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Cedar Fair Entertainment Co., which operates Schlitterbahn waterparks in New Braunfels and Galveston and practically a dozen far more theme parks, options to devote as significantly as $200 million on its properties for the 2022 period.
It’s a significant financial investment, presented the Ohio-centered company’s most recent fiscal overall performance, but an infusion that could draw extra company back to its parks.
Cedar Honest CEO Richard Zimmerman said the conclusion to make the sizeable money expense was “based on constructive latest traits and our renewed assurance in the restoration of the small business.”
Zimmerman stated the prepared Schlitterbahn enhancements would concentrate on infrastructure and aesthetics all through both parks, together with upgraded food items venues and points of interest.
Enterprise officials stress people advancements will complement Schlitterbahn’s one of a kind character.
Cedar Truthful signed a definitive arrangement to acquire Schlitterbahn Waterpark and Vacation resort New Braunfels and Schlitterbahn Waterpark Galveston in 2019, agreeing to fork out extra than $260 million for the two properties.
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