Thursday, September 21, 2023

Parques Reunidos Sale Put on Hold

by Joe Kleiman, IPM News Editor

London, England, UK (February 23, 2015) — UK investment firm Arle Capital has placed its sale of Parques Reunidos on hold after bidding for the theme park and attractions chain fell below the anticipated €2 billion price.

Listed as the sixth top performing theme park group worldwide on the 2013 TEA/Aecom Theme Index list, Parques Reunidos owns and operates theme parks, zoos, marine life parks, waterparks, FEC’s, and other attractions on three continents.  In the United States, operating under subsidiary Palace Entertainment, Parque’s flagship parks include Kennywood, Noah’s Ark waterpark, and the Miami Seaquarium.

Parques Reunidos recently began employing an expanded contract management model, having been designated as park management firm for the motiongate and Bollywood Studios theme parks in Dubai, Paramount Park in Spain, and 20th Century Fox’s proposed Miami Wilds resort in Florida.

Joe Kleiman
Joe Kleiman
Raised in San Diego on theme parks, zoos, and IMAX films, InPark's Senior Correspondent Joe Kleiman would expand his childhood loves into two decades as a projectionist and theater director within the giant screen industry. In addition to his work in commercial and museum operations, Joe has volunteered his time to animal husbandry at leading facilities in California and Texas and has played a leading management role for a number of performing arts companies. Joe previously served as News Editor and has remained a contributing author to InPark Magazine since 2011. HIs writing has also appeared in Sound & Communications, LF Examiner, Jim Hill Media, The Planetarian, Behind the Thrills, and MiceChat His blog, takes an unconventional look at the attractions industry. Follow on twitter @ThemesRenewed Joe lives in Sacramento, California with his wife, dog, and a ghost.

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