Parques_Reunidos

Parques Reunidos

Parques Reunidos

Spanish entertainment operator

Parques Reunidos (meaning "Reunited Parks") is an international entertainment operator based in Madrid, Spain. The group operates over 60 parks in about dozen countries. Parques Reunidos operates theme and amusement parks, zoos, water parks, family entertainment centers, and cable cars. These facilities are located in Spain, Belgium, Norway, the Netherlands, Denmark, the United Kingdom, Germany, France, Italy, the United Arab Emirates, Australia and the United States. Through acquisitions of established names such as Kennywood Entertainment Company, Dutch Wonderland and Palace Entertainment, Parques Reunidos greatly expanded its presence in American amusement operations beginning in 2007 through today. Annual visitors to the group's attractions exceed 22 million, with revenue exceeding $570 million (USD). In 2008 it had the fifth-highest attendance figures for worldwide chains with 24.9 million, ahead of United Parks & Resorts and Cedar Fair.[1]

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Palace Entertainment

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Palace Entertainment is a subsidiary of Parques Reunidos based in Pittsburgh, Pennsylvania and is primarily involved in the operation of attractions in the United States.

Palace Entertainment was established in 1998, after the acquisition of four independently owned family entertainment companies. These four companies consisted of five brands: Camelot Parks, Palace Park, Boomers!, Grand Prix Race-O-Rama and Family Fun Center.[2] In the early 2000s the company purchased various Water Parks and Family Entertainment Centers.[3]

On February 27, 2006, it was announced that MidOcean Partners was to acquire Palace Entertainment. This transaction occurred in the second quarter 2006.

On August 24, 2007, MidOcean Partners sold Palace Entertainment to Parques Reunidos for $330 Million. This transaction took place in the third quarter of 2007.[4]

Fernando Eiroa joined Palace Entertainment in 2007, serving as president and chief executive officer.

On December 11, 2007 Kennywood Entertainment Company entered an agreement to sell their Five Properties (Kennywood, Idlewild and Soak Zone, Sandcastle Waterpark, Lake Compounce and Story Land) to Palace Entertainment's parent company Parques Reunidos. By 2009 Palace had taken over operations of all five parks.[5]

On November 12, 2010, Palace Entertainment announced the acquisition of Dutch Wonderland Family Amusement Park in historic Lancaster County, Pennsylvania, from Hershey Entertainment and Resorts Company.[6]

On March 2, 2012, Palace Entertainment announced the acquisition of Noah's Ark Water Park in Wisconsin Dells, Wisconsin.[7]

In 2014 Palace Entertainment acquired Miami Seaquarium in Key Biscayne, Florida.[8]

Later that year Palace Entertainment sold 15 properties to the newly formed Apex Parks Group Including Big Kahuna's, 10 Boomers locations as well as an additional Family 4 Entertainment Centers. This was in an effort to move away from Family Entertainment Center operations for Palace Entertainment.[9]

In March 2020 it was announced that Palace Entertainment would open a new corporate facility near the Kennywood property. This new facility will house 25 executives as well as their East Coast team.[10]

In December 2021 Palace Entertainment would acquire Adventureland in Altoona, Iowa.

Amusement parks

The entrance of Mirabilandia, Ravenna, Italy
Polar bear at Marineland of Antibes, France

Parques Reunidos currently operates 17 amusement park properties across three continents and nine countries.

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Zoos, aquariums and nature parks

Parques Reunidos currently operates 15 zoos, aquariums and nature parks across two continents and six countries.

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Water parks

Parques Reunidos currently operates 21 separately-gated water parks across three continents and eight countries.

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Family Entertainment Centers

Parques Reunidos currently operates six family entertainment enters in the United States, Spain and the United Kingdom.

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Lodging and other ventures

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Cable cars

The company operates one cable car in Spain.

Former properties

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References

  1. [1]
    "2008 Attraction Attendance Report" (PDF). TEA/ERA. Archived from the original (PDF) on July 11, 2009. Retrieved October 13, 2009.
  2. [2]
    DreamEast (May 20, 2015). "DreamEast Signs Strategic Partnership Agreement With Palace Entertainment". PR Newswire (Press release). Archived from the original on Apr 4, 2023. Retrieved 2020-11-11.
  3. [3]
    "Festival Fun Parks". U.S. Securities and Exchange Commission. Retrieved 2020-11-12.
  4. [4]
    "MidOcean Partners Announces Sale Of Palace Entertainment To Parques Reunidos". MidOcean Partners. 2007-08-24. Retrieved 2020-11-11.
  5. [5]
    "New Chapter in Kennywood Entertainment History Announced" (PDF). Kennywood Entertainment. 2008-05-11. Archived from the original (PDF) on 2008-05-11. Retrieved 2020-11-11.
  6. [6]
    Palicki, Martin (12 November 2010). "Hershey Entertainment & Resorts Company Announces Sale of Dutch Wonderland to Palace Entertainment". InPark Magazine. Retrieved 2020-11-11.
  7. [7]
    [email protected] | 608-252-6148 | @madnewsboy, BARRY ADAMS | Wisconsin State Journal | (2 March 2012). "Noah's Ark sold to California company". madison.com. Retrieved 2020-11-11.{{cite web}}: CS1 maint: numeric names: authors list (link)
  8. [8]
    "California theme park company to buy Miami Seaquarium". Miami Herald.
  9. [9]
    "Palace Entertainment sells 14 entertainment centers and water park". Los Angeles Times. 2014-09-19. Retrieved 2020-11-11.
  10. [10]
    Goulding, Gage (2020-03-07). "Kennywood's parent company opening corporate facility in Pittsburgh area". WTOV. Retrieved 2020-11-11.
  11. [11]
    "BELGRANO & CO has advised the shareholders of Vogelpark Walsrode GmbH on the sale to Parques Reunidos S.A." (PDF).
  12. [12]
    [email protected] | 608-252-6148 | @madnewsboy, BARRY ADAMS | Wisconsin State Journal | (2 March 2012). "Noah's Ark sold to California company". madison.com. Retrieved 2020-11-12.{{cite web}}: CS1 maint: numeric names: authors list (link)
  13. [13]
    Strugatch, Warren (2001-05-20). "Places for Swinging, Splashing, Thrashing (Published 2001)". The New York Times. ISSN 0362-4331. Retrieved 2020-11-12.
  14. [14]
    "Emerald Pointe sold to nation's largest water park operator". wfmynews2.com. 10 July 2002. Retrieved 2020-11-12.
  15. [15]
    Writer, AMY JOYNER Staff (9 July 2002). "EMERALD POINTE GETS NEW OWNER\ THE COMPANY PLANS SMALL CHANGES TO IMPROVE THE WATER PARK EXPERIENCE". Greensboro News and Record. Retrieved 2020-11-12.
  16. [16]
    "Parques Reunidos completes Wet'n'Wild Sydney acquisition - Australasian Leisure Management". www.ausleisure.com.au. Retrieved 2020-11-12.
  17. [17]
    "Cartoon Network Will Open Its First Hotel Next Summer in Pennsylvania". 30 October 2018. Retrieved 2020-11-12.
  18. [18]
    Writer, KEVIN STAIRIKER | Staff (10 January 2020). "Cartoon Network Hotel opened today; here's what to know before you go". LancasterOnline. Retrieved 2020-11-12.
  19. [19]
    "Flamingo Motel & Suites". Flamingo Motel & Suites. Retrieved 2020-11-12.
  20. [20]
    "Lake Compounce - Camping". Lake Compounce. 16 May 2018. Retrieved 2020-11-12.
  21. [21]
    "Lake Compounce - LAKE COMPOUNCE TO OPEN 'BEAR CREEK CAMPGROUND' IN 2014". Lake Compounce. 17 June 2014. Retrieved 2020-11-12.
  22. [22]
    Writer, TOM MURSE Staff (12 November 2010). "Dutch Wonderland changes hands". LancasterOnline. Retrieved 2020-11-12.
  23. [23]
    "¡Adiós Aquópolis, hola Guadalpark!". 21 May 2021.
  24. [24]
    "San Fernando de Henares says goodbye to Aquópolis forever". 27 April 2019.
  25. [25]
    Barroso, F. Javier (17 November 2008). "Medidas tardías de las instituciones tras la muerte de Álvaro Ussía". El País.
  26. [26]
    "L'OCEANOGRÀFIC".
  27. [27]
    "PARQUES REUNIDOS OPENS "NICKELODEON ADVENTURE" MADRID AT INTU XANADÚ". 17 December 2018.
  28. [28]
    "Nickelodeon Adventure Madrid to Close on Sunday 8th September 2019".
  29. [29]
    "The Madrid City Council will recover the management of the cable car". 27 July 2017.
  30. [30]
    "Grupo Dolphin compra Aquarium de Mar del Plata".
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