Cedar Fair, L.P. considering major upgrade for its Radisson Hotel at Cedar Point

Tuesday, 15 July 2003

Cedar Fair, L.P. Press Release

SANDUSKY, OHIO, July 15, 2003 -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates six amusement parks and five water parks, today confirmed that it is considering a major upgrade for its Radisson hotel property at Cedar Point, located in Sandusky, Ohio, including the addition of an indoor water park.

Dick Kinzel, chairman, president and chief executive officer, noted that the Partnership has applied to the city of Sandusky for tax incentives for the potential hotel expansion project. Under the plan being considered, the Radisson Harbour Inn, which features 237 rooms and an adjoining T.G.I. Friday’s restaurant, would be converted into a year-round family resort complex, highlighted by a large indoor water park. Further details of the proposed plan will be disclosed at a later date.

Cedar Fair’s six amusement parks are Cedar Point, located on Lake Erie between Cleveland and Toledo; Knott’s Berry Farm near Los Angeles in Buena Park, California; Dorney Park & Wildwater Kingdom near Allentown, Pennsylvania; Valleyfair near Minneapolis/St. Paul; Worlds of Fun, located in Kansas City, Missouri; and Michigan’s Adventure near Muskegon, Michigan. The Partnership’s water parks are located near San Diego and in Palm Springs, California, and adjacent to Cedar Point, Knott’s Berry Farm and Worlds of Fun. Cedar Fair also operates Camp Snoopy at the Mall of America in Bloomington, Minnesota under a management contract.