Another chain going up for sale? Owner of Kennywood looking to get out of the US market perhaps.

[BeeastFarmer]

https://www.reuters.com/markets/deals/eqt-taps-advisors-strategic-review-us-business-parques-reunidos-sources-say-2024-07-30/

[Outdoor Man]

I didn't see it mentioned by name, but I assume they are referring to Palace Entertainment- ie: Kennywood, Idlewild, Adventureland, Lake Compounce... to name a few?

 

[BeeastFarmer]

1 hour ago, Outdoor Man said:

I didn't see it mentioned by name, but I assume they are referring to Palace Entertainment- ie: Kennywood, Idlewild, Adventureland, Lake Compounce... to name a few?

 

Palace is owned by the Parques Reu...sorry I can't spell it haha. They open several other venues in North America but I don't think they are under the Palace umbrella. The article said north American properties generate approx 33% of the revenue for the company....are they looking at selling Palace, the other properties or all?  This is going to be interesting!