Schlitterbahn sells Galveston and New Braunfels waterparks

(Courtesy Schlitterbahn Waterparks and Resorts)

The Schlitterbahn Waterparks in New Braunfels and Galveston are being sold to a new owner.

Schlitterbahn says Cedar Fair has entered into an agreement to purchase the Galveston location and the New Braufels location, including the resort.

The waterparks in South Padre and Corpus Christi will remain in the Schlitterbahn brand family through the 2019 season.

Schlitterbahn says there will be no change to ticket or season pass prices for the 2019 season, and accommodation and cabana reservations will remain the same. Scheduled waterpark events will take place.

Schlitterbahn released this statement on Wednesday:

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 the Henry family 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.