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24 May 2013 Attractions Management: industry news and jobs
 
 
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11 Jan 2011

Iconic California amusement park sold
BY Martin Nash

Iconic California amusement park sold

Iconic California amusement park sold

Santa Monica's iconic Pacific Park amusement park in California, US, has been sold for US$34m (£22m) to an Orlando, Florida-based real estate company.

CNL Lifestyle Properties - which already owns a number of entertainment properties in California, including Camelot Park in Bakersfield and WaterWorld in Concord - has bought the Santa Monica Pier-based park, along with a ground lease for the two-acre property.

Pacific Park - which offers 12 rides, among which is what is claimed to be the only solar-powered Ferris wheel in the world; 18 other games and attractions; a range of ten different food outlets; and the Pier Gear souvenir shop - will continue to be operated by Santa Monica Amusements, the company which opened the site in 1996.

Last year the park was reported to have grossed nearly US$20m (£13m) and it regularly attracts more than four million visitors a year.

Outside the US, the pier and its park are famous for having appeared in a range of films and television shows.

Image: Cjwalsh5

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