Cedar Fair Acquires Sawmill Creek Resort in Ohio
Cedar Fair President & CEO Richard Zimmerman
The Cedar Fair Entertainment Company announced yesterday that the US operating group acquired Sawmill Creek Resort located in Huron, Ohio, which is only minutes away from their amusement park Cedar Point. The resort spans a total of 235 acres and offers apart from 236 guestrooms several in- and outdoor swimming pools, restaurants, a golf course and a conference center.
Cedar Fair president and CEO Richard Zimmerman says: “We are excited about the opportunity to add Sawmill Creek to our growing portfolio of resort properties, which is currently being expanded.“ Furthermore, the group plans to make the necessary investment to upgrade and modernize guestrooms, resort facilities and infrastructure in Sawmill Creek.
Apart from this acquisition, Cedar Fair was able to strengthen its presence in growing and attractive markets as the group just completed the already announced acquisitions (cf. EAP-News of 14 June 2019). The group acquired the waterparks Schlitterbahn Waterpark and Resort and Schlitterbahn Waterpark Gavleston for a cash purchase price of 261 million US dollars (around 231 million Euro). (eap)
