Is Hershey Park Still Owned by The Hershey Company?
The ownership of Hershey Park has been a point of curiosity for many years. As of the last update in August 2023, the situation continues to be an interesting aspect of the Hershey brand. This article aims to clarify the current ownership and provide a detailed analysis of how the Hershey Company relates to Hershey Park and its operations.
The Current Ownership Structure
The Hershey Company still holds a special relationship with Hershey Park, though it is not the direct owner. The park is currently operated by Hershey Entertainment and Resorts Company, a subsidiary of The Hershey Company. This distinction is crucial to understanding the interplay between the chocolate giant and the amusement park.
Hershey Entertainment and Resorts Company manages Hershey Park, ensuring that the park aligns with the iconic Hershey brand and the rich history of the region. This subsidiary is responsible for the day-to-day operations and maintenance of the park, including attractions, events, and customer experiences.
Historical Context and a Family Legacy
The ownership of Hershey Park and related entities has its roots in the early 20th century, when it was created by Milton Hershey. Milton Hershey, the founder of the Hershey Chocolate Company, laid the groundwork for what would become one of the most recognized amusement parks in Pennsylvania. He had a vision for a family-friendly destination that would complement his chocolate and confectionery business.
Over the years, the ownership and management structure have evolved. Milton Hershey’s heritage is still evident, as many historical structures and traditions in Hershey Park reflect the original vision. However, as of my last update in 2023, these properties are managed by different entities within the Hershey family of businesses.
The Hershey Trust and Board Overlap
It's important to note that The Hershey Trust, an integral part of the Hershey Company, has interests in both the Hershey Entertainment and Resorts Company and other related entities. The Hershey Trust is responsible for the long-term financial interests of the Hershey Company and its employees. This includes managing the assets and ensuring the financial stability of the company for future generations.
Interestingly, there is some overlap in the Board of Directors between Hershey Entertainment and Resorts and The Hershey Trust. This synergy ensures a cohesive approach to managing the assets of the Hershey family, striving to maintain the integrity and growth of the Hershey brand while balancing the needs of various stakeholders.
Related Properties and Attractions
While Hershey Park is operated by a subsidiary, other adjacent properties and attractions are owned by The Hershey Company. For instance, Hersheypark Stadium, located near the park, is part of the broader Hershey Entertainment and Resorts portfolio. In contrast, Hersheys Chocolate World, a popular tourist attraction, is owned outright by The Hershey Company. These distinctions highlight the complex nature of ownership within the Hershey empire.
Hersheys Chocolate World, located just a stone’s throw from Hershey Park, is a fascinating destination for visitors interested in the history of chocolate production. It offers tours, demonstrations, and tastings, providing a comprehensive experience for chocolate enthusiasts. The park itself, while operated by a subsidiary, benefits from the Hershey brand and the cultural heritage associated with the chocolate industry.
Conclusion
The ownership of Hershey Park has evolved over time, with The Hershey Company maintaining a significant role through its subsidiary, Hershey Entertainment and Resorts Company. The Hershey Trust and the Board overlap ensure a unified vision for the management of these valuable assets. Understanding the current ownership structure is critical for any enthusiast or investor interested in the Hershey brand and its legacy.