AT 5:00 STARTS RIGHT NOW. JAMES: THANKS FOR JOINING US TONIGHT. FIRST AT 5:00, THE END OF AN ERA AT ADVENTURELA.ND STACEY: KCCI HAS LEARNED THE KRANTZ FAMILY, WHO OPENED THE PARK IN ALTOONA IN 1974, IS SELLING .IT KCCI’S CHRIS GOTHNER JOINS US LIVE FROM ALTOONA WITH THE NEW BUYER. CHRIS? RERT:PO PALACE ENTERTAINMENT WILL SOON BE THE NEW OWNER OF ADVENTURELD.AN IN FACT, IT MAY WELL ALREADY BE THE NEW OWNER, BECAUSE A SPOKESPERSON AN HOUR AGO TOLD US THE DEAL WAS CLOSING TODAY. THE PALACE SPOKESPERSON DIDN’T DISCUSS THE PLANS OF THE DE- – THE TERMS OF THE DEAL, BUT IT IS A NATIONAL COMPANY THAT OPERATES OTHER THEME DAN WATER PARKS THROUGHOUT THE WORLD. AS JAMES AND STACEY SAID, ETH PARK OPENED IN 1974, AND THE KRANTZ FAMILY HAS OWNED IT SINCE DAY ONE, BUT THAT NOWIS CHANGING, THE ERA HAS COME ATO CLOSE. THE COMPANY SPOKESPERSON SAYS PALACE PLANS TO KEEP WHAT PEOPLE LIKE ABOUT ADVENTURELAND THE SAME, BUT THEY SEE A BIG OPPORTUNITY FOR GROWTH. >> WE SAW A GREAT OPPORTUNITY TO GROWT I AND TO CONTINUE IT INTO BETTER AND BIGGERHI TNGS AND TO MAININTA WHAT’S MADE IT SO BELOVED HERE OVER THE YEARS. IT WAS A REALLY GOOD FITIT WH THE OTHER PARKS THAT WE OPERATE. REPORTER: ADVENTURELAND ITSELF TO DIRECT QUESTIONS TO PALACE TODAY. EARLIER THIS YEAR, ADVENTURELAND WAS IN THE NEWS FOR THAT FALAT DEADLY ACCIDENT ON THE RAGING RIVER RIDE THAT EEDND UP WITH A YOUNG BOY KILLED. WE DID ASK THE PALACE ENTERTAINMENT SPOKESPERSON ABOUT WHETHER THAT HAD ANYTHING TO DO WITH THE REASONS BEHIND THE SALE. HE SAID HE WAS NOT ABLE TO TALK ABOUT THE REASONS THE FAMILY DECIDED TO SELL ADVENTURELAND. ALTHOUGH HE DID EXPAND ON THE COMPANY’S COMMITMENT TO SAFETY. WE WILL HEAR WHAT PALACE HAS TO SAY ABOUT THIS COMING UP ON KCCI
Adventureland to be acquired by Palace Entertainment and the changes to come
Updated: 5:20 PM CST Dec 21, 2021
Palace Entertainment announced Tuesday it would be acquiring Adventureland Resort. Adventureland has been owned and operated by the Krantz family since 1974, containing more than 100 rides, shows and attractions. “We are excited about adding Adventureland into our portfolio,” said John Reilly, chief operating officer of Palace Entertainment. “We specialize in parks and venues that create experiences to be enjoyed over a lifetime, from childhood to young adulthood to parenting and grandparenting. We are investing in Adventureland to expand its current lineup to include eight new family rides in 2022, plus two all-new attractions for the 2023 season.”Starting in the new year, Adventureland Platinum Season Passholders will be able to visit other Palace Entertainment sister parks for free, including Noah’s Ark Waterpark in the Wisconsin Dells, and Kennywood near Pittsburgh. “We look forward to our Palace Entertainment team combining their operational excellence with Adventureland’s family-run legacy of entertainment,” said Pascal Ferracci, chief executive officer of Parques Reunidos. “Parques Reunidos has a unique track record of acquiring and successfully integrating parks, with over 20 transactions completed across 11 countries since 2004. This will continue to be a growth lever for the group, keeping local brands and historical positioning of acquired parks while benefiting from state-of-the-art tools and capabilities to further develop the business.”
Palace Entertainment announced Tuesday it would be acquiring Adventureland Resort.
Adventureland has been owned and operated by the Krantz family since 1974, containing more than 100 rides, shows and attractions.
“We are excited about adding Adventureland into our portfolio,” said John Reilly, chief operating officer of Palace Entertainment. “We specialize in parks and venues that create experiences to be enjoyed over a lifetime, from childhood to young adulthood to parenting and grandparenting. We are investing in Adventureland to expand its current lineup to include eight new family rides in 2022, plus two all-new attractions for the 2023 season.”
Starting in the new year, Adventureland Platinum Season Passholders will be able to visit other Palace Entertainment sister parks for free, including Noah’s Ark Waterpark in the Wisconsin Dells, and Kennywood near Pittsburgh.
“We look forward to our Palace Entertainment team combining their operational excellence with Adventureland’s family-run legacy of entertainment,” said Pascal Ferracci, chief executive officer of Parques Reunidos. “Parques Reunidos has a unique track record of acquiring and successfully integrating parks, with over 20 transactions completed across 11 countries since 2004. This will continue to be a growth lever for the group, keeping local brands and historical positioning of acquired parks while benefiting from state-of-the-art tools and capabilities to further develop the business.”