Hard Rock Park Chapter 11

Hard Rock Park is not going out of business. In conjunction with the filing, the Park will close for the season to allow management to focus on the restructuring efforts. Following the completion of this process, Hard Rock Park intends to re-open for the 2009 season with enhanced financial flexibility.

Chapter 11 is a common process that allows companies to restore their financial health so they can continue as stronger business. Many other well known companies such as Chiquita, Delta Airlines, Macy’s and Continental Airlines have emerged from this process as stronger, successful companies.

With small crowds this summer and high priced ticket some say they saw it coming but, park officials have just announced the chapter 11 status and the park closing for the season.


The company has announced on their website, HRP Myrtle Beach Holdings, LLC, the parent company of Hard Rock Park that consumer spending, frozen credit markets, plus rising fuel costs have had a significant impact on tourism on the Grand Strand.


Hard Rock Park officials say they will reopen next spring. Chief Executive Officer Steven Goodwin says Chapter 11 Bankruptcy will help them reorganize and address financial issues.

Park officials say it is questionable whether current season ticket holders will receive refunds or any extensions.