Blackstone to buy Seaworld
For the first time in it's 36-year history, Seaworld has finally come home to an experienced parent in theme-park operations. From a publisher to a brewery, this little orphan's quest to find it's rightful leader has ended.
Announcements from Busch Entertainment disclose that the Blackstone group BBC will purchase Seaworld and it's other siblings Discovery Cove, Aquatica, Seaworld, Busch Gardens, Adventure Island, Water Country, and Sesame Street.
With a wealth of knowledge in tourism combined with a vast chain of succesful theme-parks countrywide, this could truly be the proverbial "match made in heaven." Employing roughly ten thousand workers, BEC's president touted that "Blackstone pursued this investment because it's a high-quality operation and it's something they felt fit nicely as a growth opportunity,"
As it's rival parks continue progressive changes, so Blackstone intends to make agressive investments in it's newly purchased Seaworld. From semiconductors to arts & crafts stores, Blackstone boasts nearly $24 billion in assets not including it's purchase of $2.7 billion from InBev in the months to come.
Blackstone is also a higher-roller in other stakes including high-end hotels, resorts, La Quinta, Merlin Entertainment, South Seas Island, 1000-room Hilton and of course Universal Orlando.
As one of the busiest operations in the United States, BEC's ten theme-parks stretch from California to Pennsylvania pulling nearly 25 million guests a year with over ten thousand employees alone in Florida.
Blackstone who has been a good steward of other tourism investments has projected long-term investment the kind of which will continue the impetus of rolling out big attractions including Manta, and Jungla.
Blackstone which owns a 50% stake in Universal has been part of the force which impelled Universal to invest in a $300 million expansion which combines Harry Potter, Rip Rockit Ride and the Simpsons Ride.
Belgium's In-Bev cost-cutting mandates i.e. eliminating free beer at Busch Gardens, has really positioned Blackstone for success going forward in this new economic marketplace.
Announcements from Busch Entertainment disclose that the Blackstone group BBC will purchase Seaworld and it's other siblings Discovery Cove, Aquatica, Seaworld, Busch Gardens, Adventure Island, Water Country, and Sesame Street.
With a wealth of knowledge in tourism combined with a vast chain of succesful theme-parks countrywide, this could truly be the proverbial "match made in heaven." Employing roughly ten thousand workers, BEC's president touted that "Blackstone pursued this investment because it's a high-quality operation and it's something they felt fit nicely as a growth opportunity,"
As it's rival parks continue progressive changes, so Blackstone intends to make agressive investments in it's newly purchased Seaworld. From semiconductors to arts & crafts stores, Blackstone boasts nearly $24 billion in assets not including it's purchase of $2.7 billion from InBev in the months to come.
Blackstone is also a higher-roller in other stakes including high-end hotels, resorts, La Quinta, Merlin Entertainment, South Seas Island, 1000-room Hilton and of course Universal Orlando.
As one of the busiest operations in the United States, BEC's ten theme-parks stretch from California to Pennsylvania pulling nearly 25 million guests a year with over ten thousand employees alone in Florida.
Blackstone who has been a good steward of other tourism investments has projected long-term investment the kind of which will continue the impetus of rolling out big attractions including Manta, and Jungla.
Blackstone which owns a 50% stake in Universal has been part of the force which impelled Universal to invest in a $300 million expansion which combines Harry Potter, Rip Rockit Ride and the Simpsons Ride.
Belgium's In-Bev cost-cutting mandates i.e. eliminating free beer at Busch Gardens, has really positioned Blackstone for success going forward in this new economic marketplace.
posted by michael at
7:22 AM
