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.