
Herschend and Parques Reunidos have signed a definitive agreement for Herschend to acquire all of Palace Entertainment’s U.S. entertainment properties from Parques Reunidos (official press release). This includes famous properties such as Pittsburgh’s Kennywood, Iowa’s Adventureland, the massive Noah’s Ark water park in Wisconsin and Lake Compounce, the oldest continuously-operating amusement park in North America. This transaction came a bit out of left field, but the Palace Entertainment parks do seem to be a perfect fit with the culture and personality of Herschend.
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