The Sandusky, Ohio resort features a marina, a beach, hotel, conference center, restaurants, 18-hole golf course, shops and 50 acres of undeveloped land. Cedar Fair, which owns Cedar Point amusement park, has recently made several additions to its portfolio, including two Texas water parks and the land it was leasing in California for its Great America amusement park.
After months of speculation, Cedar Fair has confirmed it bought Sawmill Creek Resort, the Sandusky Register reported. The company’s CFO and vice president, Brian Witherow, said the company started looking at the Sandusky, Ohio property in late 2018, and everything came together quickly after the previous owners came back a few months ago to work out a deal.
The Register reported the sale July 9 based on reliable information, but the deal was confirmed July 10. Cedar Fair president and CEO Richard Zimmerman said the company was “excited about the opportunity” to add Sawmill Creek to its growing portfolio.
Cedar Fair, which owns Cedar Point and is headquartered in Sandusky, has recently made several additions to its portfolio, including two Texas water parks and the land it was leasing in California for its Great America amusement park, the Register reported.
“We were built as a company by making acquisitions,” Witherow said “When we see these opportunities, we take a chance and jump at them. It’s a coincidence that these all happened so close together.”
Witherow told the Register his company has been familiar with the property because of its closeness to Cedar Point and Sports Force Parks at Cedar Point Sports Center. He added they’ve admired its reputation as first-class resort. The resort is located along a main pathway to Cedar Point.
“Cedar Point is our flagship park, and that entryway is something we’ve paid attention to,” Witherow told the Register. “The development of that corridor is something we consciously focused on. The Cedar Point Sports Center and Sawmill Creek are definitely a part of it.”
The resort sits on 235 acres and features a marina, a beach, hotel, conference center, restaurants, 18-hole golf course, shops and 50 acres of undeveloped land, the Register reported. The selling price for the resort is not being disclosed at this time, but Erie County auditor Rick Jeffrey said value for all of the land would be more than $11 million.
“Along with Hotel Breakers, Cedar Point’s Express Hotel, Castaway Bay Indoor Waterpark Resort and Lighthouse Point, Sawmill Creek’s 236-room resort lodge strengthen both Cedar Point’s and the Sandusky area’s appeal as a unique and adventurous vacation destination,” Zimmerman told the Register.
Cedar Fair intends to make the necessary investments over the next two years to upgrade and modernize the 44-year-old resort’s guest rooms, facilities and infrastructure, the Register reported.
“We intend to get in there and make improvements to bring it up to Cedar Fair standards,” Witherow said. “You could expect to see similar improvements that you’ve seen at the renovation of hotels at Cedar Point like the Hotel Breakers.”
But he added that it’s too early to commit on specifics of any development and plans for the property, the Register reported. He said it was business as usual at Sawmill Creek Resort.