Therme Group Canada
Therme Group Canada is developing Therme Canada Ontario Place, a $700M waterpark and urban wellbeing destination in Toronto featuring three zones (Play, Relax, Restore), 12 pools, 22 waterslides, and a 16-acre public park, targeting families, wellness seekers, and tourists.
- Company typePrivate
- Founded2019
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Therme Group Canada does
Therme Group Canada is a Toronto-based, fully-owned subsidiary of Therme Group RHTG AG (an Austrian public limited company), established in 2019 to develop and operate Therme Canada Ontario Place—a destination waterpark and urban wellbeing center on the West Island of Ontario Place along Lake Ontario. The facility is designed around three experiential zones: Play (family-focused waterslides, wave pool, outdoor beach, warm water lagoons, steam rooms), Relax (adults-only indoor and outdoor lagoons, mineral baths, waterfall showers, seasonal dining), and Restore (adults-only saunas, experience showers, oxygen room, spa therapies, 1-2-1 wellbeing consultations, and personalized nutrition). The integrated development also includes nearly 16 acres of freely accessible public parkland with walking trails and a new beach, designed in partnership with the Mississaugas of the Credit First Nation.
The project relies on physical and environmental infrastructure rather than software platforms: a 92% water recycling system, odor-free water zonation, LED and circadian lighting, dynamic structures for natural heating and cooling, and LEED Platinum-certified building design. The facility is planned to include 12 pools, 22 waterslides, multiple waterfront restaurants, and a bird-friendly architectural approach. Revenue mechanics are anchored in direct-to-consumer ticketed admission (adult tickets starting at approximately $40, children under three free), supplemented by on-site food and beverage, premium wellbeing services, and spa therapies, with projected attendance of up to 2.6 million visitors annually once fully operational. The company also holds a 75-year lease (with a 20-year renewal option) with the Province of Ontario, under which it will pay approximately $1.1B in rent and $855M in maintenance fees over the lease term.
As of the available data, the entity is in development and construction planning, with a current headcount of approximately 10 employees and a committed $700M capital investment ($500M facility, $200M shoreline restoration). Target customer segments are families with children, adult wellness seekers, health-conscious individuals, and the general public/tourists, drawn primarily from the Greater Toronto Area and broader Ontario market.
Therme Group Canada firmographics
Firmographics- Name
- Therme Group Canada
- Legal name
- Therme Group RHTG AG
- Website
- https://thermecanada.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Therme Group Canada is developing Therme Canada Ontario Place, a $700M waterpark and urban wellbeing destination in Toronto featuring three zones (Play, Relax, Restore), 12 pools, 22 waterslides, and a 16-acre public park, targeting families, wellness seekers, and tourists.
- Ownership category
- akta.pro rank
Therme Group Canada industry classification
Industry- Product category
- Wellness and Leisure Destination Resort
- akta.pro primary industry
- Thermal Baths, Hot Springs & Saunas (Onsen, Hammams, Banya, Sauna Worlds) (THAJAHAD)
- akta.pro secondary industry
- Sauna & Steam Bath Facilities (HSADAKAC)
Keywords
Where Therme Group Canada is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Therme Group Canada business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Ticket Sales and Admission: Primary revenue stream from ticketed admission to the waterpark and wellbeing destination. Tickets begin at roughly $40 while kids under three enter for free. The company anticipates up to 2.6 million visitors per year once fully operational.
- Food and Beverage: Multiple waterfront restaurants and cafes within the facility offering seasonal food and beverage options across the three zones.
- Wellbeing Services: Revenue from spa therapies, wellbeing consultations, and personalized nutrition experiences offered in the Restore zone.
- Lease Payments to Province: Therme pays rent to the Province of Ontario composed of base rent plus a portion of gross revenue from the facility. Projected at $1.1B over the 95-year lease, plus $855M in maintenance fees for park lands.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Adult general admission starting at approximately $40 |
| Unit Pricing | Pay-as-you-go | Children under three years enter free |
| Unit Pricing | Pay-as-you-go | Premium wellbeing experiences (Restore zone) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Therme Group Canada product offering
Product offeringCore offering
Therme Canada develops and operates Therme Canada Ontario Place, an urban wellbeing destination on the West Island of Ontario Place in Toronto. The facility offers three distinct zones (Play, Relax, Restore) featuring 12 pools, 22 waterslides, saunas, steam rooms, lagoons, spa therapies, and multiple waterfront restaurants, complemented by a nearly 16-acre freely accessible public park and beach.
Product overview
Therme Canada is developing a single unified product: Therme Canada Ontario Place, an urban wellbeing oasis at the West Island of Ontario Place in Toronto. This destination features three distinct experiential zones—Play (family-focused waterpark with 22 waterslides and 12 pools), Relax (adults-only restorative spaces with lagoons and mineral baths), and Restore (adults-only wellness therapies with saunas and spa treatments)—complemented by a separate 16-acre freely accessible public park with beach access. The offering combines family entertainment with wellness experiences in a single integrated destination.
Differentiator
Problem solved
Functional benefit
Products and services
- Therme Canada Ontario Place
- Play Zone
- Relax Zone
Quantifiable outcome
- Up to 2.6 million visitors per year anticipated once fully operational
- +6 more outcomes
Companies that use Therme Group Canada
Customer profileSegments4 records
Ideal customer profiles3 records
Therme Group Canada technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Therme Group Canada partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Mississaugas of the Credit First Nation (MCFN)coreSince 2019, Therme has built a strong partnership with the Mississaugas of the Credit First Nation, the traditional treaty holders of the land at Ontario Place. MCFN has played a central role in shaping the design of the 16-acre public park, embedding Indigenous placemaking principles throughout the site for the first time since its inception. The partnership guides plant selection, spatial relationships, and storytelling approaches, creating opportunities for visitors to learn from and connect with the land's true history. MCFN provides guidance on creating habitat for aquatic species and all Therme Canada employees participate in history sessions with MCFN knowledge keepers.
- STUDIO tlacoreLandscape design partner working with Therme and MCFN to shape the 16-acre public park. Collaborated with Trophic Design and MCFN to ensure Indigenous worldviews guide the park design.
- Trophic DesigncoreLandscape design partner collaborating with STUDIO tla and MCFN on the Ontario Place revitalization project. Ensured Indigenous worldviews actively guide plant selection, spatial relationships, and storytelling approaches.
- BlackNorth InitiativeminorTherme Group established a partnership with the BlackNorth Initiative around culture and diversity, announced August 4, 2021.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Therme Group Canada competitors and assessment
Company assessmentDirect peers
- Therme Bucharest: The second Therme Group flagship in Bucharest, Romania, developed by current Chairman/CEO Robert Hanea and the direct operational template for the Canadian project; over 50% of guests visit multiple times per year.
- Center Parcs UK & Ireland: European forest-resort operator featuring indoor subtropical waterparks and family wellbeing amenities; mirrors Therme's indoor-outdoor family + wellbeing combination at destination scale.
- Therme Erding: The original and largest Therme Group facility near Munich, Germany, and the flagship of the same Therme concept (sauna worlds, thermal baths, waterpark, wellbeing zones) that Therme Canada is replicating in Toronto.
- Atlantis Paradise Island: Large-scale waterpark + resort destination combining aquariums, waterslides, marine experiences, and luxury amenities; comparable on destination attraction scale and ticket + premium experience revenue model.
- Blue Lagoon Iceland: Iconic geothermal spa destination in Iceland combining thermal bathing, wellness, and tourism; highly comparable to Therme Canada's Restore and Relax zones on thermal bath experience and destination tourism model.
- Scandinave Spa: Canadian operator of thermal bath and Scandinavian-style spa experiences with locations in Ontario (Whistler, Blue Mountain, Toronto); directly competes for the adult wellness seeker segment Therme Canada targets in the Restore and Relax zones.
- Great Wolf Lodge: North America's largest indoor waterpark resort chain, operating year-round family waterpark resorts across the US and Canada; the closest North American analog to Therme Canada's Play zone family entertainment positioning.
- Kalahari Resorts: US-based indoor waterpark resort chain with multiple large-scale properties; comparable to Therme Canada on indoor waterpark + family resort model and pricing tier.
Broad incumbents
- Aquatica (SeaWorld Parks & Entertainment): Waterpark operator within the broader United Parks & Resorts portfolio; provides overlapping family waterpark and premium cabana/upcharge revenue streams but is one component of a wider theme-park portfolio rather than a specialized wellbeing concept.
- Walt Disney World Water Parks (Typhoon Lagoon / Blizzard Beach): Incumbent destination waterparks within Disney's larger resort ecosystem; comparable on family waterpark volume and ticket pricing, but embedded in a much broader entertainment platform rather than a focused wellbeing destination.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Therme Group Canada social profiles
Digital presenceTherme Group Canada compliance and trust
Trust signalCompliance1 record
Therme Group Canada financial estimates
Financial estimateRevenue estimate
Valuation estimate
Therme Group Canada leadership team
Management profileNumber of profiles
Profiles1 record
Therme Group Canada funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Therme Group Canada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Therme Group Canada
What does Therme Group Canada do?
Therme Canada develops and operates Therme Canada Ontario Place, an urban wellbeing destination on the West Island of Ontario Place in Toronto. The facility offers three distinct zones (Play, Relax, Restore) featuring 12 pools, 22 waterslides, saunas, steam rooms, lagoons, spa therapies, and multiple waterfront restaurants, complemented by a nearly 16-acre freely accessible public park and beach.
Is Therme Group Canada a public or private company?
Therme Group Canada is a private company. It is currently operating.
When was Therme Group Canada founded?
Therme Group Canada was founded in 2019. It employs 1 to 10 people.
Where is Therme Group Canada based?
Therme Group Canada is headquartered in Toronto, Canada, in the North America region.
How does Therme Group Canada make money?
Four revenue lines are on record. Ticket Sales and Admission is the primary driver. The others are food and Beverage, wellbeing Services and lease Payments to Province.
Who are Therme Group Canada's main competitors?
Direct peers on record are Therme Bucharest, Center Parcs UK & Ireland, Therme Erding, Atlantis Paradise Island, Blue Lagoon Iceland, Scandinave Spa, Great Wolf Lodge and Kalahari Resorts. Broad incumbents are Aquatica (SeaWorld Parks & Entertainment) and Walt Disney World Water Parks (Typhoon Lagoon / Blizzard Beach).
Does Therme Group Canada have an API?
No public API is recorded for Therme Group Canada.
What industry is Therme Group Canada in?
Therme Group Canada's product category is Wellness and Leisure Destination Resort. Its primary akta.pro industry code is THAJAHAD, Thermal Baths, Hot Springs & Saunas (Onsen, Hammams, Banya, Sauna Worlds), with a secondary code of HSADAKAC, Sauna & Steam Bath Facilities.