Finalised on the 29 September 2006, the acquisition saw Village Roadshow Ltd pay $20million for the remaining interest in the resort held by Japanese based company, Nara Australia.
Village Roadshow Ltd also own 100% interest in five of the Gold Coast�s major theme parks - Sea World, Warner Bros. Movie World, Wet�n�Wild Water World, Paradise Country and Australian Outback Spectacular. The addition of Sea World Resort to this family reinforces its position as �Australia�s Number One Theme Park Resort�.
Linked by monorail to Sea World, Sea World Resort is known for its warm service and �family friendly� facilities. As the theme park and resort tighten their relationship, for guests who stay it will be �just like living at Sea World�.
Resort General Manager, Ernst Pfister says, � I am delighted with the new changes and look forward to a closer working relationship with the theme parks. I am confident that this relationship will enable us to continue to offer the best theme park holiday experiences to our guests. �
John Menzies, CEO for Warner Village Theme Parks, is also delighted to welcome Sea World Resort as a full member of the WVTP family and will be actively involved in future changes to enhance the resort. Plans are currently being finalised for a $2million upgrade to Sea World Resort�s lobby and Shoreline Restaurant. Further refurbishments, including the installation of LCD televisions in all rooms, are also planned for 2007.