Technogym
Technogym
Technogym

'No plans' to open SeaWorld park in China, says operator

SeaWorld has quashed rumours of a planned expansion into China, with the operator saying it has "no plans" to open a SeaWorld park in the country.

There has been talk of SeaWorld moving into the Chinese market for some time, with Chinese investors Zhonghong Zhuoye Group (ZZG) taking up a majority stake in the operator in March last year.

The deal, which was worth CN¥3bn (US$448.5m, €386m, £342m), included an agreement that SeaWorld would exclusively advise Zhonghong Group on the design and development of future themed entertainment destinations, including theme parks, waterparks and FECs, in China, Taiwan, Hong Kong and Macau.

Speaking later that year, the now former SeaWorld CEO Joel Manby said that plans were still "moving forward in China", with a three-year study to "figure out what is our priority" in the region.

In February this year, SeaWorld’s interim executive chair, Yoshikazu Maruyama, said that ZZG sees "the huge potential of the opportunity with the SeaWorld brand in China in the future", though a new statement from SeaWorld seems to put a damper on that statement.

Speaking to Attractions Management, a representative for SeaWorld said that the operator was not planning to open a park in China any time in the near future.

"We have no plans to open a SeaWorld park in China and, accordingly, have not made any announcements to that effect," said the statement.

China's government has been trying to rein in risky lending and debt in its property sector, including new regulations for theme parks and a tightening of the reins for property giant Wanda.

Outside of its SeaWorld interest, in April, ZZG disclosed in a regulatory filing that it had defaulted on more than CN¥1.1bn (US$161m, €139m, £123m) in borrowings, adding to overdue debt that totalled CN¥2.27bn (US$333m, €286m, £254m). ZZG is currently trying to reach a deal with the Shenzhen-based Kaisa Group over the CN¥1.4bn (US$205m, €176m, £157m) sale of the shares in its Ruyi Island Project in Hainan, which would offer some relief to its debt burden. As part of increased scrutinies over such deals, Chinese authorities have asked for more information regarding the intended use of proceeds from the equity sale and the development status of the project, which is being built at a cost of CN¥12.9bn (US$1.89bn, €1.62bn, £1.44bn) and is due to open in 2019. ZZG had previously referenced 'SeaWorld Haikou' – an indoor family entertainment centre planned for the island – though with the planned sale and statement from the operator, that project appears to be dead in the water.

SeaWorld  China  Zhonghong Zhuoye Group  ZZG  Joel Manby  Yoshikazu Maruyama  Kaisa Group  Ruyi Island  Hainan 
Related stories
09 May 2018

SeaWorld targets British tourists as operator plans to reclaim lost visitors

08 May 2018

Results improving for SeaWorld as operator records strong first quarter

03 Apr 2018

Sesame Place becomes first theme park to be named certified autism centre

05 Mar 2018

Further senior departures from SeaWorld following Joel Manby's resignation

28 Feb 2018

Huge potential in SeaWorld despite rough year, says Zhonghong Zhuoye Group's Maruyama

27 Feb 2018

Joel Manby resigns as SeaWorld CEO as operator launches search for successor

21 Nov 2017

SeaWorld's Brian Morrow reveals design theory behind 'Experiences That Matter'

SeaWorld has quashed rumours of a planned expansion into China, with the operator saying it has "no plans" to open a SeaWorld park in the country. There has been talk of SeaWorld moving into the Chinese market for some time, with Chinese investors Zhonghong Zhuoye Group (ZZG) taking up a majority stake in the operator in March last year. The deal, which was worth CN¥3bn (US$448.5m, €386m, £342m), included an
TAW,VAT
A statement said that SeaWorld has no plans to bring a park to China
More news
News stories: 1 - 30 of 7690     
 
 
 
News stories: 1 - 30 of 7690     
 
 
 
company profile
Company profile: Painting With Light
Painting with Light is a team of professional lighting and multimedia experts who design and produce visual experiences that dazzle & shine.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The museum’s glass façade was designed to evoke a pleated Roman toga
Elizabeth de Portzamparc
"We need to stop the destruction of our world through predatory practices. We need to think of the future"

The architect behind Nimes’ Musée de la Romanité on designing to counter loneliness and the need for more cultural buildings

Culture: Alexander Schwarz
Alexander Schwarz
"Our aim was to create a place celebrating public space and accessibility"

The opening of the James-Simon- Galerie on Berlin’s Museum Island completes two decades of work for David Chipperfield Architects. The lead designer talks us through the building

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
Interview: Blurred lines
Scott Lee became president of SB Architects in 2000. Tracy Lee founded TLee Spas in 2015
"We design to connect the guest to the place, positioning people at the centre of the design"

Architect Scott Lee and spa consultant Tracey Lee on marrying the worlds of design and wellness in a series of interesting projects

Architecture is by Hugo Demetz, who designed the property to try and integrate it into its natural surroundings
"Wellness embraces the entire holiday experience"

The design of the newly-opened Lefay Resort and Spa Dolomitti in Italy aims to celebrate and protect its spectacular surroundings

features
Tina Norden
"We have created an approach which is playful, provocative but also functional"

Conran and Partners’ Tina Norden on playing with colour at Prague’s newly redesigned Hotel Maximilian

Houston’s Memorial Park is being restored following hurricane damage
Thomas Woltz
"I am very proud of stewarding the largest public space to be built in Manhattan in a century"

The Wall Street Journal’s Design Innovator of the Year on designing the gardens at Hudson Yards and looking to the Native Americans for ideas on how to create a resilient future

cladkit product news
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
cladkit product news
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
cladkit product news
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym