The Real Deal Miami

Miami Seaquarium deal is done

Spanish theme park operator's subsidiary completes purchase of Virginia Key attraction
July 02, 2014 12:45PM

Miami Seaquarium

Miami Seaquarium

The sale of the Miami Seaquarium officially closed, but the price remains a mystery.

California-based Palace Entertainment, the subsidiary of a Spanish theme park operator, announced on Tuesday that it completed the acquisition of the Virginia Key attraction. Palace did not disclose the purchase price. Miami-Dade County has not recorded the transaction.

The seller is Wometco Enterprises. Palace and Wometco were in talks for more than two years before reaching a deal. The Seaquarium leases the 38-acre site from the county on a deal that runs through 2031.

Palace did not indicate what changes it plans to make at the Seaquarium, according to the Miami Herald. Miami-Dade commissioners must approve the sale. [Miami Herald]Eric Kalis