The Real Deal Miami

Miami Seaquarium deal is done

Spanish theme park operator's subsidiary completes purchase of Virginia Key attraction
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