Did Cedar Fair buy Schlitterbahn?

Cedar Fair bought Schlitterbahn's New Braunfels and Galveston locations for $261 million in 2019. SeaWorld made a bid of about $60 per unit in cash for Sandusky, Ohio-based Cedar Fair, according to the people, who asked not to be identified because the information is private.

Is Schlitterbahn owned by Cedar Fair?

This is a follow-up to a post I wrote in June 2019, shortly after Cedar Fair purchased Schlitterbahn, which happens to be our favorite water park.

When did Cedar Fair buy Schlitterbahn?

In Texas, Cedar Fair is best known as the company that bought the popular Schlitterbahn water parks in New Braunfels and Galveston in 2019.

Did SeaWorld buy Schlitterbahn?

SeaWorld's bid to expand its theme park empire has fallen on deaf ears.

Who bought Schlitterbahn KC?

Schlitterbahn, now owned by Cedar Fair Entertainment, now operates only two parks in Texas.

Cedar Point's parent company Cedar Fair buys iconic Schlitterbahn water parks

Does the Henry family still own Schlitterbahn?

While the New Braunfels and Galveston properties are changing hands, members of the Henry family will retain ownership of the Schlitterbahn water park on South Padre Island. That park eventually will be rebranded. The Corpus Christi water park will remain under the Diamond Beach corporate umbrella.

Did Schlitterbahn close permanently?

The ride will be decommissioned and closed permanently once an investigation has concluded and it has been given permission by the court. "In our opinion, it is the only proper course of action following this tragedy," the park said.

Who is buying Schlitterbahn?

Cedar Fair signed a definitive agreement to acquire Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston in 2019, agreeing to pay more than $260 million for the two properties.

Why did Schlitterbahn change its name?

The Texas waterpark will take on a new name and logo.

Ownership for the property will remain the same. The change comes as part of an ownership shift involving an agreement to sell the New Braunfels and Galveston locations.

What happened to Schlitterbahn New Braunfels?

Schlitterbahn said in a news release it sold a water park and resort in New Braunfels, Texas, and another property in Galveston, Texas, to Cedar Fair Entertainment Co. in a $261 million deal. Sandusky, Ohio-based Cedar Fair also will have the right to buy Schlitterbahn's Kansas water park for $6 million in cash.

Why did Corpus Christi Schlitterbahn close?

However, the water park operated only four years; it opened in 2016 and closed in 2020 due to the COVID-19 pandemic. And soon, the waterpark is slated to be torn down for a masterplan mixed-use development with residential and commercial real estate as well as hotels, Smith said.

What does Schlitterbahn mean in German?

After some brainstorming, they settled on it Schlitterbahn, a made-up word combining the German word for slippery – Schlitter – with the German word for road – Bahn. The park opened in the summer of 1979.

Was Schlitterbahn sold?

(NYSE: FUN), the companies announced June 13. Cedar Fair signed a definitive agreement to purchase Schlitterbahn Waterpark and Resort New Braunfels and Schlitterbahn Waterpark Galveston from the longtime owners, the Henry family, for $261 million.

Why did Schlitterbahn in South Padre Island close?

Beach Park At Isla Blanca, previously known as Schlitterbahn South Padre Island, splashes back into action on Friday, May 21, after being closed for more than a year due to the coronavirus pandemic.

Is Schlitterbahn still open?

In 2018, the last operating season of the park, four attractions remained closed throughout the season after an audit by regulators found that each did not comply with the Kansas Amusement Ride Act. Demolition of Verrückt began on November 1, 2018. The park did not open for the 2019 season.

What is replacing Schlitterbahn in Kansas City?

Multi-sport development, Margaritaville proposed to be built at former Schlitterbahn site. KANSAS CITY, Mo. — Developers detailed a new sports-focused project Tuesday that is proposed to be built at the former Schlitterbahn Waterpark site in Kansas City, Kansas.

Is Schlitterbahn the largest water park?

Size. Schlitterbahn New Braunfels is the 'World's Best and Biggest Waterpark', holding 4 parks in one. It has been voted the #1 Waterpark in the World for 22 years now, holding 51 attractions scattered over 70 acres.

How many Schlitterbahn's are in Texas?

With four locations across the state of Texas, Schlitterbahn is easily Texas' most prolific and beloved waterpark.

What happened at Schlitterbahn in Kansas?

Republican lawmaker Scott Schwab's son Caleb died on the Verruckt attraction at Schlitterbahn Waterpark in Kansas City. The 168ft-high Verruckt, which means "insane" in German, was certified as the world's tallest water slide by Guinness World Records.

Who owns Schlitterbahn in Galveston?

Sandusky, Ohio-based Cedar Fair Entertainment Company bought Schlitterbahn's New Braunfels and Galveston water parks for $261 million in July. Cedar Fair planned to invest as much as $20 million between both Texas locations over the next few years.

When did Schlitterbahn sell?

On May 1, 2018, IBC Bank took over ownership of the park at foreclosure auction. Schlitterbahn continues to operate and market it for the new owner. The property was rebranded as Waves Resort Corpus Christi.

How many Schlitterbahn parks are there in New Braunfels?

The original lodging and waterpark combo, the Resort at Schlitterbahn is over 50 years old (older than the waterpark) and has the most varied room types of any of the three Schlitterbahn resort properties.

Where is Schlitterbahn located?

Schlitterbahn Galveston is a 26-acre oasis of thrilling waterpark adventures. Rivers connect for a mile of fun through three distinct park sections. Located just outside Houston on historic Galveston Island, the park features more than 33 attractions.