Universal purchases Wet 'n Wild land
| Posted: Jun 27, 2013 | Updated: Oct 19, 2014 - 9:25:27 AM
is giving itself the possibility for expansion by purchasing the land Wet 'n Wild sits on. Universal already owns the water park, but hadn’t owned the land until this $30.9 million purchase. Universal had been leasing the land from its owner, Southwest Land Co. of Newport Beach, California. The purchase included 52 acres, which includes not only the land Wet 'n Wild sits on, but also several vacant and warehouse parcels around it. Universal hasn't revealed whether or not they plan to expand the water park or change its design.
Since Universal was purchased by Comcast Corp., there has been a lot of growth at the theme park; 2010 saw the opening of the Wizarding World of Harry Potter
, Transformers: The Ride - 3D
opened just last week, and Cabana Bay Beach Resort
is slated to open next year.
It seems that Cabana Bay may not be the last hotel to open at the Resort. Steve Burke, CEO of NBCUniversal, said, "We have 2, 400 hotel rooms today; we probably should have 10,000. Hotel rooms are strategically important because if people stay in your hotels, they spend an extra day in your theme park."