Tuesday, December 11, 2007

Kennywood Entertainment: SOLD

Kennywood Entertainment just announced that they are selling their chain of parks to Parques Reunidos, a Spanish park operator that has 61 properties around the globe.

The parks being sold include Kennywood, Lake Compounce, Idlewild, and Story Land (NH).

The founding members of the company and their families are suddenly really rich, or well, even more rich than before. And I'm jealous.

Parques Reunidos is promising to uphold the "gold star" level of service and such that can be found at the Kennywood chain of parks.

Parques Reunidos is really quickly becoming (or is) a heavyweight in the industry. They're the ones that acquired Palace Entertainment this past year. They have all the Boomers FECs, the two California Raging Waters water parks, several other water parks in the U.S., 10+ zoos and aquariums, and many European parks like: Parque De Atracciones, Bobbejaanland, Mirabilandia, Parque Warner Madid, the insane BonBonLand (home of the "Dog Fart" coaster), and also recently purchased TusenFryd.

This is obviously a chain to watch in the future.