Sunday, August 1, 2021

Cedar Fair Sells Knott’s Soak City Palm Springs to CNL Lifestyle Properties

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Sandusky, OH, USA /PRNewswire/ — Cedar Fair Entertainment Company, a leader in regional amusement parks, water parks and active entertainment, has announced that it has sold Knott’s Soak City – Palm Springs, a stand alone water park in Southern California, to CNL Lifestyle Properties, Inc.  Terms of the agreement were not disclosed and are not material to Cedar Fair’s results of operations.  The sale of the Palm Springs water park has no impact on the Company’s other properties located in California.

CNL will retain the rights to the Knott’s Soak City – Palm Springs name through the end of 2013 and no impact to customers is expected during this transition.  The park will continue its regular operating schedule and all season passes sold will be recognized through the park’s 2013 operating season currently scheduled to close on Sunday, October 6, 2013.

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The Company noted that the net proceeds from this sale will be reinvested in their core assets including the multi-year refreshment of hotel properties in Sandusky, Ohio which was announced last year.

www.cedarfair.com

www.cnllifestylereit.com

RELATED:

Cedar Fair Sells Knott’s Soak City San Diego to SeaWorld

Cedar Point to Invest $60 Million in Hotel Rennovations

Joe Kleimanhttp://www.themedreality.com
Raised in San Diego on theme parks, zoos, and IMAX films, Joe Kleiman would expand his childhood loves into two decades as a projectionist and theater director within the giant screen industry. In addition to his work in commercial and museum operations, Joe has volunteered his time to animal husbandry at leading facilities in California and Texas and has played a leading management role for a number of performing arts companies. Joe has been News Editor and contributing author to InPark Magazine since 2011. HIs writing has also appeared in Sound & Communications, LF Examiner, Jim Hill Media, and MiceChat. His blog, ThemedReality.com takes an unconventional look at the attractions industry. Follow on twitter @themedreality Joe lives in Sacramento, California with his fiancé, two dogs, and a ghost.

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