Parques Reunidos acquires Tropical Islands for €226m
POSTED 13 Dec 2018 . BY Luke Cloherty
Spanish operator Parques Reunidos has acquired the world’s largest indoor waterpark, Germany’s Tropical Islands, from Malaysian firm Tanjong for €226m (US$257.3m, £203.3m).
The move marks the largest single-park acquisition in Parques Reunidos’ history and is a huge addition to its portfolio.
Tropical Islands is a combination of a water park and other leisure offerings, with various lodging facilities that stay open year-round due to its indoor setting. It's located approximately 60 kilometres (37 miles) south of Berlin, close to the cities of Dresden and Leipzig, as well as the Polish and the Czech borders.
"Germany is a strategic market for Parques Reunidos. As well as representing a truly unique opportunity in itself, Tropical Islands also reinforces our market positioning in the country, where together with Movie Park and Belantis we will reach 3 million visitors," said Richard Golding, chair of Parques Reunidos.
"The indoor setting of the park will allow us to extend the season of our European business and provides an attractive source of resilience against external conditions.
"We expect to create further value for our shareholders by implementing Parques Reunidos best practices to the operations of Tropical Islands and through identified expansion projects on the available land that this acquisition includes."
Tropical Islands welcomes around 1.3 million visitors annually and generates revenues of around €71m (US$80.5m, £64m) per year.
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider,
HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
Premium London health club, KX Chelsea, will imminently unveil its most significant
redevelopment since its launch in 2002 to create an integrated wellness model combining
training, recovery and relaxation.
Researchers in the US have identified an antibody which could greatly reduce the loss of lean
muscle mass in people who are taking weight-loss medications.
As healthcare continues to shift towards prevention, there’s a growing focus on helping
people stay active, independent and feeling good for longer. [more...]
One of the biggest mistakes the fitness industry still makes is advertising almost
exclusively to people who already look and live like gym members. [more...]
+ More featured suppliers
COMPANY PROFILES
PSLT Ltd
PSLT Fitness Solutions manufacture, remanufacture and buy back commercial gym equipment. [more...]
Parques Reunidos acquires Tropical Islands for €226m
POSTED 13 Dec 2018 . BY Luke Cloherty
Spanish operator Parques Reunidos has acquired the world’s largest indoor waterpark, Germany’s Tropical Islands, from Malaysian firm Tanjong for €226m (US$257.3m, £203.3m).
The move marks the largest single-park acquisition in Parques Reunidos’ history and is a huge addition to its portfolio.
Tropical Islands is a combination of a water park and other leisure offerings, with various lodging facilities that stay open year-round due to its indoor setting. It's located approximately 60 kilometres (37 miles) south of Berlin, close to the cities of Dresden and Leipzig, as well as the Polish and the Czech borders.
"Germany is a strategic market for Parques Reunidos. As well as representing a truly unique opportunity in itself, Tropical Islands also reinforces our market positioning in the country, where together with Movie Park and Belantis we will reach 3 million visitors," said Richard Golding, chair of Parques Reunidos.
"The indoor setting of the park will allow us to extend the season of our European business and provides an attractive source of resilience against external conditions.
"We expect to create further value for our shareholders by implementing Parques Reunidos best practices to the operations of Tropical Islands and through identified expansion projects on the available land that this acquisition includes."
Tropical Islands welcomes around 1.3 million visitors annually and generates revenues of around €71m (US$80.5m, £64m) per year.
Global luxury hospitality brand, Six Senses, has partnered with longevity healthcare provider,
HUM2N, to launch a clinic at Six Senses London, at The Whiteley.
Premium London health club, KX Chelsea, will imminently unveil its most significant
redevelopment since its launch in 2002 to create an integrated wellness model combining
training, recovery and relaxation.
Researchers in the US have identified an antibody which could greatly reduce the loss of lean
muscle mass in people who are taking weight-loss medications.
Crunch Fitness has announced the launch of Crunch Reform Pilates – its own reformer concept
designed to bring this fast growing, but rather expensive, modality into the mainstream.
As healthcare continues to shift towards prevention, there’s a growing focus on helping
people stay active, independent and feeling good for longer. [more...]
One of the biggest mistakes the fitness industry still makes is advertising almost
exclusively to people who already look and live like gym members. [more...]
+ More featured suppliers
COMPANY PROFILES
PSLT Ltd PSLT Fitness Solutions manufacture, remanufacture and buy back commercial gym equipment. [more...]
