Hawaiian Falls The Colony water park, rated one of the best water parks in Texas, offers thrilling water rides and water slides for the entire family. Hawaiian Falls The Colony is also your Dallas water park, Plano water park, Gainsville water park, Lewisville water park, Denton water park, and Frisco water park destination. Come by Hawaiian Falls The Colony this summer where family memories are created and cherished for years to come. Bring your family close together all summer long with a water park season pass.