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Local Name:
中国海洋世界
Budget:
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Opening:
unknown
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China
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  1. Michael is online now themeparX Top Investigator
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    Zhonghong has plans to build a new complex in Beijing and depending on the translation it's either called "Zhonghong Square" or "Zhonghong Plaza."

    According to a Chinese website that lists commercial real estate projects in China, this Zhonghong complex will feature a "Seaworld indoor marine theme park." The website says the size of the indoor theme park will be 40,000 square meters and use "interactive" and "breakthrough" technologies.

    To put the size into perspective, the second largest indoor aquarium in the United States is Shedd Aquarium in Chicago and it is about 44,600 square meters in size. According to the website, the complex will be completed in 2019.

    This is contrary to what SeaWorld stated during an earning's call in May 2017 in which they said: "it's at least five to seven years before you'll see a [SeaWorld] theme park of any kind [in China]." Immediately after that they separately said, "but we are looking at a large FEC type strategy." Could SeaWorld consider this project an FEC while Zhonghong is referring to it as an indoor theme park?













    Note: These concept images are not necessarily of SeaWorld, they are of the complex in general

    Sources: http://biz.winshang.com/html/xm/582/27.htm (via https://www.facebook.com/finaldaysofwisdom/posts/1209117775901254) and http://www.zhongxiwsl.com/Select/detail?id=907&aid=175

  2. CarlySX is offline themeparX Top Investigator
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    Seaworld announced that they will not be having killer whales for any of the new international parks.

    SeaWorld CEO Joel Manby has confirmed the operatorís commitment to becoming an orca-free enterprise, telling shareholders that the company would not even consider having killer whales in any of its international endeavours.
    SeaWorld has recently started negotiations to bring its presence to Asia, specifically in China, Hong Kong and Macau. According to the operator, the consulting and review process will take three years, with a park coming up in the next five to seven years.
    Source: http://www.attractionsmanagement.com/detail.cfm?pagetype=detail&subject=news&codeID=331936

  3. Michael is online now themeparX Top Investigator
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    SeaWorld Parks and Entertainment CEO Joel Manby on China theme park development from today's earning call:

    I would say it's at least five to seven years before you'll see a theme park of any kind, but we are also looking at a FEC type strategy large in that country, very, very, very early stage.
    Source: http://www.seekingalpha.com/article/4071261

  4. Michael is online now themeparX Top Investigator
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    A SeaWorld theme park in China isnít imminent, but the company can evaluate possibilities before making long-term commitments, Jeansonne Becka said.

    Zhonghong will pay SeaWorld $3 million for the exclusive rights to develop SeaWorld theme parks in China through 2018 with another $1.5 million option for 2019 and the ability to extend the deal later, regulatory documents filed Friday show. The consulting and design agreement will pay SeaWorld another $3 million through June 2019.
    Source: http://www.orlandosentinel.com/business/os-bz-blackstone-seaworld-20170324-story.html

  5. Michael is online now themeparX Top Investigator
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    SeaWorld, a leading theme park and entertainment company, today announced that ... Zhonghong Group, a diversified holding company focused on strategic growth opportunities in the leisure, tourism, and culture industries, will acquire an approximately 21% equity interest in SeaWorld from certain funds affiliated with Blackstone at a price of $23.00 per share
    SeaWorld and Zhonghong Holding Co., Ltd. ("Zhonghong Holding"), an affiliate of Zhonghong Group, have also agreed to advisory services and support agreements under which SeaWorld will advise Zhonghong Holding exclusively on the concept development and design of theme parks, water parks, and family entertainment centers to be developed and operated by Zhonghong Holding, including exclusive rights in China, Taiwan, Hong Kong and Macau.
    Source: http://www.prnewswire.com/news-releases/seaworld-entertainment-inc-announces-long-term-investment-by-zhonghong-group-300428975.html

  6. admin is offline Administrator
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    SeaWorld China

    Status: announced.

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