The Real Deal Miami

Miami Seaquarium owner in talks to sell for $30M

Major amusement parks operator negotiating to purchase tourist attraction

December 05, 2013 12:45PM

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Miami Seaquarium

Miami Seaquarium

The owner of the Miami Seaquarium is in talks to sell the tourist attraction for about $30 million.

Palace Entertainment, a California-based subsidiary of a Spanish amusement parks operator, would be the buyer if the deal is completed, the Miami Herald reported. Miami Seaquarium is currently owned by Wometco Enterprises. The attraction first opened 58 years ago.

Under the agreement, the son of Wometco CEO Arthur Hertz would continue to manage the Seaquarium after the sale. Hertz told the Herald that his company has had many discussions with potential buyers over time but is not rushing to sell the attraction.

Palace currently owns Boomers in Boca Raton and Dania Beach. [Miami Herald]Eric Kalis

  • Moi

    is he selling the business for the remainder of the land lease? what will happen if lease not renewed? The land worth more than seaquarium unfortunalety

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