Six Flags Entertainment has confirmed it is selling seven parks to EPR Properties in a $331 million deal. Announced on 5 March 2026, the Six Flags park sale marks one of the most significant portfolio moves in the North American attractions industry in recent years.
The seven parks included in the deal are Michigan’s Adventure (Muskegon, Michigan), Schlitterbahn Waterpark (Galveston, Texas), Six Flags Great Escape (Queensbury, New York), Six Flags La Ronde (Montreal, Canada), Six Flags St. Louis (Missouri), Valleyfair (Minneapolis, Minnesota), and Worlds of Fun (Kansas City, Missouri). Together, these parks welcomed around 4.5 million guests in 2025 and generated roughly $260 million in net revenue.
The move is part of Six Flags’ wider portfolio optimisation strategy. CEO John Reilly has been direct about the rationale. The Six Flags park sale allows the company to focus capital and leadership on higher-performing properties — parks with stronger returns and long-term growth potential, such as Knott’s Berry Farm and Six Flags Magic Mountain.
Following the transaction, Six Flags will operate 34 parks across 23 North American locations. The deal is expected to close by late Q1 or early Q2 2026, pending regulatory approvals. Cash proceeds, after taxes and costs, will go towards paying down the company’s $5.2 billion debt.
EPR Properties, a real estate investment trust, will take ownership. Enchanted Parks will operate the six US parks. La Ronde Operations will manage the Canadian site. All seven parks will run normal operations through the 2026 season, and existing season passes and memberships remain valid.
The transaction signals a broader shift across the sector. Scale alone no longer guarantees performance. Strategic focus, guest experience, and return on investment are now driving operator decisions at the highest level.
Image: Six Flags
