Sale of 10 Busch Theme Parks ‘Inevitable’, Likely to Foreign Company
Forget the American tradition of Budweiser beer being owned by a European company, I’m more concerned about my favorite park chain. Financial analysts have said that the sale of Busch Entertainment’s theme parks inevitable.
The Busch Parks include these theme parks and water parks: Busch Gardens Europe (Williamsburg, VA), Busch Gardens Africa (Tampa, FL), Sea World Orlando, Sea World San Antonio, Sea World San Diego, Sesame Place (Langhorne, PA), Adventure Island (Tampa, FL), Water Country USA (Orlando, FL), Aquatica (Orlando, FL) and Discovery Cove (Orlando, FL).
The Busch parks may go for between $3 and $5 billion. According to analysts, both Six Flags and Cedar Fair are said to have too much debt to be acquiring the Busch parks. Most feel that the parks will be acquired by foreign companies. Parques Reunidos, the Madrid-based company that acquired Kennywood
and investors from Dubai have been rumored to have the cash to purchase the parks.
A Houston Chronicle article mentions that the sale of the parks might not even happen until next year. So until then we have plenty of time to speculate. I just hope my Busch Gardens Europe and Busch Gardens Africa get some great new owners. Read the full article
What do you think of this news? Who do you want to buy the park? Leave a comment below.