Cedar Fair company, one of the largest amusement-resort operators in the world, has announced that they have sold Knott’s Soak City in San Diego. According to a press release by CedarFair.com, they have sold the water park to a subordinate of SeaWorld parks and entertainment. The sale of the park will have no impact on other properties owned by Cedar Fair in California.
According to an article by nbcsandiego.com, SeaWorld pans to add animals to Knott’s Soak City and to make substantial renovations during the next few months. The park will also feature a new enclosed acrylic slide that will allow riders to see the animals underwater. “Having animals in our Aquatica parks adds an educational component to a water park visit that is both unexpected and enriching,” said SeaWorld president Jim Atchison. Knott’s Soak City will be turned into the 3rd Aquatic-branded park in the nation along with SeaWorld San Diego and SeaWorld Orlando.
“For this particular property, a unique opportunity presented itself to team with SeaWorld to offer a premium product to its guests in the San Diego region,” said Matt Ouimet, president and chief executive officer. The profit of this sale will be reinvested into the core assets of the company, including the refreshment of Cedar Fair’s Sandusky, Ohio hotel properties.