Parques Reunidos-backed Palace Entertainment to acquire Adventureland Resort.

Parques Reunidos-backed Palace Entertainment, an operator of water parks and family amusement centers, to acquire Adventureland Resort, an operator of a theme park based in Altoona, Iowa. Financial terms were not disclosed. “We are excited about adding Adventureland into our portfolio. We specialize in parks and venues that create experiences to be enjoyed over a lifetime, from childhood to young adulthood to parenting and grandparenting. We are investing in Adventureland to expand its current lineup to include eight new family rides in 2022, plus two all-new attractions for the 2023 season," John Reilly, Palace Entertainment COO.