Six Flags Sells Six U.S. Theme Parks to EPR Properties

The $331 million deal will see the parks continue to operate under the Six Flags brand through 2026.

Apr. 7, 2026 at 8:19pm

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A photorealistic studio still life featuring a polished, geometric metal model of a roller coaster track, suspended against a clean white background with dramatic studio lighting and deep shadows.As Six Flags streamlines its theme park portfolio, a sleek metal model of a roller coaster track reflects the company's strategic focus on its most promising properties.Kansas City Today

Six Flags Entertainment Corporation has officially completed the sale of six of its U.S. theme parks to EPR Properties, a Kansas City-based real estate investment trust. The parks included in the $331 million deal are Valleyfair in Minnesota, Michigan's Adventure, Schlitterbahn Waterpark Galveston in Texas, Six Flags St. Louis, and Six Flags Great Escape in New York. The company says the sale is part of a strategy to optimize its portfolio and focus on parks with the greatest long-term growth potential.

Why it matters

The sale of these six parks is part of Six Flags' broader efforts to streamline its operations and strengthen its financial position. The company has faced challenges in recent years, including the closure of Six Flags America in Maryland in 2025. The deal with EPR Properties will allow Six Flags to focus on its remaining properties while still maintaining the Six Flags brand at the sold parks through 2026.

The details

Under the terms of the deal, EPR Properties will now own and operate the six parks, which collectively welcomed 4.5 million guests and generated $260 million in net revenue in 2025. EPR has partnered with Enchanted Parks to manage the day-to-day operations of the properties. Six Flags will retain the rights to use its brand at the parks through the end of 2026, and the company says it expects a 'no significant impact on guests' during the transition.

  • Six Flags announced the sale on March 5, 2026.
  • The sale was officially completed on April 6, 2026.

The players

Six Flags Entertainment Corporation

The parent company of the Six Flags theme park chain, which has sold six of its U.S. parks to EPR Properties.

EPR Properties

A Kansas City-based real estate investment trust that has acquired six Six Flags theme parks, including Valleyfair, Michigan's Adventure, and Six Flags St. Louis.

Enchanted Parks

A company that has partnered with EPR Properties to operate the six acquired Six Flags theme parks.

John Reilly

The president and CEO of Six Flags Entertainment Corporation.

James Harhi

The CEO of Enchanted Parks.

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What they’re saying

“Our team has spent decades operating parks like these. We understand how much they mean to their communities, their employees and the families who visit year after year.”

— James Harhi, CEO, Enchanted Parks

“Families will continue to see the parks they know and love — the rides, the seasonal events, and the people who make each visit special. Behind the scenes, our experienced team will be focused on making every visit safer, smoother and more enjoyable.”

— James Harhi, CEO, Enchanted Parks

What’s next

Six Flags says it expects to complete the sale of its Six Flags La Ronde park in Montreal to EPR Properties in the near future.

The takeaway

The sale of these six Six Flags parks is part of the company's broader strategy to optimize its portfolio and focus on its most promising properties. While the parks will continue to operate under the Six Flags brand for now, the deal with EPR Properties represents a significant shift in the company's ownership and management structure.