Herschend to acquire US entertainment properties of Palace Entertainment from Parques Reunidos.

Herschend, a privately owned themed-entertainment company, agreed to acquire US entertainment properties of Palace Entertainment, an international entertainment operator, from Parques Reunidos, a global operator of leisure parks. Financial terms were not disclosed. “Herschend is the ideal organization to lead Palace Entertainment’s unique properties. Herschend is best in class in providing a high-quality guest experience within its parks. Palace Entertainment's team members and its parks are in great hands as we make this transition,” John Reilly, Palace Entertainment CEO.