Private equity firm said to be exploring sale of Parques Reunidos US business

Six Flags Over Pittsburgh?

Nah, Herschend needs to buy all these parks if they come up for sale.

With interest rates where they are, they are going to have a tough time….

The Henninger's and the McSwigan Families need to buy Kennywood Entertainment back......

The problem is that Kennywood is the flagship Palace park. If they sold off Kennywood separately, would anyone want a bunch of B- and C-tier parks?

When it was sold, Kennywood Entertainment Corp consisted of besides Kennywood, Idlewild, and Lake Compounce. The rest of the parks that are now part of Palace were obtained afterwards.

PhantomTails:

If they sold off Kennywood separately, would anyone want a bunch of B- and C-tier parks?

Gene Staples has entered the chat.

Seriously, Gene has enough on his hands figuring out the parks he owns. But assuming these are modestly profitable parks, why wouldn't someone want to try their hand at running them. (As long as they don't do the PE thing of buying the parks, loading them with debt, and spinning them off.)

Dutchman:

When it was sold, Kennywood Entertainment Corp consisted of besides Kennywood, Idlewild, and Lake Compounce. The rest of the parks that are now part of Palace were obtained afterwards.

And Sandcastle, and Storyland.

We visited Lake Compounce and Story Land over the summer. I was not particularly impressed with either park. If Holiday World is a small park that operates like a big park, Lake Compounce was a small park that tried to price itself like a big park and operated like a small park.

Here’s hoping someone competent wants to buy them out, but I don’t even know who that would be these days. Herschend wouldn’t do it, Cedar Fair has their hands full (if they’re even considered competent), and that’s about it.

A few of these parks are in great locations and could do so much better if they had any sort of operations overhaul.