Six Flags Entertainment Corporation has closed the sale of six U.S. parks to EPR Properties in a sale‑leaseback deal, with operations and branding continuing through 2026.
Six Flags completes sale of six U.S. parks to EPR Properties, marking a major step in the company’s portfolio optimisation strategy. The transaction, announced on 5 April 2026, transfers ownership of Valleyfair, Worlds of Fun, Michigan’s Adventure, Schlitterbahn Waterpark Galveston, Six Flags St. Louis and Six Flags Great Escape to the Kansas City‑based REIT. For the attractions sector, the move signals ongoing appetite for sale‑leaseback structures that free operator capital while keeping day‑to‑day park operations largely unchanged.
Under the agreement, Six Flags completes sale terms that allow EPR to partner with Enchanted Parks as operating tenant at the six properties, with rights to use the Six Flags brand through the end of the 2026 season. Parks will maintain regular operating calendars, and all previously sold season passes, including multi‑park products, will be honoured across the Six Flags network for 2026. A separate transaction covering Six Flags La Ronde in Montreal is expected to close in the second quarter, subject to regulatory approvals, extending the relationship to seven parks in total.
Six Flags completes sale messaging frames the divestment as a way to sharpen focus on parks with the strongest long‑term growth prospects. The company has pointed to goals of margin expansion, stronger free cash flow and improved earnings once the asset reshaping is complete. For EPR, the acquisition represents its largest attractions‑sector investment since 2017, adding a portfolio that collectively generated around 4.5 million visits and approximately $260 million in net revenue in 2025.
Image: Six Flags
