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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.
MORE NEWS
New plans released for Sacarmento's Powerhouse Science Center
Renderings have been released for a new science centre and planetarium coming to Sacramento, California, in 2020.
New aquarium to open in Montonegro in 2020
Montenegro’s Institute of Marine Biodiversity is building an aquarium, with the new attraction to sit underneath the Marine Biodiversity Conservation Centre in the coastal town of Kotor.
Eddie Kemsley returns to Dreamland as CEO
Dreamland – the heritage theme park in Margate, England – has confirmed the reappointment of its former chief executive officer Eddie Kemsley to the same position, two years after she left the business to take over at Kidzania London.
Canadian National Gallery CEO Marc Mayer steps down
Marc Mayer is stepping down as director and CEO of the National Gallery of Canada today to pursue new challenges, following a 10-year stint in the role.
+ More news   
LATEST JOBS
Centre Director
Live Borders
Salary: Competitive
Job location: Galashiels, UK
Fundraising Officer - Berry Theatre and The Point
Eastleigh Borough Council
Salary: Circa £30,000
Job location: Eastleigh, UK
Expressions of Interest - High Lodge attractions
Forestry Commission
Salary:
Job location: Thetford, UK
Attraction (High Wires) Manager
Magna Vitae
Salary: £30,153 per annum
Job location: Skegness, UK
Operations Manager
Longleat
Salary: £28,000 to £35,000 per annum
Job location: Longleat, Warminster, UK
+ 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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