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Wikipedia / Parques Reunidos

Parques Reunidos (meaning "Reunited Parks") is an international entertainment operator based in Madrid, Spain. The group operates over 60 parks in nine 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, and Italy. 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.

Palace Entertainment

Palace Entertainment was a subsidiary of Parques Reunidos, based in Pittsburgh, Pennsylvania, and primarily operated 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. In the early 2000s the company purchased various Water Parks and Family Entertainment Centers.

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

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.

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

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

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

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.

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.

In December 2021, Palace Entertainment acquired Adventureland in Altoona, Iowa.

In March 2025, Herschend announced it had reached an agreement to acquire all of Palace Entertainment's United States parks.

Amusement parks

Parques Reunidos currently operates 8 amusement park properties across seven European countries.

Zoos, aquariums and nature parks

Parques Reunidos currently operates 10 zoos, aquariums and nature parks across three European countries.

Water parks

Parques Reunidos currently operates 10 water parks across five European countries.

Family Entertainment Centers

Parques Reunidos currently operates 1 family entertainment center in the United Kingdom.

Cable Cars

Parques Reunidos currently operates 1 cable car in Spain.

Former properties

References

  • "Home". Candover. 2013-06-30. Retrieved 2013-10-23.

  • "Info" (PDF). Archived from the original (PDF) on July 11, 2009. Retrieved October 13, 2009

Official website