Premier Parks, LLC

Premier Parks, LLC
Limited liability company
Industry Theme Park Operator
Founded 2009
Founder Kieran Burke and Gary Story
Headquarters Oklahoma City
Area served
 United States, Canada
Key people
 Kieran Burke, CEO
Website premierparks.com

Premier Parks, LLC (formerly Rapids Holdings, LLC and Premier Attractions Management, LLC) is a limited liability company based in the United States. The company owns and operates several amusement parks and water parks across the country.

History

Kieran Burke and Gary Story previously held the positions of chief executive officer and chief operating officer at Six Flags for more than 10 years. In 2009, the pair purchased Nashville Shores, consisting of a marina, RV park and water park. They redeveloped the water park for the 2010 season. In early 2011, it was announced the pair had purchased the Ocean Breeze Waterpark in Virginia with plans to renovate it for the 2011 season.[1]

In 2011, the newly founded Premier Attractions Management began operating three properties owned by CNL Lifestyle Properties: Frontier City, SplashTown Houston, and White Water Bay[2] CNL Lifestyle Properties had terminated its lease agreements with PARC Management for eight parks in late 2010.[3] Burke and Story have since gained operational control of additional parks owned by CNL Lifestyle Properties.[4][5] In 2013, the company changed its name to Premier Parks, LLC taking the former corporate name of the company that had bought out Six Flags .[6]

In late 2016, CNL Lifestyle Properties sold their attractions portfolio to EPR Properties.[7] Upon this transaction, EPR transferred management of these parks to Premier Parks, LLC, including ones previously operated by different groups.[8]

In May 2017, operations of Waterworld California were transferred to Six Flags Entertainment Corporation , which had previously owned the park and also own the nearby Six Flags Discovery Kingdom.[9] In May 2018, Six Flags announced that they had entered into a purchase agreement with Premier Parks to acquire the lease rights to operate 5 additional parks: Darien Lake, Frontier City, Wet'n'Wild Phoenix, Wet'n'Wild SplashTown, and White Water Bay.[10]

Properties

Full Ownership
Operated for EPR Properties
Operated for Stanley Kroenke

Former properties

Operated for EPR Properties

References

  1. 1 2 3 "Former Six Flags executives Breeze into Virginia". Park World Magazine. January 20, 2011. Retrieved November 24, 2013.
  2. ↑ "CNL announces new management for eight parks". Park World Magazine. January 25, 2011. Archived from the original on December 3, 2013. Retrieved November 24, 2013.
  3. ↑ "CNL Lifestyle Properties and PARC Management End Lease Relationship" (PDF) (Press release). CNL Lifestyle Properties. November 24, 2010. Retrieved November 24, 2013.
  4. 1 2 Silverstein, Stephanie (November 21, 2013). "Premier Parks to take over operation of Wet 'n' Wild Hawaii". Pacific Business News. Retrieved November 23, 2013.
  5. 1 2 "CNL Lifestyle Properties acquires one of south Florida's largest water parks" (PDF) (Press release). CNL Lifestyle Properties. July 2, 2012. Retrieved November 24, 2013.
  6. 1 2 "Wet'n'Wild Phoenix, Hawaii to Add accesso eCommerce, Mobile Ticketing" (Press release). Premier Parks LLC. January 20, 2014. Retrieved January 27, 2014.
  7. ↑ "EPR Acquisition of CNL Portfolio" (PDF). Retrieved January 21, 2017 – via EPR Properties.
  8. ↑ "EPR Acquisition of CNL Portfolio" (PDF).
  9. ↑ "Waterworld California Becomes Six Flags' 20th Property". Six Flags Entertainment Corp. April 27, 2017. Retrieved April 28, 2017.
  10. ↑ "Six Flags Adds Five More Parks to US Portfolio" (Press release). Six Flags Entertainment Corporation. Business Wire. Retrieved 23 May 2018.
  11. ↑ "Story and Burke buy Clementon Lake". Park World Magazine. December 23, 2011. Retrieved November 24, 2013.
  12. ↑ "Premier parks acquires wild water kingdom water park near Toronto « Amusement Today". amusementtoday.com. Retrieved August 5, 2016.
  13. ↑ "EPR Acquisition of CNL Portfolio" (PDF).
  14. ↑ https://www.premierparks.com/news-room/m.blog/229/premier-parks-named-new-operator-of-pacific-park-on-the-santa-monica-pier
  15. ↑ "CNL Lifestyle Properties Brands Newly Acquired Palm Springs Waterpark as Wet 'n' Wild" (Press release). CNL Lifestyle Properties. December 18, 2013. Retrieved December 29, 2013.
  16. ↑ "EPR Acquisition of CNL Portfolio" (PDF).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.