Local Owners Ponder Sale of LEGOLAND Malaysia Resort

Through the UK theme park operating company Merlin Entertainments, LEGO lends its name to the various LEGOLAND Resorts all over the world. With eight already open and no less than three more under construction, LEGOLAND is steeping up to be a major international theme park chain. LEGO fans and their families enjoy these resorts greatly.

In Asia, two LEGOLAND parks can be found. One of them is LEGOLAND Malaysia Resort in Iskandar Puteri, Johor District. The original theme park complex opened in 2012, followed by LEGOLAND Water Park in 2016. It boasts being the first LEGOLAND to feature the company’s virtual reality roller coaster attraction.

But for all its hype, LEGOLAND Malaysia hasn’t been getting a lot of visiting guests especially in 2018. According to Bloomberg the park’s Malaysian owner, the state-owned sovereign wealth fund Khazanah Nasional, has begun considering options for selling the resort.

Finance insiders shared with Bloomberg that Khazanah is waiting for suitable offers before committing to an announcement of the sale. This was revealed through a recent Kuala Lumpur press conference with the sovereign wealth fund’s managing director Shahril Ridza Ridzuan. No final decision on the matter has been made although interested buyers are already welcome to initiate talks with Khazanah.

If a deal to sell is made soon, the current valuation of LEGOLAND Malaysia Resort is 1 billion Malaysian ringgits ($245 million). This includes the theme park’s debts, exacerbated by low visitor counts last year.

For travelers planning to go to Malaysia (or Singapore, which is closer to Johor than Kuala Lumpur), they can check out booking options for the LEGOLAND Malaysia Resort, LEGOLAND Water Park and the LEGOLAND Hotel at their official website here.

Leave a Reply