December 20, 20232 yr Once upon a time Cedar Fair planned to open a modest mass market hotel at Canada's Wonderland. Announcing the project way back in August 2018 plans called for a co-branded Hyatt Place and Hyatt House 203 room facility to welcome guests by 2020. The hotel was regularly mentioned and highlighted in analyst conference calls--until it suddenly wasn't. Cedar Fair confirmed the project had been abandoned when questioned by a shareholder seeking progress reports. Cedar Fair spokesperson indicated the lengthy government permitting and approval process would have to start over fresh if a project was later initiated. Oddly, Cedar Fair spent a good deal of time and money on a project that would not come to fruition. Now it appears a new project may well be underway up North. A trademark application has reportedly been filed for a hospitality development which suggests a project much beyond the scope of a cobbled together Hyatt may be in the works: Here is a link to the Hyatt Hotel announcement from August 27, 2018: https://newsroom.hyatt.com/082718-Cedar-Fair-to-Open-New-Hyatt-Place-and-Hyatt-House-Hotels-at-Canadas-Wonderland-near-Toronto Given the proposed merger with Six Flags it is not clear if this hotel project, and other expansions, may be abandoned as austerity budgeting could be ushered in and grip the combined SIX/FUN company. In any event, hats off to UrbanToronto.ca for reporting on these developments.
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