Six Flags Entertainment announced on Thursday that it will sell seven of its amusement parks in the United States and Canada to EPR Properties for approximately $331 million [1]. The parks included in the sale are Michigan's Adventure in Muskegon, Michigan; Schlitterbahn Waterpark Galveston in Texas; Six Flags Great Escape in Queensbury, New York; Six Flags La Ronde in Montreal; Six Flags St. Louis in Missouri; Valleyfair in Minneapolis; and Worlds of Fun in Kansas City [1]. EPR Properties, a real estate investment trust, will acquire these parks and plans to partner with Enchanted Parks to operate the six U.S. locations, while La Ronde Operations will manage the Canadian park [1].
The transaction is expected to close by the end of the first quarter or the beginning of the second quarter of 2026 [1]. Six Flags stated that the divestiture aligns with its strategy to focus capital, leadership, and operational resources on properties that generate the strongest returns and offer the greatest long-term upside, according to CEO John Reilly [1]. After the sale, Six Flags will continue to operate 34 parks across 23 locations in North America for the 2026 season [1].
Collectively, the seven parks hosted about 4.5 million guests last year and generated approximately $260 million in net revenue [1]. Six Flags indicated that the cash proceeds from the sale, after taxes and transaction expenses, will be used to pay down debt [1]. EPR Properties CEO Gregory Silvers described the acquisition as a strategic opportunity to expand their attractions portfolio with high-quality experiential real estate assets in established regional markets [1].
The market reaction was modest, with Six Flags Entertainment's stock (FUN) closing at $16.73, up $0.02 or 0.12% [1]. All season passes sold for the affected parks will be honored through the 2026 operating season, and the parks will continue to operate on their regular schedule [1].
CONCLUSION
Six Flags Entertainment's sale of seven amusement parks to EPR Properties for $331 million is a strategic move to streamline operations and focus on higher-return assets. The deal is expected to close in early 2026, with proceeds used to reduce debt. Market reaction was positive but muted, reflecting moderate investor confidence in the transaction's long-term benefits.