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Parques Reunidos acquires Tropical Islands for €226m
POSTED 13 Dec 2018 . BY Luke Cloherty
Spanish operator Parques Reunidos has acquired the world’s largest indoor waterpark, Germany’s Tropical Islands, from Malaysian firm Tanjong for €226m (US$257.3m, £203.3m).

The move marks the largest single-park acquisition in Parques Reunidos’ history and is a huge addition to its portfolio.

Tropical Islands is a combination of a water park and other leisure offerings, with various lodging facilities that stay open year-round due to its indoor setting. It's located approximately 60 kilometres (37 miles) south of Berlin, close to the cities of Dresden and Leipzig, as well as the Polish and the Czech borders.

"Germany is a strategic market for Parques Reunidos. As well as representing a truly unique opportunity in itself, Tropical Islands also reinforces our market positioning in the country, where together with Movie Park and Belantis we will reach 3 million visitors," said Richard Golding, chair of Parques Reunidos.

"The indoor setting of the park will allow us to extend the season of our European business and provides an attractive source of resilience against external conditions.

"We expect to create further value for our shareholders by implementing Parques Reunidos best practices to the operations of Tropical Islands and through identified expansion projects on the available land that this acquisition includes."

Tropical Islands welcomes around 1.3 million visitors annually and generates revenues of around €71m (US$80.5m, £64m) per year.
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NEWS
Parques Reunidos acquires Tropical Islands for €226m
POSTED 13 Dec 2018 . BY Luke Cloherty
Spanish operator Parques Reunidos has acquired the world’s largest indoor waterpark, Germany’s Tropical Islands, from Malaysian firm Tanjong for €226m (US$257.3m, £203.3m).

The move marks the largest single-park acquisition in Parques Reunidos’ history and is a huge addition to its portfolio.

Tropical Islands is a combination of a water park and other leisure offerings, with various lodging facilities that stay open year-round due to its indoor setting. It's located approximately 60 kilometres (37 miles) south of Berlin, close to the cities of Dresden and Leipzig, as well as the Polish and the Czech borders.

"Germany is a strategic market for Parques Reunidos. As well as representing a truly unique opportunity in itself, Tropical Islands also reinforces our market positioning in the country, where together with Movie Park and Belantis we will reach 3 million visitors," said Richard Golding, chair of Parques Reunidos.

"The indoor setting of the park will allow us to extend the season of our European business and provides an attractive source of resilience against external conditions.

"We expect to create further value for our shareholders by implementing Parques Reunidos best practices to the operations of Tropical Islands and through identified expansion projects on the available land that this acquisition includes."

Tropical Islands welcomes around 1.3 million visitors annually and generates revenues of around €71m (US$80.5m, £64m) per year.
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Shanghai Disney Resort has announced another major Shanghai Disneyland expansion – the second since it opened in June 2016 – which will be themed on the animated film Zootopia.
Quebec’s Méga Parc reopens with a host of new rides
Canada’s Méga Parc attraction has reopened following a multi-million dollar steampunk-themed redevelopment that includes the building of North America’s first spokeless Ferris Wheel.
Newcastle Art Gallery set for AU$45m expansion
Newcastle Art Gallery in New South Wales, Australia, is gearing up for a long-awaited AU$45m (US$32.1m, €28.3m, £24.8m) expansion.
Major openings planned for Chester Zoo in 2019
Walking with ring-tailed lemurs and seeing endangered Asiatic lions in a specially-developed new habitat are among the new experiences planned for Chester Zoo in 2019, as it continues with its multi-year, multi-million-pound expansion masterplan.
+ More news   
LATEST JOBS
Restaurant and Bar Team Leader
Alton Towers Theme Park
Salary: Competitive
Job location: Stoke-on-Trent, UK
Hotel Food and Beverage Supervisor
Legoland
Salary: Competitive
Job location: Carlsbad, CA, USA
Chef de Partie
Chessington World of Adventures
Salary: £20,000-£21,000
Job location: Chessington, Surrey, UK
Hotel Administrative Assistant
Legoland
Salary: Competitive
Job location: Carlsbad, CA, USA
Front Desk Agent
Legoland
Salary: Competitive
Job location: Carlsbad, CA, USA
Operations Manager
Madame Tussauds
Salary: Competitive
Job location: San Francisco, CA, USA
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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