The parent company of Dollywood and Silver Dollar City is greater than tripled for the primary time and moved to California to take over the recently expanded SIX flags, while consolidation within the theme park industry continues.
The Dollywood owner has signed an agreement on the acquisition of the US real estate from Palace Entertainment from Parques Reunidos to create what’s invoiced as the most important family business within the worldwide family-run topics.
The merger will present 21 themed parks and water parks against Six Flags 42 combined parks in a struggle for the dominance of the regional amusement park.
The newly combined herring/palace can have greater than 20 million annual visitors in comparison with the Combo Six Flags/Cedar Fair, who together attract 48.9 million.
The merger extends footprint for the primary time with 4 locations to California – Castle Park (Riverside), Raging Waters (San dimas) and boomers (Palm Springs and Vista).
None of those small entertainment parks, water parks and family entertainment centers are large enough to compete with large players in South California equivalent to Disneyland and Universal Studios Hollywood.
The biggest additions to the herbing portfolio include three historical parks: Kennywood and Idlewild (each within the Pittsburgh) along with Connecticut's Lake Campounce (invoiced as America's first amusement park).
Parques Reunidos will follow its core parks on the European market, which incorporates Mirabilandia (Italy), Movie Park Germany and Tusenfryd (Norway).
The newly expanded herbing introduces a “considerably increased contender” to the Six flag chain of regional amusement parks and the few remaining independent and family-run parks within the USA.
“This merger can cause other operators to re -evaluate their strategies, possibly liquidations and possible consolidations or partnerships within the industry” ITPS website.
Relatives: Disney's recent neighborhood in California to welcome the primary residents in 4 million US dollars
According to Seaworld and Busch Garden, United Parks fight for fourth place on the US theme parking market. Subject park insider.
Disney (142 million), Universal (60.8 million) and Six Flags (48.9 million) are far ahead of United (21.6 million) and herbing (20 million), in accordance with TEE/AECOM report within the annual number of holiday makers.
Legoland California is a component of Merlin Entertainments Group, which is predicated in Great Britain, which attracts 62 million visitors a yr.
According to Speigel, further mergers and acquisitions within the theme park industry may very well be on the horizon.
“There are definitely organizations, both publicly and privately who study the M&A landscape,” wrote Speigel on the ITPS website.
The list of family-downed and independent regional amusement parks within the us not affiliated with herschend or six flags including hersheypark (Pennsylvania), Holiday World (Indiana), Lagoon (Utah), Elitch Gardens (Colorado), Knoebels (Pennsylvania), Lake Winnepesaukah (Georgia), Fun Spot (Florida and Georgia), Silverwood (Idaho), Quassy (Connecticut), Moreys Piers (New Jersey), Indiana Beach and Santa Cruz Beach Boardwalk.
After a comprehensive portfolio check after the merger of Six Flags and Cedar Fair, Six Flags were enthusiastic about selling some smaller parks within the chain in July.
According to the recent merger within the industry, the almost certainly buyer may very well be created for a few of the smaller parks of rival Six Flags.
The smallest parks within the Six Flags chain include Frontier City (Oklahoma), Six Flags darien Lake (New York), Valleyfair (Minnesota), Worlds of Fun (Missouri), Six Flags Great Escape (New York) and Michigan's adventure.
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