British company bids for part of SeaWorld Entertainment

U.K.-based Merlin Entertainments may want to buy SeaWorld's Busch Gardens theme parks

TRD MIAMI /
Oct.October 07, 2017 04:10 PM

The SeaWorld theme park in Orlando

The British owner of Legoland theme parks made a bid to acquire part of Orlando-based SeaWorld Entertainment Inc. U.K.-based Merlin Entertainments may want to buy SeaWorld’s Busch Gardens theme parks in Williamsburg, Virginia, and Tampa. Representatives of both companies declined to comment. SunTrust analyst Michael Swartz said in August that SeaWorld could sell its Busch Gardens properties for as much as $1 billion and invest the proceeds in its aquatic theme parks, its core properties, including the SeaWorld park in Orlando.

On an Aug. 4 conference call, the chief financial officer of the publicly held British company, Anne-Francoise Nesmes, called the Busch Gardens parks “good-quality assets that we would be interested [in]. But it takes two parties to do a deal.” The largest shareholder of SeaWorld is China-based Zhonghong Group, which bought 21 percent of publicly held SeaWorld in March from private equity firm Blackstone Group. [Orlando Sentinel]  — Mike Seemuth


Related Articles

arrow_forward_ios
2965 West Corporate Lakes Boulevard and Black Creek Group CEO Raj Dhanda (Credit: Google Maps, Blue Vault)

TIAA sells Weston warehouse for $33M

State report finds open gas valve fueled building explosion at Plantation shopping center

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Construction of downtown Hollywood high-rise may start soon

South Florida firm, partner acquire Tampa office building for $29.4M

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Moishe Mana plans mixed-use project with logistics theme next to airport in Panama

Power restored after blackout envelopes West Side of Manhattan

Power restored after blackout envelopes West Side of Manhattan

arrow_forward_ios
Loading...