Profile: Cedar Fair LP (FUN)
18 Dec 2014
Cedar Fair, L.P., incorporated on March 4, 1987, is a limited partnership company. The Partnership is the regional amusement park operators in the world and owns eleven amusement parks, four outdoor water parks, one indoor water park and five hotels. During the year ended December 2012, the Partnership entertained more than 23 million visitors. All of the Partnership's parks are family-oriented, with recreational facilities for people of all ages, and provide clean and attractive environments with rides and entertainment. The amusement parks include: Cedar Point, located on Lake Erie between Cleveland and Toledo in Sandusky, Ohio; Kings Island near Cincinnati, Ohio; Canada's Wonderland near Toronto, Canada; Dorney Park & Wildwater Kingdom (Dorney Park), located near Allentown in South Whitehall Township, Pennsylvania; Valleyfair, located near Minneapolis/St. Paul in Shakopee, Minnesota; Michigan's Adventure located near Muskegon, Michigan; Kings Dominion near Richmond, Virginia; Carowinds in Charlotte, North Carolina; Worlds of Fun located in Kansas City, Missouri; Knott's Berry Farm, located near Los Angeles in Buena Park, California; and California's Great America (Great America) located in Santa Clara, California. Additionally, the Partnership has a contract to manage and operate Gilroy Gardens Family Theme Park in Gilroy, California.
The Partnership also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio, and four separately gated outdoor water parks. Two of the outdoor water parks are located adjacent to Cedar Point and Knott's Berry Farm, the third is in Palm Springs, California, and the fourth is Wildwater Kingdom (formerly known as Geauga Lake) located near Cleveland in Aurora, Ohio. All rides and attractions at the amusement and water parks are owned and operated by the Partnership.
Cedar Fair's flagship park, Cedar Point is located on a peninsula in Sandusky, Ohio bordered by Lake Erie and Sandusky Bay, it's approximately 60 miles west of Cleveland and 100 miles southeast of Detroit. Cedar Point serves a six-state region which includes nearly all of Ohio and Michigan, western Pennsylvania and New York, northern West Virginia and Indiana, as well as southwestern Ontario, Canada. The park's total market area includes approximately 26 million people, and the areas of dominant influence (Cleveland, Detroit, Toledo, Akron, Columbus, Grand Rapids, Flint and Lansing) include approximately 15 million people.
Wildwater Kingdom, located near Cleveland, Ohio, is a seasonal water-park that is operated as a division of Cedar Point. The park offers many water rides and attractions, including numerous water slides, a giant wave pool, a lazy river inner tube ride and two children's areas, as well as various food and merchandise shops.
Cedar Point also owns and operates four hotels. The park's only year-round hotel is Castaway Bay Indoor Waterpark Resort, which is located at the Causeway entrance to the park. Castaway Bay features a tropical Caribbean theme with 237 hotel rooms centered around a 38,000-square-foot indoor water park. The park's hotel, the historic Hotel Breakers, has more than 600 guest rooms. Hotel Breakers has various dining and lounge facilities, a private beach, lake swimming, a conference/meeting center, an indoor pool and two outdoor pools. Located near the Causeway entrance to the park, Breakers Express is a 350-room, limited-service seasonal hotel. In addition to Hotel Breakers and Breakers Express, Cedar Point offers the lake-front Sandcastle Suites Hotel, which features 187 suites, a courtyard pool, tennis courts and a contemporary waterfront restaurant.
Cedar Point also owns and operates the Cedar Point Marina, Castaway Bay Marina and Camper Village. Cedar Point Marina is one of the full-service marinas on the Great Lakes and provides dock facilities for more than 740 boats, including floating docks and full guest amenities. In addition, Cedar Point Marina features two restaurants accessible by the general public. Castaway Bay Marina is a full-service marina featuring 180 slips. Camper Village includes more than 100 RV campsites and Lighthouse Point, which offers lake-front cottages, cabins and full-service RV campsites.
Knott's Berry Farm
Knott's Berry Farm, located near Los Angeles in Buena Park, California. The park is one of several year-round theme parks in Southern California and serves a total market area of approximately 20 million people centered in Orange County and a national and international tourism population. The Partnership also owns and operates two water parks in California. Adjacent to Knott's Berry Farm is Knott's Soak City-Orange County, a separately gated seasonal water park that features more than 20 water rides and attractions. Knott's Soak City-Palm Springs is a 17-acre seasonal water park, located in Palm Springs, California, that offers 20 separate water rides and attractions, including 13 water slides, a giant wave pool, a lazy river inner tube ride and a children's activity area, as well as various food and merchandise shops.
Canada's Wonderland is a combination amusement and water park located near Toronto in Vaughan, Ontario. It contains more than 200 attractions, including 16 roller coasters, and is one of the attended regional amusement parks in North America. Canada's Wonderland is in a culturally diverse metropolitan market with populations of different ethnicities and national origins. Each year, numerous cultural festivals featuring renowned music artists from across the world perform in the Kingswood Music Theatre located within the park. The park's total market area includes approximately nine million people.
Kings Island is a combination amusement and water park located near Cincinnati, Ohio. Kings Island is one of the seasonal amusement parks in the United States, measured by the number of rides and attractions and the hourly ride capacity. The park features a children's area that has been named the Best Kids' Area in the World. The park's total market area includes approximately 15 million people, and the areas of dominant influence in this market area, which are Cincinnati, Dayton and Columbus, Ohio, Louisville and Lexington, Kentucky, and Indianapolis, Indiana, include approximately eight million people.
Dorney Park is a combination amusement and water park located near Allentown in South Whitehall Township, Pennsylvania. The park's total market area includes approximately 19 million people and the areas of dominant influence in this market area, which are Richmond and Norfolk, Virginia, Raleigh, North Carolina, Baltimore, Maryland and Washington, D.C, include approximately 12 million people.
Additionally, the park offers Kings Dominion Campground, a camping area featuring a swimming pool, playground, volleyball courts, miniature golf, and laundry facilities. The campground also offers a free shuttle service between the campground and amusement park.
Carowinds is a combination amusement and water park located in Charlotte, North Carolina. Carowinds' markets include Charlotte, Greensboro, and Raleigh, North Carolina as well as Greenville and Columbia, South Carolina. The park's total market area includes approximately 14 million people.
Great America is a combination amusement and water park located in Santa Clara, California. The park's total market area includes approximately 13 million people and draws its visitors primarily from San Jose, San Francisco, Sacramento, Modesto and Monterey, among other cities in northern California.
Valleyfair is a combination amusement and water park located near Minneapolis-St. Paul in Shakopee, Minnesota. It is the amusement park in Minnesota. Valleyfair's market area is centered in Minneapolis-St. Paul, which has a population of approximately three million, but the park also draws visitors from other areas in Minnesota and surrounding states with a combined population base of nine million people.
Worlds of Fun
Worlds of Fun and Oceans of Fun is located in Kansas City, Missouri, Worlds of Fun serves a total market area of approximately seven million people centered in Kansas City, as well as of Missouri and portions of Kansas and Nebraska. Oceans of Fun is located adjacent to Worlds of Fun . Oceans of Fun features a wide variety of water attractions, including numerous water slides, a giant wave pool, a lazy river inner tube ride and children's areas, as well as various food and merchandise shops. Worlds of Fun also features Worlds of Fun Village, an upscale camping area that offers overnight guest accommodations next to the park in 20 wood-side cottages, 22 log cabins and 80 deluxe RV sites. Also, included within the Village is a clubhouse with a swimming pool and arcade games.
Michigan's Adventure is the amusement park in Michigan. The combination amusement and water park located near Muskegon, Michigan serves a total market area of approximately five million people, principally from central and western Michigan and eastern Indiana.
Cedar Fair LP
One Cedar Point Drive
SANDUSKY OH 44870-5259