Master agreements gain strength in the United States12/17/2021
Crystal Lagoons master agreements are contracts that include a significant number of Public Access Lagoons™ projects to develop them in designated geographical areas. In recent times, these agreements have gained strength in the world and also in the United States.
An example of this is the one signed with Epic and Mattel for 16 public access projects, also known as PAL™ developments, in different areas of the United States.
The first one is “Crystal Lagoons Island Resort”, a PAL™ project with which Mattel debuts in the amusement park industry with its brand “Mattel Adventure Park”. It develops in Arizona and it should be open in conjunction with the 2023 Super Bowl, at the Arizona Cardinals stadium, which is adjacent to the project. The idea is that the Super Bowl events take place around the lagoon.
It is a 20 hectares megaproject, surrounding a 4 hectares crystal reservoir and the first Mattel’s amusement park. It will incorporate full-scale roller coasters, Hot Wheels go-karting circuits, Thomas in and outdoor trains, themed food and other entertainments.
The next two projects are expected to be developed out in the states of Texas and Mississippi.
“Leading players in their industries, like Mattel, join under the PAL™ projects to develop new business, because they have identified the model’s triumph worldwide and in the USA. In fact, in the American market Crystal Lagoons has had a meteoric success with its presence in Florida, Texas, California, Alabama, Georgia, Washington DC, and North and South Caroline, among other states”, explains Ivan Manzur, Senior Vice President of Sales de Crystal Lagoons US Corp.
A second mega contract will allow Crystal Lagoons to bring Caribbean flair to Orlando with turquoise waters, white sands and watersports, through at least five PAL™ projects.
The multinational innovation company signed a master agreement with ADËLON Capital for a set of public access projects that include Orlando, Orange, Seminole, Osceola and Sumter Counties. However, ADËLON Capital plans to expand to other strategic locations in the USA, according to Crystal Lagoons.
Even though the city has multiple water parks, it is an urban area with no coastline and no beach culture. But that is what Crystal Lagoons wants to change.
The first project in Orlando, the world’s center of amusement parks, but the only thing missing is beach life, is announced for 2023. Besides, all PAL™ complexes will not only offer beach life and entertainment, but also hotels, developments multifamily, shops, restaurants, spaces for weddings, conferences, concerts and more.
Currently, the United States is the main market for Crystal Lagoons operations worldwide with more than 221 projects in different stages of development and negotiation.
Some of the most recognized real estate projects are Sole Mia, Balmoral, Windsong Ranch, Lake Nona, Sierra Vista, among others and the successful PAL™ projects, in Florida and Texas, Epperson and Lago Mar, respectively.
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