Ferrari Plans Theme Park in Spain

Ferrari SpA will open a €100 million theme park called Ferrari Land in in 2016 at the PortAventura resort in Barcelona.

The complex will include a 250-room hotel, driving simulators and Europe's fastest vertical rollercoaster, according to the Financial Times. Ferrari already operates a similar attraction in Abu Dhabi and is contemplating another in Asia.

The PortAventura development is owned by private equity firms KKR and Investindustrial. The latter firm owns nearly 40% of rival British supercar maker Aston Martin Lagonda.

The Spanish facility is Europe's third-largest resort, attracting some four million visitors annually. Developers tell the FT they expect Ferrari Land to draw an additional 500,000 patrons per year.

--