Wanda Group theme parks
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Photo from last month of Wanda Guangzhou Cultural Tourism City's indoor skiing area - seems like it'll open before the theme park



Source: http://www.sohu.com/a/154436846_582024

This deal is becoming difficult to understand but it looks more like a reshuffle for their assets that a full scale sell off.

They are passing off the upkeep of the expensive parks and debts to another company whilst shuffling the management to another part of their business to make it look more profitable and make Chairman Wang a lot of money in the process. This makes me think we will see more changes as they try to reduce their debts from building so much in a short space of time.

Wanda Hotel Development, a Hong Kong-listed unit of China’s entertainment to property giant Dalian Wanda group, is to spend $1 billion to buy theme park and hotel management businesses from other parts of the group. Currently under siege, Dalian Wanda says that the moves will make Wanda Hotel an offshore “strategic platform.”

In a regulatory filing made late at night on Wednesday, Wanda Hotel Development said that it would pay $926 million (RMB6.3 billion) to Dalian Wanda chairman Wang Jianlin’s private company Wanda Culture to buy Wanda Travel. The company is mainly involved in theme park design, construction and operation management.

Source: http://variety.com/2017/biz/asia/china-wanda-shuffles-theme-park-hotel-assets-1202521561/

Some pretty cool concept art for the new Intamin Impulse heading to Wanda City in Wuxi, China for 2018.

Source: https://twitter.com/VHCoasters/status/893618246972317698

The massive new B&M wing coaster at Wanda City in the Chinese city of Wuxi has gone vertical.

Source: https://twitter.com/VHCoasters/status/892411507883077632

Wanda Group has announced that it will sell 91% of its cultural tourism city and 100% of its hotel operations to Sunac China Holdings for US$9.3 billion. The deal includes thirteen cultural tourism cities in Wenshang, Nanchang, Hefei (above photo), Harbin, Wuxi, Qingdao, Guangzhou, Chengdu, Chongqing, Guilin, Jinan, Kunming, and Haikou.

Under the sales agreement, the cultural tourism cities will retain the Wanda name, with design, construction, and management to be continued by Wanda.

Source: http://www.inparkmagazine.com/wanda-group-susan/

A first image of the junior suspended coaster now installed at the new indoor Wanda Theme Park in Qingdao, China.

Source: https://twitter.com/VHCoasters/status/882649083378315265

Wanda Harbin Cultural Tourism City is now open!



Sources: https://twitter.com/dalianwanda/status/880591766436622336 and http://www.gaoloumi.com/forum.php?mod=forumdisplay&fid=107

Another Wanda City is in the works. This one is in Kunming, a city in China’s southern Yunnan province.

Wanda Group paid a little over $1 Billion for the land and the cost of the development itself is about $4.5 Billion.

Kunming Wanda City will be completed in 2019.

Location is the light blue area:





Kunming Wanda City will include: "a new entertainment paradise, Ocean Paradise, a six-star hotel"



Sources: http://www.asiaattractions.net/news/show-3041.html and http://yn.leju.com/news/2017-06-08/15596278490556528382634.shtml and http://m.leju.com/news-yn-6253479851928637571.html and http://www.weidu8.net/wx/1013149793194434 and http://m.v4.cc/News-4728404.html

Additional information on Wanda Jinan Culture, Sports and Tourism City:

The cost of the 5.3 million square meter project is 31 billion yuan (about $4.5 billion) and construction is beginning this year and is on track for its 2021 completion



Location:



Source: http://chuansong.me/n/1429320252694?jdfwkey=flj8i1

New satellite imagery from May 16, 2017 just came out for Qingdao showing the significant progress being made on Wanda Oriental Movie Metropolis which includes an indoor theme park. Concept rendering is included below for reference:





Sources: http://www.scmp.com/magazines/post-magazine/film-tv/article/1896765/why-chinas-richest-man-building-hollywood-east and https://goo.gl/maps/PZvSbBfTtDm