Posted Monday, October 19, 2009 12:01 PM | Contributed by Chitown
The chief executive of Blackstone Group, Stephen Schwarzman, one of the most powerful private equity firms in the world, is betting that theme parks will deliver strong returns as the economy slowly climbs out of the hole.
Read more from Reuters.
After checking out the link, what struck me most is that CF said it would sell three parks. If that's the case, which CF parks are gonna hit the auction black? I'm willing to bet that the following parks are pretty safe:
- Cedar Point
- Worlds of Fun
- King's Dominion
- Canada's wonderland
- and King's Island.
Dangnabbit Hopman, you beat me to it....I was busy renewing my membership. I was about to say that I must have missed that memo about three Cedar Fair Parks that were up for discussion. I'm guessing Great America is the first to get kicked off the island.
The CF parks up for sale are old news. WOF, Valleyfair, CGA.
And among those, the only one I think they really want to unload is Great America. I think the rest is just posturing for investors and banks.
IMO, there should never be any public mention of CF *wanting* to rid themselves of the CGA property. It only serves to lower the bargaining position of CF in negotiating sessions with Santa Clara and the 49ers.
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