by Donald Wood
Last updated: 10:40 AM ET, Thu March 5, 2026
Six Flags Entertainment Corporation announced it has agreed
to sell seven of its parks to EPR Properties for $331 million.
The parks included in the transaction are Valleyfair
(Minneapolis, Minnesota), Worlds of Fun (Kansas City, Missouri), Michigan’s
Adventure (Grand Rapids, Michigan), Schlitterbahn Waterpark Galveston
(Galveston, Texas), Six Flags St. Louis (St. Louis, Missouri), Six Flags Great
Escape (Queensbury, New York), and Six Flags La Ronde (Montreal, Quebec).
According to Six Flags, the seven theme parks being sold to EPR
Properties welcomed around 4.5 million guests in 2025, generated $260 million
in net revenue, and amassed approximately $45 million in Adjusted EBITDA.
“Consistent with our strategy, this divestiture enables us
to concentrate our capital, leadership and operational focus on the properties
that we believe generate the strongest returns and offer the greatest long-term
upside,” Six Flags President and CEO John Reilly said.
EPR Properties will partner with Enchanted Parks to run the
six domestic properties, while La Ronde Operations, Inc. will operate Six Flags
La Ronde. EPR will retain the right to utilize Six Flags branding through the
end of 2026.
As for travelers visiting the theme parks, no significant
impact is expected during this transition. The properties will continue their
regular operating schedules, and all season passes sold will be recognized
through the 2026 operating season, including multi-park pass privileges at
other parks within the Six Flags’ portfolio.
Six Flags also revealed plans to operate its remaining
collection of 34 parks across 23 locations in North America for the 2026
season.
“Since joining the company, I have been clear that Six
Flags’ earnings power has been under-realized,” Reilly continued. “This
transaction will simplify our portfolio, strengthen our balance sheet and
position us to execute with greater clarity and discipline.”
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