. Focus on re-design and enhancement of the resort’s retail-entertainment village, to improve the shopper experience, retail leasing, length-of-stay, and placemaking appeal.
The development company’s business strategy is based upon establishing Aqaba as a world visitor destination. Aqaba is famed for serving as a location filming area for “Lawrence of Arabia. More recently, Aqaba was on the global map for EDM festivals as the location for the Distant Heat Festival in Wadi Rum (situated outside of Aqaba).
