Six Flags sells 7 amusement parks, including Michigan's Adventure, for $331M

EPR Properties acquires the parks, which will continue normal operations through 2026.

Published on Mar. 5, 2026

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Six Flags Entertainment has agreed to sell seven of its amusement parks, including Michigan's Adventure in Muskegon, to real estate investment trust EPR Properties for $331 million. All of the parks will continue normal operations through the 2026 season under the new ownership.

Why it matters

The sale of these parks, including the popular Michigan's Adventure, represents a major shift in the amusement park industry as large operators like Six Flags focus on their core assets and monetize non-essential properties. The deal also highlights the ongoing consolidation in the sector as real estate investment firms look to diversify their portfolios.

The details

The seven parks being sold by Six Flags to EPR Properties include Michigan's Adventure in Muskegon, as well as parks in New York, Texas, Missouri, and Canada. The $331 million deal will allow Six Flags to pay down debt and focus on its larger, more profitable theme parks.

  • The sale agreement was announced on March 5, 2026.
  • The parks will continue normal operations through the 2026 season under the new ownership.

The players

Six Flags Entertainment

A major American theme park and entertainment company that owns and operates 27 theme parks and water parks across North America.

EPR Properties

A real estate investment trust (REIT) that specializes in entertainment, recreation and education properties.

Michigan's Adventure

An amusement park located in Muskegon, Michigan that is one of the seven parks being sold by Six Flags to EPR Properties.

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What’s next

The sale is expected to close in the second quarter of 2026, subject to customary closing conditions.

The takeaway

This deal represents a strategic shift for Six Flags as it focuses on its core theme park assets, while providing an opportunity for EPR Properties to diversify its real estate portfolio into the amusement park sector.