Six Flags to Sell 7 Amusement Parks in $331M Deal

The sale will allow Six Flags to focus on stronger-performing locations.

Published on Mar. 5, 2026

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Six Flags Entertainment Corporation announced it will sell seven of its amusement parks across the United States and Canada to EPR Properties for around $331 million. The parks being sold include Michigan's Adventure, Schlitterbahn Waterpark Galveston, Six Flags Great Escape, Six Flags La Ronde, Six Flags St. Louis, Valleyfair, and Worlds of Fun.

Why it matters

The sale will allow Six Flags to concentrate its capital, leadership, and operational focus on the properties that generate the strongest returns and offer the greatest long-term upside, according to the company's CEO. The move is part of Six Flags' broader strategy to streamline its portfolio and prioritize its highest-performing assets.

The details

Under the deal, EPR Properties will partner with Enchanted Parks to run the six U.S. parks, while La Ronde Operations will operate the Canadian park. The parks will continue to operate on their regular schedule, and all season passes sold will be recognized through the 2026 operating season. Six Flags will continue to operate 34 parks across 23 locations in North America for the 2026 season.

  • The deal is expected to close by the end of the first quarter or the beginning of the second quarter of 2026.
  • The seven parks being sold hosted about 4.5 million guests last year, generating about $260 million in net revenue.

The players

Six Flags Entertainment Corporation

A major American theme park corporation that owns and operates 27 theme parks and water parks in the United States, Mexico, and Canada.

EPR Properties

A real estate investment trust (REIT) that specializes in entertainment and recreation properties, including theme parks, water parks, and other attractions.

Enchanted Parks

A company that will partner with EPR Properties to operate the six U.S. parks being acquired from Six Flags.

La Ronde Operations

The company that will operate the Six Flags La Ronde park in Montreal, Canada, which is part of the sale to EPR Properties.

John Reilly

The chief executive officer of Six Flags Entertainment Corporation.

Gregory Silvers

The CEO of EPR Properties.

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What they’re saying

“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.”

— John Reilly, Chief Executive Officer, Six Flags Entertainment Corporation (Six Flags press release)

“This strategic acquisition represents a compelling opportunity to expand our attractions portfolio with high-quality experiential real estate assets in established regional markets.”

— Gregory Silvers, CEO, EPR Properties (Six Flags press release)

What’s next

The deal is expected to close by the end of the first quarter or the beginning of the second quarter of 2026.

The takeaway

This sale allows Six Flags to focus on its highest-performing assets and streamline its portfolio, while EPR Properties expands its attractions portfolio with the acquisition of these regional amusement parks. The move reflects the ongoing evolution of the theme park industry as companies seek to optimize their operations and investments.