September 16, 2015 03:15 PM

Mario Lopez doubled the birthday celebrations with a joint carnival-themed party for his kids — daughter Gia Francesca, who turned 5 on Friday, and son Dominic Luciano, who turned 2 on Sept. 9.

“I loved the carnival theme, and I love that the kids are born two days apart so I can do the combo birthday party,” the Extra host, 41, tells PEOPLE. “I’m going to try to get away with that as long as I can!”

Lopez and his wife Courtney, 33, invited 80 guests to their Los Angeles-area home on Saturday to celebrate their kids’ milestones with plenty of carnival fun, including a magician, a face painter, a balloon artist, a bouncy house, and what the host describes as “the biggest piñata that you’ve ever seen.”

Dawn Gregg

Partygoers — who received their invites via ECHOage, benefiting Jameson’s Army — feasted on foods fitting the theme, including homemade pizza from Prova Pizza, cotton candy, popcorn and hot dogs.

Chalkboard art by JR Thompson – Dawn Gregg

“[The kids] just loved the colors and the feel of it,” says Lopez. “They had a great time.”

Treats by Polkatots Cupcakes – Dawn Gregg

After the festivities ended, guests took home favor boxes that included personalized Mabel’s Labels, Net Nanny Internet protection software, animal fact cards, Ella + Mila nail polish and carnival stickers.

Dawn Gregg

For Lopez, seeing his two kids turn another year older is “bittersweet.”

“I’d love to see them stay small, but I’m so happy to see them growing up into respectful, polite big kids,” he says. “That’s what’s most important to me.”

Dawn Gregg

To read more about Lopez’s carnival kids’ party, and to see photos, pick up the latest issue of PEOPLE, on newsstands Friday.

— Gabrielle Olya

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