Wednesday, May 24, 2017

Parques Reunidos the Latest Theme Park Operator to Make China Expansion Plans

It seems that lately there's a continual flow of stories about a plethora of theme park companies making plans to expand into China.  From Six Flags' parks that are ready for construction to SeaWorld's recently announced plans, everyone is eyeing the country as the next great place to develop new parks and resorts.

We now have news that Parques Reunidos has entered into a "strategic agreement" with a Chinese company to develop new parks and indoor entertainment centers there.  Working with Harves Century Group, which the press release names as "one of the principal privately owned real estate development companies in China," Parques Reunidos will assist in creating parks across China.  The pair will be working with the investment arm of the China Development Bank, so it would appear as though there will be no lack of funding for the projects.

The partnership will see Parques Reunidos assist with "preliminary consultation phase of projects, through the consultation on design, construction, and attraction procurement, all the way to the management and operation of the future parks."

© Parques Reunidos
Parques Reunidos is already one of the largest theme, water and family entertainment park operators on the planet, with locations spread across the globe.  The company owns many parks, while having similar management agreements on many others.  They've been named as operators on several new parks, such as Bollywood and Motiongate in Dubai, and Dragon Park in Vietnam.

In the U.S. the company owns properties such as Kennywood, Dutch Wonderland,  Lake Compounce, Idlewild, several water parks and more.