NEWS
Cedar Fair acquires Great America amusement park land in California
POSTED 27 Mar 2019 . BY Andy Knaggs
The land beneath California's Great America park in Santa Clara has been leased by Cedar Fair since 1976 Credit: Shutterstock
This is a once in a generation opportunity to solidify our control of 112 acres in the heart of Santa Clara
– Richard A. Zimmerman
In what it calls a "once in a generation opportunity", theme park operator Cedar Fair Entertainment has entered into an agreement to buy the rights to the land beneath its California’s Great America park in Santa Clara, California.

Since opening the park in 1976, Cedar Fair has leased the land from the City of Santa Clara. The new agreement will see the company acquire the land for around US$150m (€133m, £113m), financed through additional long-term borrowing, and with the transaction due to complete in Q2 2019.

Richard A Zimmerman, president and CEO of Cedar Fair, said: "This is a once in a generation opportunity to solidify our control of 112 acres in the heart of Santa Clara. The transaction underscores our long-term commitment to enhancing and expanding California’s Great America, ensuring a high quality, family-friendly entertainment destination for those who live and work in Northern California."

In commenting on the company’s 2018 financial results, reported in Attractions Management last month, Zimmerman said that Cedar Fair would be pursuing a strategy of broadening the guest experience through "immersive new entertainment offerings", expanding its season pass platform into a long-term, relationship-based programme, and looking at "value-enhancing development opportunities adjacent to our parks".
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
 
Leisure Management - Cedar Fair acquires Great America amusement park land in California...
23 Apr 2024 Leisure Management: daily news and jobs
 
 
HOME
JOBS
NEWS
FEATURES
PRODUCTS
FREE DIGITAL SUBSCRIPTION
PRINT SUBSCRIPTION
ADVERTISE
CONTACT US
Sign up for FREE ezine
Latest news

27 Mar 2019

Cedar Fair acquires Great America amusement park land in California
BY Andy Knaggs

The land beneath California's Great America park in Santa Clara has been leased by Cedar Fair since 1976

The land beneath California's Great America park in Santa Clara has been leased by Cedar Fair since 1976
photo: Shutterstock

In what it calls a "once in a generation opportunity", theme park operator Cedar Fair Entertainment has entered into an agreement to buy the rights to the land beneath its California’s Great America park in Santa Clara, California.

Since opening the park in 1976, Cedar Fair has leased the land from the City of Santa Clara. The new agreement will see the company acquire the land for around US$150m (€133m, £113m), financed through additional long-term borrowing, and with the transaction due to complete in Q2 2019.

Richard A Zimmerman, president and CEO of Cedar Fair, said: "This is a once in a generation opportunity to solidify our control of 112 acres in the heart of Santa Clara. The transaction underscores our long-term commitment to enhancing and expanding California’s Great America, ensuring a high quality, family-friendly entertainment destination for those who live and work in Northern California."

In commenting on the company’s 2018 financial results, reported in Attractions Management last month, Zimmerman said that Cedar Fair would be pursuing a strategy of broadening the guest experience through "immersive new entertainment offerings", expanding its season pass platform into a long-term, relationship-based programme, and looking at "value-enhancing development opportunities adjacent to our parks".



Connect with
Leisure Management
Magazine:
View issue contents
Sign up:
Instant Alerts/zines

Print edition
 

News headlines
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture
Six Senses unveils urban wellness retreat in Kyoto inspired by Japanese Zen culture   23 Apr 2024

Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. .... more>>
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio
RSG opens flagship John Reed in Berlin, as its builds out its 'world city' portfolio   23 Apr 2024

With the launch of its 49th John Reed, RSG Group is looking for more opportunities for its high-end brand in the US and Europe. Cosmopolitan cities .... more>>
PureGym's new results set it up for accelerating growth
PureGym's new results set it up for accelerating growth   23 Apr 2024

PureGym saw revenues rise by 15 per cent in 2023, with the company announcing plans to develop 200 new clubs in the next three to four years. .... more>>
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana
UAE’s first Dior Spa debuts in Dubai at Dorchester Collection’s newest hotel, The Lana   23 Apr 2024

The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in .... more>>
Deloitte says European health club market hit an all-time high for revenues in 2023
Deloitte says European health club market hit an all-time high for revenues in 2023   22 Apr 2024

Following three disrupted lockdown years, the European fitness market bounced back in 2023, according to Deloitte and EuropeActive’s hot off the press .... more>>
Treningshelse Holding snaps up another Norwegian fitness chain as it sets its sight on market leadership
Treningshelse Holding snaps up another Norwegian fitness chain as it sets its sight on market leadership   19 Apr 2024

Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness chains, has acquired fellow Norwegian operator, Aktiv Trening. The .... more>>
Company profile


FIBO Global Fitness

FIBO Global Fitness is the international platform for fitness, wellness and health. During four days, FIBO connects more than 860 exhibitors from 51 nations with more than 106,000 visitors from 116 nations in ten halls in Cologne.

View full profile>>

Catalogue gallery


Featured Supplier

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Elevate your spa business: master global standards and thrive in Saudi Arabia's tourism boom

Discover how to prepare your spa or wellness facility for the influx of international guests and meet global standards as tourism in Saudi Arabia surges. More>>




in this issue

• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources



Latest jobs

Jobs Search



Fitness Motivator and Personal Trainer
Location: Market Rasen
Company: Everyone Active
Recreation Assistant (Dry Site)
Salary: Competitive
Location: Market Rasen
Company: Everyone Active
Party Leader
Salary: Competitive
Location: Gainsborough
Company: Everyone Active
Diary dates
Powered by leisurediary.com




22-24 Apr 2024

UK Aufguss Championships

Galgorm Resort, York,







Published by Leisure Media Tel: +44 (0)1462 431385 | Contact us | About us | © Cybertrek Ltd