Palace Entertainment

Palace Entertainment is an American amusement and entertainment company located in Newport Beach, California.

Palace Entertainment
Private
IndustryAmusement parks
Founded1998 (1998)
Headquarters Newport Beach, California
Area served
United States
OwnerParques Reunidos
WebsiteOfficial website

History

The company was established in 1998 after the acquisition of four independently owned family entertainment companies with the five brands Camelot Parks, Palace Park, Boomers!, Grand Prix Race-O-Rama and Family Fun Center, by Spanish amusement company Parques Reunidos. The company currently operates 40 amusement parks, water parks, and family entertainment centers throughout the United States.

On February 27, 2006, it was announced that MidOcean Partners was to acquire Palace Entertainment. The closing of 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 closed in the third quarter of 2007.

Fernando Eiroa joined Palace Entertainment in 2007, serving as President and Chief Executive Officer.

On November 12, 2010, Palace Entertainment announced the acquisition of Dutch Wonderland Family Amusement Park in historic Lancaster County, Pennsylvania, from Hershey Entertainment & Resorts.

On March 2, 2012, Palace Entertainment announced the acquisition of Noah's Ark Water Park in Wisconsin Dells, Wisconsin.

In June 2014, Palace Entertainment announced the acquisition of Miami Seaquarium in Key Biscayne, Florida.

Amusement parks

Water parks

Marine animal parks

Family entertainment centers

Hotels

References
  1. https://www.adweek.com/tv-video/cartoon-network-will-open-its-first-hotel-next-summer-in-pennsylvania/
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