Palace Entertainment
From EverybodyWiki Bios & Wiki
| File:Palace Entertainment logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Amusement parks |
| Founded 📆 | 1998 |
| Founder 👔 | |
| Headquarters 🏙️ | Pittsburgh, Pennsylvania |
Area served 🗺️ | United States |
| Owner | Parques Reunidos |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Palace Entertainment is a subsidiary of Madrid, Spain based Parques Reunidos which operates various attractions including amusement parks, zoos, and water parks around the world. Palace Entertainment is based in Pittsburgh, Pennsylvania and is primarily involved in the operation of attractions in the United States.
History[edit]
Palace Entertainment was established in 1998, after the acquisition of four independently owned family entertainment companies. These four companies consisted of five brands: Camelot Parks, Palace Park, Boomers!, Grand Prix Race-O-Rama and Family Fun Center.[1] In the early 2000s the company purchased various Water Parks and Family Entertainment Centers.[2]
On February 27, 2006, it was announced that MidOcean Partners was to acquire Palace Entertainment. This transaction occurred in the second quarter 2006.
On August 24, 2007, MidOcean Partners sold Palace Entertainment to Parques Reunidos for $330 Million. This transaction took place in the third quarter of 2007.[3]
Fernando Eiroa joined Palace Entertainment in 2007, serving as president and Chief Executive Officer.
On December 11, 2007 Kennywood Entertainment Company entered an agreement to sell their Five Properties (Kennywood, Idlewild and Soak Zone, Sandcastle Waterpark, Lake Compounce and Story Land) to Palace Entertainment's parent company Parques Reunidos. By 2009 Palace had taken over operations of all five parks.[4]
On November 12, 2010, Palace Entertainment announced the acquisition of Dutch Wonderland Family Amusement Park in historic Lancaster County, Pennsylvania, from Hershey Entertainment and Resorts Company.[5]
On March 2, 2012, Palace Entertainment announced the acquisition of Noah's Ark Water Park in Wisconsin Dells, Wisconsin.[6]
In 2014 Palace Entertainment acquired Miami Seaquarium in Key Biscayne, Florida.[7]
Later that year Palace Entertainment sold 15 properties to the newly formed Apex Parks Group Including Big Kahuna's, 10 Boomers locations as well as an additional Family 4 Entertainment Centers. This was in an effort to move away from Family Entertainment Center operations for Palace Entertainment.[8]
In March 2020 it was announced that Palace Entertainment would open a new corporate facility near the Kennywood property. This new facility will house 25 executives as well as their East Coast team.[9]
In December of 2021 Palace Entertainment would acquire Adventureland in Altoona, Iowa.
Amusement parks[edit]
| Name | Location | Year Opened | Year Acquired | Notes |
|---|---|---|---|---|
| Adventureland | Altoona, Iowa | 1974 | 2021 | Acquired in December of 2021 |
| Castle Park | Riverside, California | 1976 | Acquired from Alfa Smart Parks | |
| Dutch Wonderland | Lancaster, Pennsylvania | 1963 | 2010 | Acquired From Hershey Entertainment and Resorts Company in 2010 |
| Idlewild and Soak Zone | Ligonier, Pennsylvania | 1887 | 2007 | Acquired From Kennywood Entertainment Company in 2007; co-flagship park |
| Kennywood | West Mifflin, Pennsylvania | 1899 | 2007 | Acquired From Kennywood Entertainment Company in 2007; flagship park |
| Lake Compounce | Bristol, Connecticut | 1846 | 2007 | Acquired From Kennywood Entertainment Company in 2007 |
| Story Land | Glen, New Hampshire | 1954 | 2007 | Acquired From Kennywood Entertainment Company in 2007 |
Water parks[edit]
| Name | Location | Year Opened | Year Acquired | Notes |
|---|---|---|---|---|
| Noah's Ark Water Park | Wisconsin Dells, Wisconsin | 1979 | 2012[10] | Acquired in 2012 |
| Raging Waters Los Angeles | San Dimas, Los Angeles County, California | 1983 | Formerly known as Raging Waters San Dimas;Acquired from Alfa Smart Parks | |
| Raging Waters San Jose | East San Jose, San Jose, California | 1985 | Acquired from Alfa Smart Parks | |
| Raging Waters Sydney | Sydney, Australia | 2013 | 2018[11] | Formerly known as Wet'n Wild Sydney; Acquired in 2018 from Village Roadshow Theme Parks |
| Sandcastle Waterpark | West Homestead, Pennsylvania | 1989 | 2007 | Acquired From Kennywood Entertainment Company in 2007 |
| Splish Splash | Riverhead, New York | 1989 | 1999[12] | Acquired in 1999 from the Gentiles who also own Adventureland New York (not to be confused with the unaffiliated Adventureland in Iowa purchased by Palace in 2021) |
| Water Country | Portsmouth, New Hampshire | 1984 | 2000 | Acquired from the Samuels Family true subsidiary Festival Fun Parks |
| Wet'n Wild Emerald Pointe | Greensboro, North Carolina | 1984 | 2002[13] | Acquired from subsidiary Alfa Smart Parks in 2002 [14] |
Marine animal parks[edit]
| Name | Location | Year Opened | Year Acquired | Notes |
|---|---|---|---|---|
| Living Shores Aquarium | Glen, New Hampshire | 2019 | Built adjacent to Story Land in the former Heritage USA building. | |
| Sea Life Park | Waimanalo Beach, Hawaii | 1964 | 2008 | Acquired from Dolphin Discovery |
Family entertainment centers[edit]
| Name | Location | Year Opened | Year Acquired | Notes |
|---|---|---|---|---|
| Boomers! Palm Springs | Palm Springs, California | 1998 | ||
| Boomers! Vista | Vista, California | 1998 | ||
| Malibu Grand Prix | Norcross, Georgia | 2002 | Acquired from subsidiary Alfa Smart Parks in 2002 [14] | |
| Mountasia | Marietta, Georgia | 2002 | Acquired from subsidiary Alfa Smart Parks in 2002 [14] |
Hotels and campgrounds[edit]
| Name | Location | Year Opened | Year Acquired | Notes |
|---|---|---|---|---|
| Adventureland Inn | Altoona, Iowa | 1973 | 2021 | Part of the Adventureland Resort Acquired in December of 2021 |
| Adventureland Campground | Altoona, Iowa | 2021 | Part of the Adventureland Resort Acquired in December of 2021 | |
| Cartoon Network Hotel[15] | Lancaster, Pennsylvania | 2020[16] | Located Near Dutch Wonderland | |
| Flamingo Motel & Suites[17] | Wisconsin Dells, Wisconsin | 2012 | Acquired with Noah's Ark Water Park | |
| Lake Compounce Campground[18] | Bristol, Connecticut | 2014[19] | Located in the rear of Lake Compounce's Parking Lot. Known as Bear Creek from 2014-2021. | |
| Old Mill Stream Campground | Lancaster, Pennsylvania | 2001[20] | 2010 | Acquired with Dutch Wonderland |
Former properties[edit]
| Park | Location | Year Opened | Year Sold/Closed | Notes |
|---|---|---|---|---|
| Big Kahuna's | Destin, Florida | 1986 | 2014 | Water Park, Family Entertainment Center; Sold to Apex Parks Group in 2014 |
| Boomers! Parks | Various | 2014 | Family Entertainment Center; 10 Boomers Locations would be sold to Apex Parks Group in 2014. See Boomers! Parks for details.[21] | |
| Anaheim, California | 2004 | Family Entertainment Center; Located next to Camelot Golfland, closed in 2004 later replaced with warehouses.[22] | ||
| Bakersfield, California | 2004 | Family Entertainment Center; Sold in 2004, later rebranded back to Camelot Park.[23] | ||
| Dania, Florida | 2015 | Family Entertainment Center; located next to the Dania Beach Hurricane, Boomers! Dania Beach would close in 2015 to make way for Dania Pointe.[24] | ||
| Escondido, California | 2004 | Family Entertainment Center; Sold in 2004,[25] Later replaced by a Car Max dealership.[26] | ||
| Medford, New York | 1999 | 2019 | Family Entertainment Center; No Updated since Summer 2019, Removed from Palace Entertainment Website in 2020. Park is currently abandoned and has no plans to reopen or to be renovated.[27] | |
| Jazzland | New Orleans, Louisiana | 2000 | 2002 | Amusement Park; Sold to Six Flags in 2002, closed in 2005 after Hurricane Katrina |
| Malibu Grand Prix | Redwood City, California | 1979 | 2013 | Family Entertainment Center; Closed due to High Rent.[28] Soon after Jay Paul Co. would buy the property with plans to develop it into an office campus.[29] |
| San Antonio, Texas | 1978 | 2014 | Family Entertainment Center; Sold to Apex Parks Group in 2014 | |
| Miami Seaquarium | Miami, Florida | 1955 | 2021 | Marine Animal Park; Sold to The Dolphin Company in late 2021[1] |
| Mountain Creek Water Park | Vernon Township, New Jersey | 1978 | 2011 | Water Park; Operators of the water park were leased out to Palace from the early 2000s till 2011. When Crystal Springs bought out the adjusted resort and took over water park operations. |
| Mountasia | Houston, Texas | 2014 | Family Entertainment Center; Mountasia was sold to Apex Parks Group in 2014, Soon after it would be rebranded as a Boomers! | |
| Kingwood, Texas | 2007 | Family Entertainment Center; Sold in 2007 to become Houston Grand Prix[30] | ||
| Raging Waters Sacramento | Cal Expo, Sacramento, California | 1986 | 2022 | Water Park; Acquired from Six Flags in 2006, Operated by Palace from 2007 till 2022. Palace would Terminate their lease on November 8th, 2022 "after a careful review of company priorities". |
| Silver Springs | Silver Springs, Florida | 1878 | 2013 | Attraction; Palace would operate the property from 2002 till 2013 when it was returned to the State of Florida to become a State Park. in the process Palace agreed to invest 4 million dollars into the property. |
| SpeedZone | Dallas, Texas | 1997 | 2014 | Family Entertainment Center; SpeedZone also known as Malibu SpeedZone was sold to Apex Parks Group in 2014 |
| Los Angeles, California | ||||
| Waterworld California | Concord, California | 2011 | 2017 | Water Park; Owned by CNL Lifestyle Properties and operated by Palace from 2011 till 2017 when Six Flags Entertainment Corp took over operations.[31] |
| Wet N' Wild Las Vegas | Las Vegas, Nevada | 2002 | 2004 | Water Park; Palace acquired the property in 2002 from Alfa Smart Parks and would operate the park till it would close in 2004.[32] |
| Wild Waters Water Park | Silver Springs, Florida | 1978 | 2013 | Water Park; Palace would operate the property and the nearby Silver Springs from 2002 till 2013.[33] |
References[edit]
- ↑ 1.0 1.1 DREAMEAST. "DreamEast Signs Strategic Partnership Agreement With Palace Entertainment". www.prnewswire.com. Retrieved 2020-11-11.
- ↑ www.sec.gov https://www.sec.gov/Archives/edgar/data/1364513/000104746906008530/a2170555zs-4.htm. Retrieved 2020-11-12. Missing or empty
|title=(help) - ↑ "MidOcean Partners Announces Sale Of Palace Entertainment To Parques Reunidos | MidOcean Partners". www.midoceanpartners.com. Retrieved 2020-11-11.
- ↑ (PDF). 2008-05-11 https://web.archive.org/web/20080511180931/http://www.kennywood.com/docs/12.11.07KECNewChapterRelease.pdf. Archived from the original (PDF) on 2008-05-11. Retrieved 2020-11-11. Missing or empty
|title=(help) - ↑ Palicki, Martin. "Hershey Entertainment & Resorts Company Announces Sale of Dutch Wonderland to Palace Entertainment". InPark Magazine. Retrieved 2020-11-11.
- ↑ badams@madison.com | 608-252-6148 | @madnewsboy, BARRY ADAMS | Wisconsin State Journal |. "Noah's Ark sold to California company". madison.com. Retrieved 2020-11-11.
- ↑ "California theme park company to buy Miami Seaquarium". Miami Herald.
- ↑ "Palace Entertainment sells 14 entertainment centers and water park". Los Angeles Times. 2014-09-19. Retrieved 2020-11-11.
- ↑ Goulding, Gage (2020-03-07). "Kennywood's parent company opening corporate facility in Pittsburgh area". WTOV. Retrieved 2020-11-11.
- ↑ badams@madison.com | 608-252-6148 | @madnewsboy, BARRY ADAMS | Wisconsin State Journal |. "Noah's Ark sold to California company". madison.com. Retrieved 2020-11-12.
- ↑ "Parques Reunidos completes Wet'n'Wild Sydney acquisition - Australasian Leisure Management". www.ausleisure.com.au. Retrieved 2020-11-12.
- ↑ Strugatch, Warren (2001-05-20). "Places for Swinging, Splashing, Thrashing (Published 2001)". The New York Times. ISSN 0362-4331. Retrieved 2020-11-12.
- ↑ "Emerald Pointe sold to nation's largest water park operator". wfmynews2.com. Retrieved 2020-11-12.
- ↑ 14.0 14.1 14.2 Writer, AMY JOYNER Staff. "EMERALD POINTE GETS NEW OWNER\ THE COMPANY PLANS SMALL CHANGES TO IMPROVE THE WATER PARK EXPERIENCE". Greensboro News and Record. Retrieved 2020-11-12.
- ↑ "Cartoon Network Will Open Its First Hotel Next Summer in Pennsylvania". Retrieved 2020-11-12.
- ↑ Writer, KEVIN STAIRIKER | Staff. "Cartoon Network Hotel opened today; here's what to know before you go". LancasterOnline. Retrieved 2020-11-12.
- ↑ "Flamingo Motel & Suites". Flamingo Motel & Suites. Retrieved 2020-11-12.
- ↑ "Lake Compounce - Camping". Lake Compounce. 16 May 2018. Retrieved 2020-11-12.
- ↑ "Lake Compounce - LAKE COMPOUNCE TO OPEN 'BEAR CREEK CAMPGROUND' IN 2014". Lake Compounce. 17 June 2014. Retrieved 2020-11-12.
- ↑ Writer, TOM MURSE Staff. "Dutch Wonderland changes hands". LancasterOnline. Retrieved 2020-11-12.
- ↑ Kleiman, Joe. "Apex Parks Group Acquires Fourteen FEC's and One Waterpark from Parques Reunidos Subsidiary Palace Entertainment". InPark Magazine. Retrieved 2020-11-12.
- ↑ "Boomers! Parks Online :: Anaheim". 2004-06-12. Archived from the original on 2004-06-12. Retrieved 2021-01-05.
- ↑ "Boomers! Parks Online :: Bakersfield". 2004-08-03. Archived from the original on 2004-08-03. Retrieved 2021-01-05.
- ↑ Hurtibise, Ron. "Boomers entertainment center closed". sun-sentinel.com. Retrieved 2020-11-12.
- ↑ "Boomers! Parks Online :: Escondido". 2004-08-03. Archived from the original on 2004-08-03. Retrieved 2021-01-05.
- ↑ "Family Fun Center Reduced to Rubble | walking towel". 28 June 2006. Retrieved 2021-01-05.
- ↑ "Boomers Family Fun Center (Medford, New York, United States)". rcdb.com. Retrieved 2020-11-12.
- ↑ "Redwood City: Malibu Grand Prix closes its doors after 35 years". The Mercury News. 2013-08-14. Retrieved 2020-11-12.
- ↑ "Jay Paul snaps up Redwood City's Malibu Grand Prix, plans 3 office towers". Biz Jornel.
- ↑ "Mountasia of Kingwood - Home". 2004-02-07. Archived from the original on 2004-02-07. Retrieved 2021-01-05.
- ↑ Palicki, Martin. "CNL Lifestyle Properties Announces New Management for Eight Properties". InPark Magazine. Retrieved 2020-11-12.
- ↑ Palicki, Martin. "Gettin' wild in Las Vegas". InPark Magazine. Retrieved 2020-11-12.
- ↑ Abandoned Southeast (2019-01-07). "Wild Waters". Abandoned Southeast. Retrieved 2020-11-12.
External links[edit]
- Official website
- MidOcean Partners website
- Parques Reunidos Group website—Script error: The function "in_lang" does not exist.
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