Terra Mitica

Terra Mítica is a theme park located in Benidorm, Comunitat Valenciana, Spain. The park is split into 5 themed zones: Egypt, Greece, Rome, Iberia, and the Islands of the Mediterranean. The park opened in 2000. From 2004–2006, the park went via a financial disaster method. In 2001, a year after park opening, Paramount Parks entered into an settlement to manage Terra Mitica, and the park changed into branded as a Paramount Park for the following season. In 2004, Paramount Parks filed for the Spanish equivalent of bankruptcy safety from its creditors. Since then, the park has been running independently.

Terra Mítica emerged from brief receivership in 2006, after restructuring its expenses, decreasing exertions costs, and canceling debt thru the sale of excess park land. After generating, on common, a negative working earnings of 8 million euro per year from its inception, Terra Mítica produced tremendous EBITDA in 2006. For the 2008 season, Terra Mítica added a brand new loose get admission to location inclusive of foremost branded food chains and shops as well as an outdoor adventure park. Plans for the 2009 season encompass the addition to purchasing outlets adjoining to the Iberia segment of the park. A hotel is also deliberate to be built with the aid of Ortiz Hijos inside the vicinity simply in the back of the Egypt section of the park.