Profile: Cedar Fair LP (FUN)
18 Dec 2017
Cedar Fair, L.P., incorporated on March 4, 1987, is an operator of regional amusement parks. The Company operates within a segment of amusement/water parks with accompanying resort facilities. As of December 31, 2016, the Company owned approximately 11 amusement parks, two separately gated 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; Knott's Berry Farm, near Los Angeles, California; Canada's Wonderland, near Toronto, Canada; Kings Island, near Cincinnati, Ohio; Carowinds, in Charlotte, North Carolina; Dorney Park & Wildwater Kingdom (Dorney Park), in Allentown, Pennsylvania; Kings Dominion, near Richmond, Virginia; California's Great America, in Santa Clara, California; Valleyfair, near Minneapolis/St. Paul, Minnesota; Worlds of Fun, in Kansas City, Missouri, and Michigan's Adventure, in Muskegon, Michigan.
The Company manages and operates Gilroy Gardens Family Theme Park in Gilroy, California. It also owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio, and two separately gated outdoor water parks located adjacent to Cedar Point and Knott's Berry Farm. The Company owns land on which Cedar Point Sports Center is located. The Company's seasonal amusement parks are open during weekends beginning in April or May, and then daily from Memorial Day until Labor Day, after which they are open during weekends in September and, in most cases, October. The two separately gated outdoor water parks also operate seasonally, from Memorial Day to Labor Day, plus some additional weekends before and after this period. Knott's Berry Farm continues to be open daily on a year-round basis. Castaway Bay is open daily from Memorial Day to Labor Day, plus a limited daily schedule for the balance of the year. Each park charges a basic daily admission price, which allows unlimited use of rides and attractions.
The Company's Cedar Point is a seasonal amusement park in the United States. As of December 31, 2016, the park featured 17 roller coasters, including various record-breakers, and three children's areas. Cedar Point serves a six-state region, which includes all of Ohio and Michigan, western Pennsylvania and New York, northern West Virginia and Indiana, as well as southwestern Ontario, Canada. The park's market area includes Cleveland, Toledo, Akron and Columbus, Ohio, and Detroit, Grand Rapids, Flint and Lansing, Michigan. As of December 31, 2016, it also owned and operated four hotels at Cedar Point. In addition to Hotel Breakers and Breakers Express, Cedar Point offers the lake-front Sandcastle Suites Hotel, which features suites, a courtyard pool, tennis courts and a contemporary waterfront restaurant. It also owns and operates the Cedar Point Marina, Castaway Bay Marina and Lighthouse Point. It owns and operates the Cedar Point Causeway across Sandusky Bay.
Knott's Berry Farm is located near Los Angeles in Buena Park, California. The park serves a market area centered in Orange County with a national and international tourism population. The park is renowned for its seasonal events, including a special holiday event, Knott's Merry Farm, and a Halloween event, Knott's Scary Farm. It also owns and operates the Knott's Berry Farm Hotel, a full-service hotel located adjacent to Knott's Berry Farm, which features a pool, tennis courts and meeting/banquet facilities. As of December 31, 2016, Canada's Wonderland, a combination amusement and water park located near Toronto in Vaughan, Ontario, contained various attractions, including 15 roller coasters. Kings Island, a combination amusement and water park located near Cincinnati, Ohio, is measured by the number of rides and attractions and the hourly ride capacity. The park features a children's area and its market area includes Cincinnati, Dayton and Columbus, Ohio; Louisville and Lexington, Kentucky, and Indianapolis, Indiana.
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 also offers Camp Wilderness Resort, a camping area that features a convenience and merchandise store, laundry facilities, and a swimming pool. The campground features recreational vehicle (RV) sites, tent and pop-up sites, and luxury cabins. Dorney Park is a combination amusement and water park located in Allentown, Pennsylvania. Dorney Park is an amusement park in the Northeastern United States and its markets include Philadelphia, Lancaster, Harrisburg, York, Scranton, Wilkes-Barre, Hazleton and the Lehigh Valley, Pennsylvania; New York City, and New Jersey.
Kings Dominion is a combination amusement and water park located near Richmond, Virginia. The park's market area includes Richmond and Norfolk, Virginia; Raleigh, North Carolina; Baltimore, Maryland and Washington, D.C. Additionally, the park offers Kings Dominion Camp Wilderness Campground, a camping area featuring luxury cabins, a swimming pool, playground, volleyball courts, and laundry facilities. California's Great America is a combination amusement and water park located in Santa Clara, California. The park 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.
Worlds of Fun is a combination amusement and water park located in Kansas City, Missouri. Worlds of Fun serves a market area centered in Kansas City. Worlds of Fun also features Worlds of Fun Village, an upscale camping area that offers overnight guest accommodations next to the park with wood-side cottages, log cabins and deluxe RV sites. Included within the Village is a clubhouse with a swimming pool and arcade games. Michigan's Adventure is an amusement park in Michigan. The combination amusement and water park located in Muskegon, Michigan serves a market area from central and western Michigan and eastern Indiana.
Cedar Fair LP
1 Cedar Point Dr
SANDUSKY OH 44870-5259
Company Web Links
- BRIEF-Cedar Fair reports Q3 earnings per share $3.38
- BRIEF-Cedar Fair announces planned leadership succession
- BRIEF-Peanuts Worldwide and Cedar Fair extend Peanuts licensing agreement to 2025
- BRIEF-Cedar Fair reports second-quarter results
- BRIEF-Cedar Fair says preliminary net revenues up helped by increase in visits