SerengetiGuide
Well-Known Member
Heard from a fairly reliable source that insurance payout was $1.5 mill (or $1 mill, I forgot but know it was 7 figures) and then they sold it for $250,000.
Coast Guard warns of explosive hazard after barge runs aground on Haida Gwaii
- Thread starter agentaqua
- Start date
walleyes
Crew Member
Yup,, lol not hard to tell why they didn't rebuild it. You know how many years it would take them to clear that much money on that little lodge.
Take the money and put it into the other operations, not a hard decision to make I would think.
california
Well-Known Member
I think someone previously had posted they were paid out somewhere around $1million, which would not come close to replacing a lodge like that. Maybe 1/2 of the replacement cost. I think it was the same as the one at Englefield, which has a capacity of 46, at over 5K per trip the revenue potential at capacity was $6 million.
Islander57
Well-Known Member
I think the Hippa Lodge used to be the Whale/Milbanke Sound lodge.
littlechucky
Crew Member
Hippa used to be in Tasu.
The milbanke lodge became a wilderness lodge on Haida Gwaii.
So WCR is down to 1 lodge now.
Capt_Ed
Crew Member
So with CQA gone from Hippa last year and now WCR gone this year there's no lodge at Hippa. I spent 9 years as Captain and Fish master at CQA at Hippa and it makes me sad there's no one there to enjoy this Magical place. Wish I could strap about 10 barrels of gas on my Trophy and make a run for my old summer home
walleyes
Crew Member
By the looks of things the last few years that lodge game is getting to be a tough business to be in. Numbers up front may look good but huge expenses involved in running operations the size of some of these places. I think the family ran couple cabins and a boat or two operations make a decent living for themselves but it's a tough game trying to run an operation the size of some of these places based on a 4 month working season.
I've sat down and have went over the feasibility of a couple mid sized lodges that have went up for sale over the last few years and having the knowledge of being self employed for the better part of the last 25 years and running a couple different businesses. I couldn't make them work for me.
I've sat down and have went over the feasibility of a couple mid sized lodges that have went up for sale over the last few years and having the knowledge of being self employed for the better part of the last 25 years and running a couple different businesses. I couldn't make them work for me.
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walleyes
Crew Member
I don't know if it is easy money, who knows. They didn't get the place for free they had to build or buy it, maybe they were in to it for more money than that only they know. I know this, if it was a cash cow and a huge money maker they would be rebuilding not shutting it down.
Aces
Well-Known Member
Sorry that was sarcasm
Bamfield Fishing
New Member
Would have to agree. They operate a number of other businesses and may have plans for more so they may have decided that cash could be better invested in something else they are doing. The Lodge seemed like a well run business, I would have to think it was profitable but there is more to such capital allocation decisions, and running fishing lodges may not be in their long term vision.
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