FF&E for Water Parks

[Funky Obsolescence]

Disclaimer. I understand that each property is unique and costs are specific to each development. But I'm curious is anyone has seen any general trends regarding the split between FF&E and real estate for water parks. For example, a general guide for hotels could be 20% to 30% of the total value could be attributed to the FF&E. This excludes any intangible/business value. This is based on tax court decisions and obviously could be debated on a case by case basis. Any thoughts? Thanks.

 

[Jwalker]

Boy that s**t is EXPENSIVE! Commercial playground/waterpark equipment was probably the biggest sticker shock I've ever had outside of specialized industrial/tech equipment. I'm sure M&S has an allowance or whatever but this website is one of the one's I looked at for playground equipment that also does water park stuff. Their prices do not include installation. https://willygoat.com/collections/commercial-water-slides?view=products

 

[Funky Obsolescence]

Thanks. That is helpful info!

 

[Jwalker]

Thanks. That is helpful info!

No problem! Love the username btw lol

 

[Terrel L. Shields]

So what is the FF & E? I mean if it is fixed in place, then it is RE. I guess I don't know enough about the kind of water parks you are talking about.

Our water parks are usually owned by the city and might vary from river rafting to a swimming pool. But if you are talking a for-profit water slide set up, etc. I don't see very much as FF & E.

 

[Funky Obsolescence]

That is a great question. I'm under the impression that fixtures that can be removed are considered FF&E. So slides, rides, pumps/machinery.

 

[Terrel L. Shields]

Fixtures attached are real property. Trade fixtures are attached by a renter and are personal property and can be removed by the renter.

 

[andrew81]

This is completely out of my competency, but just a thought. Is it a smaller water park, basically a large swimming pool with a few slides, or is it a large water park like one at six flags?

I've seen smaller water parks at campgrounds and hotels converted to other uses. If a small water park that could have other uses, then it is FF&E. If a larger water park that the slides are essential to the function of the property then it is part of the real estate.