What is Cherry Hill?
Cherry Hill Water Park, situated in Kaysville, UT, has been a cornerstone of family entertainment for five decades. The resort complex encompasses a water park, a family fun center, and camping facilities, offering a comprehensive leisure experience. Its attractions include a variety of water slides, lazy rivers, miniature golf, and playgrounds, all designed to cater to families seeking recreational activities. Beyond entertainment, Cherry Hill provides essential amenities such as food services and camping accommodations, positioning itself as a complete destination for day trips and extended stays. The company's mission revolves around fostering memorable experiences for families and groups through its diverse and engaging offerings.
How much funding has Cherry Hill raised?
Cherry Hill has raised a total of $363K across 2 funding rounds:
Debt
$150K
Debt
$213K
Debt (2020): $150K with participation from PPP
Debt (2021): $213K led by PPP
What's next for Cherry Hill?
The substantial capital infusion, particularly the recent strategic investment, suggests Cherry Hill is poised for significant expansion or enhancement of its existing facilities. Given its large-scale late-stage funding context, the company is likely focusing on scaling operations, potentially through infrastructure upgrades, new attraction development, or expanding its market reach. This financing will enable Cherry Hill to solidify its position as a premier family entertainment provider and capitalize on emerging opportunities within the leisure and hospitality industry.
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