Profile: Cedar Fair LP (FUN.N)

Cedar Fair, L.P. is a limited partnership managed by Cedar Fair Management, Inc. (the General Partner). The Company, along with its affiliated companies (the Partnership), is an amusement park operator, which owns 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. 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. In addition, the Partnership has a management contract for Gilroy Gardens Family Theme Park in Gilroy, California. The Partnership also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio, and six separately gated outdoor water parks. Three of the outdoor water parks are located adjacent to Cedar Point, Knott's Berry Farm and Worlds of Fun, the fourth is located near San Diego, the fifth is in Palm Springs, California, and the sixth is Wildwater Kingdom (Geauga Lake) located near Cleveland in Aurora, Ohio. All rides at the amusement and water parks are owned and operated by the Partnership.

Cedar Point

Cedar Point is located on a peninsula in Sandusky, Ohio bordered by Lake Erie and Sandusky Bay, approximately 60 miles west of Cleveland and 100 miles southeast of Detroit. Cedar Point serves a six-state region in the Midwestern United States, which includes Ohio and Michigan, western Pennsylvania and New York, northern West Virginia and Indiana, and southwestern Ontario, Canada. Located adjacent to the park is Soak City, a separately gated water park that features more than 20 water rides, as well as Challenge Park, which features two 18-hole themed miniature golf courses and two go-kart tracks.

Cedar Point owns and operates four hotel facilities. The park's year-round hotel is Castaway Bay Indoor Waterpark Resort, an indoor water park 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, one indoor pool and two outdoor pools. Located near the Causeway entrance to the park is Breakers Express, a 350-room, limited-service seasonal hotel. In addition to the 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 owns and operates the Cedar Point Marina, Castaway Bay Marina and Camper Village. Cedar Point Marina is a full-service marinas on the Great Lakes and provides dock facilities for more than 740 boats, including floating docks and guest amenities. In addition, Cedar Point Marina features a Dave's Bar-B-Que restaurant and an upscale seafood restaurant, called Bay Harbor. Castaway Bay Marina is a full-service marina featuring 160 slips. Camper Village includes campsites for more than 100 recreational vehicles and Lighthouse Point, which offers lake-front cottages, cabins and full-service recreation vehicle campsites. The Partnership, through a wholly owned subsidiary, owns and operates the Cedar Point Causeway across Sandusky Bay. This Causeway is an access route to Cedar Point. The Partnership also owns dormitory facilities located near the park that house up to 3,500 of the park's approximately 4,100 seasonal and part-time employees.

Knott's Berry Farm

Knott's Berry Farm is 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 park’s seasonal events include a Christmas promotion, Knott's Merry Farm, and a Halloween event called Knott's Scary Farm. The Partnership also owns and operates three 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.

South of San Diego in Chula Vista, California is Knott's Soak City-San Diego, a seasonal water park which offers its guests more than 20 water rides. Knott's Soak City-Palm Springs is a 16-acre seasonal water park, located in Palm Springs, California, that offers 20 separate water rides, 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. The Partnership also owns and operates the Knott's Berry Farm Resort Hotel, a 320-room, full-service hotel located adjacent to Knott's Berry Farm, which features a pool, tennis courts and meeting/banquet facilities.

Canada's Wonderland

Canada's Wonderland is a combination amusement and water park located near Toronto in Vaughan, Ontario. It contains more than 200 rides, including 15 roller coasters, and is one of the most attended regional amusement parks in North America. 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

Kings Island is a combination amusement and water park located near Cincinnati, Ohio. Kings Island is an amusement park in the United States, with a number of rides and the hourly ride capacity. 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 8 million people.

Dorney Park

Dorney Park is a combination amusement and water park located near Allentown in South Whitehall Township, Pennsylvania. Dorney Park is an amusement park in the Northeastern United States and serves a total market area of approximately 35 million people. The park's principle markets include Philadelphia, New Jersey, New York City, Lancaster, Harrisburg, York, Scranton, Wilkes-Barre, Hazleton and the Lehigh Valley.

Kings Dominion

Kings Dominion is a combination amusement and water park located near Richmond, Virginia. 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. In addition, 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. The Partnership also owns a dormitory facility located adjacent to the park that houses up to 440 of the park's approximately 3,100 seasonal employees.

Carowinds

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. The park also offers Camp Wilderness Resort, a camping area that offers a convenience and merchandise store, laundry facilities, a swimming pool, miniature golf, shuffleboard, and sand volleyball courts. The campground has more than 140 recreational vehicles (RV) sites and 57 spacious tent and pop-up sites. The campground also offers a free shuttle service between the campground and amusement park.

Great America

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

Valleyfair is a combination amusement and water park located near Minneapolis-St. Paul in Shakopee, 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. The Partnership also owns a dormitory facility located adjacent to the park that houses up to 420 of the park's approximately 1,750 seasonal employees.

Worlds of Fun

Located in Kansas City, Missouri, Worlds of Fun serves a total market area of approximately seven million people centered in Kansas City, including most of Missouri, as well as portions of Kansas and Nebraska. The park 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. Oceans of Fun, which requires a separate admission fee, is located adjacent to Worlds of Fun and features a range of water attractions.

Michigan's Adventure

Michigan's Adventure is an amusement park in Michigan. The combination amusement and water park located near Muskegon, Michigan serves a total market area of approximately 5 million people, principally from central and western Michigan and eastern Indiana.

Wildwater Kingdom

Wildwater Kingdom is located near Cleveland, Ohio. This water park serves a total market area of approximately six million people. The park's markets include Cleveland, Akron and Youngstown.