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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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Jobs   News   Products   Magazine
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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TOR Systems Ltd

TOR Systems have been in this business since 1981. [more...]
Red Raion

Founded in 2014, Red Raion is the CGI studio specialized in media based attractions. [more...]
Vekoma Rides Manufacturing B.V.

Vekoma Rides has a large variety of coasters and attractions. [more...]
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
+ More profiles  
FEATURED SUPPLIER

ProSlide appoints Chantal Theoret as director of global marketing
ProSlide Technology has appointed Chantal Theoret as its new director of global marketing. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
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CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

18-22 Nov 2019

IAAPA Expo

Orange County Convention Center, Orlando, United States
14-16 Jan 2020

EAG International

ExCel London Exhibition Centre, London,
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

ABOUT LEISURE MEDIA
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