Ardent Leisure Group
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The Ardent Leisure Group Specializes in Vacation Properties
Ardent Leisure Group (ASX: AAD) is a real estate investment trust investing in commercial real estate devoted to leisure activities principally under the brand names Dreamworld, WhiteWater World, d'Albora Marinas, AMF and Kingpin Bowling, Goodlife Health Clubs, and Main Event in the United States.
Ardent Leisure used to be part of the Macquarie Group and was known as Macquarie Leisure Trust Group and listed under ticker symbol MLE. On August 31, 2009 it internalized its management and separated from Macquarie Bank.
Therefore, Ardent Leisure Group will suffer ups and downs with the rest of the economy. Vacation time will go down when the economy slows, as of right now, but it will go up again when people have more money.
Next: Abacus Property Group -- commercial properties and funds management
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