Printed: Jul. 19, 2022 at 10:17 AM EDT
Three Indoor Theme Parks Be a part of Rising Portfolio of Household Leisure Facilities
LEXINGTON, Ky., July 19, 2022 /PRNewswire/ — 5 Star Parks & Points of interest has accomplished the acquisition of three areas of Malibu Jack’s Indoor Theme Parks within the cities of Lexington, Louisville, and Ashland, Kentucky. This brings 5 Star’s holdings to 16 household leisure facilities (FEC’s)* in eight states.
5 Star Parks & Points of interest has accomplished the acquisition of three areas of Malibu Jack’s Indoor Theme Parks.
Since June 2021, 5 Star has sought out FEC companions which might be already using artistic practices throughout the business, however which have a need to develop or enhance and might due to this fact profit from the experience and monetary backing supplied by 5 Star and its management crew. The brand new association ensures a continued relationship with the unique Malibu Jack’s management crew, which is able to construct and open further parks beneath the 5 Star model.
5 Star was drawn to Malibu Jack’s due to the corporate’s progressive strategy to creating “indoor theme parks” by remodeling vacant buildings into leisure areas somewhat than constructing new venues from the bottom up. The Hatton household – brothers Steve, Terry and Jeff – opened the primary Malibu Jack’s location in Lexington 9 years in the past, then expanded into Louisville. Each websites rapidly gained recognition and had been relocated to the 2 bigger amenities that exist at this time. The third web site opened in December 2021 in Ashland.
“Our objective has at all times been to discover a method that we, as entrepreneurs, may additionally make a constructive impression on our communities, turning what had been an eyesore or empty retailer into a spot that brings pleasure to residents and guests alike,” stated Terry Hatton. “We love that problem, and what appeals to us about this partnership with 5 Star is that we’ll be capable to develop our attain, bringing our authentic imaginative and prescient to households throughout the nation.”
Although sights range by web site, the Malibu Jack’s indoor theme parks function bowling alleys, go-kart tracks, miniature golf, laser tag, a wide range of rides, arcades and a signature youngsters’ play space often known as Bounce Seaside. Every new web site creates about 100 jobs for its local people and prides itself on providing a clear, secure and enjoyable surroundings for household leisure.
“That is an thrilling time for the model,” stated David Hasler, the CEO of Malibu Jack’s. “Within the final six months we might been getting ready our crew for development – realigning roles, optimizing techniques and enhancing current processes. We’re energized about working alongside the 5 Star crew to appreciate Malibu Jack’s model potential.”
“Since our inception, 5 Star Parks & Points of interest has been targeted on discovering companions who’ve developed artistic methods to actually make a distinction in our business,” stated John Dunlap, 5 Star’s CEO. “With Malibu Jack’s, the Hatton household discovered a option to not solely ship on a promise of year-round household enjoyable but additionally to repurpose current buildings and make a constructive impression on their communities. We look ahead to collaborating with them to see what we are able to do to make Malibu Jack’s a family identify from coast to coast.”
Different 5 Star companions embody all three areas of The Monitor Household Enjoyable Parks in Branson, Missouri; two areas of Dubby’s Points of interest in Branson and three in Pigeon Forge, Tennessee; and all 5 areas of Celebration Station, within the prime suburban areas of Clearwater, Florida; Baton Rouge, Louisiana; Greensboro, North Carolina; Oklahoma Metropolis, Oklahoma; and Mesquite, Texas.
*What Is an “FEC”?
Household Leisure Facilities are an vital a part of the worldwide amusement business. They convey households collectively by providing an array of actions, which might embody arcades and video games, batting cages, bowling alleys, bumper boats and automobiles, go-karts, laser tag, miniature golf, rides, curler rinks, VR experiences, ziplines, and extra. Typically FEC’s embody eating parts, from ice cream stands and snack bars to full-service eating places and meals vehicles.
About Malibu Jack’s
Malibu Jack’s operates huge indoor theme parks with sights and video games for company of all ages. Yearly, practically 1 million company expertise go-karts, miniature golf, bowling, thrill rides, child’s zones, digital actuality sights, arcade video games and extra. Malibu Jack’s areas provide area for giant company occasions, area journeys, birthday events and vacation occasions.
About 5 Star Parks & Points of interest
5 Star Parks & Points of interest is a platform created to associate with and spend money on main household leisure facilities (FEC’s), instituting constructive modifications aimed toward creating superior leisure experiences for households. Properties partnering with 5 Star profit from the eagerness and experience of leaders who’ve spent their careers within the amusement and hospitality industries, and from the monetary backing essential to create improved visitor experiences and long-term success. As a part of its ongoing development technique, 5 Star is focused on listening to from current FEC’s that could be focused on becoming a member of the crew and studying concerning the group’s future plans.
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SOURCE 5 Star Parks & Points of interest
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