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Schlitterbahn, New Braunfels and Galveston, Sold!


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https://www.kxan.com/news/schlitterbahn-sells-new-braunfels-and-galveston-properties/

saw that coming a mile away.  

Quote

The Texas-based company Schlitterbahn Waterparks and Resorts announced Thursday that they are selling two of their properties.

Schlitterbahn entered into an agreement with the Ohio-based company Cedar Fair Entertainment Co. to sell their New Braunfels park and resort property as well as their Galveston Park for $261 million.

“Cedar Fair is a dynamic, brand-oriented company.  Under Cedar Fair’s leadership, the Schlitterbahn brand will have an opportunity to grow and expand like the early days when the sky was the limit,” Schlitterbahn owners said in a statement. “While it’s a difficult decision, after several challenging years, we believe that our team, communities, guests, and fans are going to enjoy what lies ahead.”

Cedar Fair also purchased the right to acquire additional property in Kansas City for future development.

“We are very excited about the opportunity to bring these two award-winning Texas water parks into the Cedar Fair family,” said Cedar Fair’s president and CEO Richard Zimmerman. “These properties represent new markets for us with attractive demographics in the growing Central Texas region, and they align with our strategy to identify compelling opportunities to accelerate our growth and profitability.”

Cedar Fair already owns 13 amusement parks across the country. In 2018, approximately 25.9 million people visited their properties with an estimated 1.35 billion in annual net revenues. The two Schlitterbahn properties purchased by Cedar Fair had a combined 1.2 million guests visit in 2018.

 

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Man I hope that works out for the best for the communities and for Cedar Fair.
Grew up going to Cedar Point, the starting point for what has become Cedar Fair....Cedar Point was one of the best roller coaster parks in the country; and it still is - except for the money grab of preferred line skipping tickets and surge pricing.

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LONG past my Schlitterbahn days with the kids, so don't give much of a shit.

Just expect the price to go even higher, a ban on bring it yourself coolers/food, and for-pay parking and all kinds of restrictions on using rides.  Yay!

Sucks to have non-adult kids (for this).

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23 minutes ago, Wally Fairway said:

Cedar Point was one of the best roller coaster parks in the country; and it still is - except for the money grab of preferred line skipping tickets and surge pricing.

Thank Disney and the others for that.  Once apps and line reservations got big, there was no stopping it.  

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16 hours ago, hornbri said:

Posted: Jun 13, 2019 / 01:07 PM CDTUpdated: Jun 13, 2019 / 01:25 PM CDT”

yeah things like this usually go over a week before someone posts about it. 

Don't lose your head over it.

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21 hours ago, phdhorn said:



Just expect the price to go even higher, a ban on bring it yourself coolers/food, and for-pay parking and all kinds of restrictions on using rides.  Yay!
 

The first 3 things you mentioned will definitely happen. Hopefully they roll them out slowly and maybe only make one big change per year but who knows. Half the town are season ticket holders and that will drop tremendously if they roll everything out at once. Of course they'll make their money back just with the paid parking in about a week or two. Sucks but that's how shit goes I guess. 

 

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