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Schlitterbahn Selling Its New Braunfels And Galveston Properties

Schlitterbahn is selling its New Braunfels and Galveston properties to Ohio based Cedar Fair.

Schlitterbahn is keeping its South Padre property, but it will be rebranded.

News release from Schlitterbahn’s website:

For the past 50 years, the Schlitterbahn family has focused all its resources, talent, and energy into building Schlitterbahn Waterparks and Resorts into an iconic Texas brand.

It is now time for the company to enter a new and brighter stage of development and growth.

We have entered into an agreement with Cedar Fair to purchase our interest in both our New Braunfels and Galveston parks and our New Braunfels resort property. Our South Padre waterpark and resort will be owned by one of the Henry families and in time will be re-branded. Corpus Christi will remain a Diamond Beach property.

Cedar Fair is a dynamic, brand-oriented company. Under Cedar Fair’s leadership, the Schlitterbahn brand will have an opportunity to grow and expand like the early days when the sky was the limit. While it’s a difficult decision, after several challenging years, we believe that our team, communities, guests, and fans are going to enjoy what lies ahead. We believe Cedar Fair, with their approach to embracing parks that have a unique footprint, will be a phenomenal owner, and with the talented people that are the Schlitterbahn Family, will take Schlitterbahn Waterparks and Resorts to the next level of world-class family entertainment.

Rest assured, the future of Schlitterbahn Waterparks and Resorts is as bright as a July day in Texas. We will always be your hottest, coolest time in Texas!

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Posted by on Jun 13 2019. Filed under Featured Stories, News.
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