Is SeaWorld buying Schlitterbahn?

Said SeaWorld in a statement: “We confirm that our offer to acquire Cedar Fair was rejected. Unfortunately, we do not see a path to a transaction.” For now, it's business as usual for Schlitterbahn, which is ramping up for its April 15 opening and looking to hire more than 2,000 workers for its New Braunfels park.

Did SeaWorld buy Schlitterbahn?

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

Is Schlitterbahn out of business?

Schlitterbahn continues to operate and market it for the new owner. The property was rebranded as Waves Resort Corpus Christi. After not operating during 2020 due to the COVID-19 pandemic, the park was closed. The owners intend to demolish it for a mixed-use development.

Did Cedar Fair buy Schlitterbahn?

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. At the time, I was worried that becoming part of a theme park conglomerate would lead to the park losing all of the things which made us fall in love with it.

Who bought 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. SeaWorld's San Antonio marine park is less than 40 miles from Schlitterbahn in New Braunfels.

Is SeaWorld Buying Out Cedar Fair?! Analysis + Will it Happen?

Is Schlitterbahn part of Cedar Fair?

Award-winning water parks including Schlitterbahn—new to Cedar Fair's portfolio—offer the coolest spots in their regions to slide, splash, chill and dine.

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 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.

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 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.

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.

Is Schlitterbahn closing in Texas?

CORPUS CHRISTI, Texas — Many people might recall a lot of relaxing and fun memories at Schlitterbahn and the Waves Resort, but that's all they'll be for now- just memories. The water park and resort was demolished Wednesday after they weren't bringing in revenue.

Why did Schlitterbahn close in South Padre Island?

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.

Where is Schlitterbahn Water Park 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.

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.

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.

How much does Schlitterbahn make a year?

The two Schlitterbahn parks in New Braunfels and Galveston hosted 1.2 million guests in 2018 and generated revenues of approximately $68 million.

Who owns Cedar Fair?

Gilroy Gardens

Cedar Fair acquired the park in the Paramount Parks deal. But, the City of Gilroy purchased the park on March 5, 2008. Gilroy Gardens is the only park that Cedar Fair operates but does not own. At 536 acres, it's the largest park in the Cedar Fair portfolio.

Does Disney own Cedar Fair?

SANDUSKY, Ohio — Cedar Fair, the owner of Cedar Point, Kings Island and several other amusement parks across North America, has received a takeover bid by SeaWorld Entertainment worth a reported $3.4 billion. The figure of $3.4 billion, reported by Bloomberg, equates to about $60 per unit in cash.

Is Schlitterbahn Open in 2021?

The hottest, coolest time in Texas will be back in action on Saturday, May 8. Schlitterbahn Water Park and Resort in New Braunfels is reopening for the 2021 season, which runs until September 6, 2021. The water park did open for a shortened 2020 summer season with COVID-19 protocols in place.

What is the biggest waterpark in the world?

Chimelong Water Park, China – 182 hectares

This is by far the largest water park to date, and you can't think of enough superlatives to describe this entertainment area. Chimelong Water Park has the largest wave pool and the longest lazy river.

Is Schlitterbahn Corpus Christi closing?

The resort closed its doors last May in response to the ongoing COVID-19 pandemic.

How deep is the water at Schlitterbahn?

Gentle swells, a rolling surf, and a maximum depth of four feet mean most of the family can enjoy The Beach Family Wave Pool. For little ones, there's even a Shipwreck Slide at the shallow end of the pool.