KAPOLEI (KHNL) -- An Australian company bought Hawaiian Waters Adventure Park in Kapolei for $27 million.
Villiage Road Show Limited is the purchaser and is Australia's largest theme park owner.
The company says it's looking at developing new attractions.
"The existing park will provide the fundamental infrastructure around which to create a world class, family orientated water park experience in a spectacular 30 acre tropical setting, to which we can apply our highly successful Gold Coast formula that has created one of the world's most successful water parks. The business is also well positioned in the growth corridor of Kapolei with major growth and development planned in the area," said VRL Managing Director Graham Burke.
Hawaiian Waters Adventure is Hawaii's only water-theme amusement park featuring a wide variety of water rides and attractions.