Cedar Fair Unveils Exciting Capital Plans for 2024 Operating Season
10 Agosto 2023 - 1:00PM
Business Wire
Record-breaking coasters and first-of-its-kind attractions, a
full lineup of fun-filled seasonal events and delicious new dining
experiences all on tap for next year
Cedar Fair Entertainment Company (NYSE: FUN), a leader in
regional amusement parks, water parks and immersive entertainment,
today announced exciting plans for the 2024 operating season across
multiple parks in the U.S. and Canada. These include the debut of
Top Thrill 2, the world’s tallest and fastest triple-launch strata
roller coaster at Cedar Point in Ohio, and Iron Menace, the
Northeast's first-ever dive roller coaster, at Dorney Park in
Pennsylvania. Kings Island will introduce its fifth kids’ coaster,
Snoopy’s Soapbox Racers, as part of the new Camp Snoopy, an
expansion of the park’s award-winning kids’ area. Two other parks
will be making big splashes too, as Canada’s Wonderland introduces
Moosehorn Falls, a giant water slide with a zero-gravity wall
summit, and Schlitterbahn in New Braunfels, Texas, adds Bow Wow
Blaster, the world’s first water coaster for kids. On top of that,
there will be plenty of tasty new food and beverage options, and
park event calendars throughout 2024 will be packed with seasonal
festivals and special celebrations to delight everyone in the
family.
“The investments we have made in our parks over the past several
years have improved the guest experience and contributed to record
guest satisfaction ratings, and we intend to build on that success
in 2024,” said Cedar Fair President and CEO Richard A. Zimmerman.
“Our capital plans for the year ahead are aimed at delivering
one-of-a-kind experiences and entertainment that are unmatched in
the industry, with something for everyone to enjoy.”
Among the highlighted plans and developments for the 2024
operating season:
- The multi-million-dollar transformation of the Knott’s Hotel
will ring in the new year, with its first full year of operation as
the quintessential extension of the charm, craftmanship and
hospitality of the park’s founders, Walter and Cordelia Knott. The
complete renovation of the 322-room resort property will provide a
one-of-a-kind overnight experience for both Orange County business
and leisure travelers alike.
- Cedar Point will once again redefine roller coaster innovation
in 2024 with the debut of Top Thrill 2, the world’s tallest and
fastest triple-launch strata roller coaster. The strata coaster,
known as any roller coaster eclipsing a height of 400 feet, was
first pioneered by Cedar Point in 2003. The park will build on that
legacy with not one but two 420-foot-tall track towers, putting
riders in the driver’s seat for one of the greatest races of all
time. From the start, using an all-new linear synchronous motor
(LSM) launch system, riders will peel out down the straightaway
reaching speeds of 74 mph, racing toward the sky on Top Thrill 2’s
original 420-foot-tall “top hat” tower. After experiencing a moment
of weightlessness during the “rollback” – the coveted fan-favorite
moment when the train’s momentum isn’t great enough to make it up
and over the tower – the train shifts into reverse and into its
second launch, reaching speeds of 101 mph. Riders will then see
Cedar Point unlike ever before as they speed into a backward climb
at a 90-degree angle on a new, 420-foot-tall track tower. After a
second moment of weightlessness, the train shifts into drive and
races forward into its third launch, clocking in at the ride’s top
speed of 120 mph. Crossing over the top hat tower, the train
decelerates momentarily before diving into a 270-degree spiral and
crossing the finish line.
- Canada’s Wonderland is inviting guests to climb aboard a new
raft adventure in its 20-acre water park next year with the
addition of Moosehorn Falls, a giant water slide with a
zero-gravity wall summit. This new Splash Works expedition will
take up to six guests down a rushing river cascade of twists, turns
and drops before being propelled to the summit of a zero-gravity,
13-metre wall. As rafters crest the vertical apex in a moment of
weightlessness, the current will reverse and send them downstream
to a crystal-clear pool where their journey ends with a
breathtaking splash.
- Dorney Park & Wildwater Kingdom is diving into the 2024
season with the debut of Iron Menace, the Northeast's first-ever
dive roller coaster, opening in 2024. It will be one of the largest
capital investments in park history. Riders of Iron Menace will
start their exhilarating journey in the remains of an old steel
mill and then climb 160 feet where they’ll hang over the
beyond-vertical first drop before diving into the first of four
mind-bending inversions. With nearly 2,200 feet of steel track,
this awe-inspiring roller coaster will feature a unique “hold and
dive” element, where riders will find themselves hanging on the
edge of their seats, breathlessly awaiting the heart-pounding
95-degree, 152-foot drop.
- Kings Island will expand its award-winning kids’ area with the
addition of a new adventure play space, Camp Snoopy, featuring the
park's newest roller coaster, Snoopy’s Soapbox Racers. It will be
the amusement park's first family boomerang coaster, which races
riders both forward and backward on the same track. With the
addition of Snoopy's Soapbox Racers, Kings Island will become the
Kids Coaster Capital of the World, offering five different coaster
experiences for future thrill seekers. Also debuting in 2024 will
be Beagle Scout Acres, a shaded, nature-themed play area where kids
and their families will be able to explore and play on their own
among turfed mounds and grassy areas filled with camping
equipment.
- Schlitterbahn Waterpark and Resort in New Braunfels, Texas,
will continue its tradition of premiering first-of-its-kind
attractions by adding Bow Wow Blaster, the world’s first water
coaster for kids. The new water coaster will be part of Schatze’s
Storybrook Park, an all-new kids' area which will include water
slides, 70+ interactive water features, spray toys, splash pads and
a 1,200-gallon tipping water bucket.
In addition to new rides and attractions, Cedar Fair will
continue to invest in upgrading and expanding food and beverage
facilities across its portfolio in 2024. There will be an array of
new signature menu and beverage items to tickle the taste buds and
provide experiences that guests can’t find anywhere else. As in
recent years, these capital investments will be focused on
improving the capabilities, technologies and efficiencies of the
parks’ food preparation and delivery systems.
Also on tap for 2024 is a lineup chock full of popular seasonal
events. The always-popular Grand Carnivale celebration will return
to a number of parks next summer. Carnivale at Orleans Place will
be back for another run at California’s Great America, while the
Frontier Festival will return to Cedar Point. In the fall, most of
our parks will offer Halloween-themed special events such as Tricks
and Treats or Halloween Haunt that are sure to appeal to those
looking for some frightful family fun or a good scare. And as
temperatures drop, WinterFest will return to Carowinds,
California’s Great America, Kings Dominion, Canada’s Wonderland and
Kings Island. This one-of-a-kind holiday spectacular is filled with
millions of lights, enchanting themed areas, live holiday
entertainment, sweet and savory treats, and a variety of additional
activities for the entire family.
“Making people happy is what our parks do best, and with 2024
season passes now on sale, we’re more excited than ever about the
year ahead,” said Zimmerman. “Whether you’re a rabid fan of
sky-high coasters and water slides, a food lover on the prowl for
something unique, or a lifelong devotee of great festivals and live
entertainment, you’ll find something to enjoy at our parks in
2024.”
For more information about 2024 season passes, please visit
www.cedarfair.com and click on your favorite park property.
About Cedar Fair
Cedar Fair Entertainment Company (NYSE: FUN), one of the largest
regional amusement-resort operators in the world, is a publicly
traded partnership headquartered in Sandusky, Ohio. Focused on its
mission to make people happy by providing fun, immersive, and
memorable experiences, the Company owns and operates 13 properties,
consisting of 11 amusement parks, four separately gated outdoor
water parks, and resort accommodations totaling more than 2,300
rooms and more than 600 luxury RV sites. Cedar Fair’s parks are
located in Ohio, California, North Carolina, South Carolina,
Virginia, Pennsylvania, Minnesota, Missouri, Michigan, Texas and
Toronto, Ontario.
Forward-Looking
Statements
Some of the statements contained in this news release that are
not historical in nature constitute “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, including
statements as to the Company's expectations, beliefs, goals, and
strategies regarding the future. These forward-looking statements
may involve risks and uncertainties that are difficult to predict,
may be beyond our control and could cause actual results to differ
materially from those described in such statements. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to be correct or that the
Company's growth strategies will achieve the target results.
Important factors, including general economic conditions, the
impacts of public health concerns, adverse weather conditions,
competition for consumer leisure time and spending, unanticipated
construction delays, changes in the Company’s capital investment
plans and projects and other factors discussed from time to time by
the Company in its reports filed with the Securities and Exchange
Commission (the “SEC”) could affect attendance at the Company’s
parks and the Company's growth strategies, and cause actual results
to differ materially from the Company's expectations or otherwise
to fluctuate or decrease. Additional information on risk factors
that may affect the business and financial results of the Company
can be found in the Company's Annual Report on Form 10-K and in the
filings of the Company made from time to time with the SEC. The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether a result of new information,
future events, information, circumstances or otherwise that arise
after the publication of this document.
This news release and prior releases are
available under the News tab at http://ir.cedarfair.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230809164326/en/
Investor Contact: Michael Russell, 419.627.2233 Media
Contact: Gary Rhodes, 704.249.6119
https://ir.cedarfair.com
Cedar Fair (NYSE:FUN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Cedar Fair (NYSE:FUN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024