Michigan's Adventure Amusement Park Sold in $331 Million Deal

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Michigan's largest amusement park, Michigan's Adventure, has been sold as part of a $331 million multi-park deal. The buyer is EPR Properties, a real estate investment company that specializes in entertainment venues. EPR will own the parks but lease operations to a company called Enchanted Parks under a long-term agreement. For the 2026 season, park-goers can expect business as usual, with no major changes planned.

Why it matters

The sale of Michigan's Adventure is part of a broader restructuring after the 2024 merger of Six Flags and Cedar Fair, creating an $8 billion amusement park conglomerate. Selling off some parks appears to be part of this reorganization process. The deal also highlights the growing role of real estate investment firms in owning and managing major entertainment properties.

The details

The $331 million deal includes seven parks across North America, with Michigan's Adventure being one of the properties sold by Six Flags. EPR Properties, the buyer, will own the parks but lease operations to a company called Enchanted Parks under a long-term agreement. For the 2026 season, park-goers can expect the usual schedule, with season passes still honored and employees hired as normal.

• The sale was announced on March 11, 2026.
• The deal is expected to close before the 2026 summer season.

What’s next

The deal is expected to close before the 2026 summer season, at which point Enchanted Parks will take over operations of the purchased parks.