Schlitterbahn Corpus Christi will delay its opening day this year to coincide with “anticipated ownership changes.”
“The trustee has elected to push back the water park opening day to May 26, Memorial Day weekend,” according to a statement from Winter Prosapio, corporate director of the resort company’s communications and government relations. “This will allow the park to follow its extensive annual inspection process, including an independent third party inspection by an engineer.”
The water park, located on North Padre Island, opened in the summer 2016, but filed for bankruptcy last May.
The Caller-Times has made attempts to contact Keen-Summit Capital Partners, the New York City brokerage firm handling the water park’s bankruptcy sale.
The resort area is described as a four-story, 92-room hotel with a restaurant and multiple bars. There is space for 705 vehicles in the parking lot.
It can be sold as a whole or in parts. No asking price was listed.
Keen-Summit Capital Partners has released information
Keen-Summit Capital Partners has released information on the bankruptcy sale of Schlitterbahn Corpus Christi. (Photo: Contributed/Keen-Summit Capital Partners)
The winning purchaser will take the title of the property with no “liens, claims, encumbrances” consistent with Section 363 of the bankruptcy code, according to the sale details provided by the firm.
There isn’t much information available about the business and its assets, but potential buyers are able to sign a non-disclosure agreement to receive in a due-diligence room those details, according to Keen-Summit in February.
Water park officials are contacting groups who have bought tickets for dates before May 26. Those groups and individuals will be offered options at other Schlitterbahn properties or on later dates during the season, according to the statement.
