Six Flags Entertainment will sell off seven of its amusement parks in the United States and Canada to EPR Properties, the company announced Thursday.
EPR Properties, a real estate investment trust, will acquire the seven parks. (Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)
“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,” Six Flags Entertainment Corporation chief executive John Reilly said in a news release.
EPR plans to partner with Enchanted Parks to run the six U.S. parks. 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 be left with 34 parks across North America after the sale. (Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images)
Six Flags will continue to operate 34 parks across 23 locations in North America for the 2026 season.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| FUN | SIX FLAGS ENTERTAINMENT | 17.51 | +0.78 | +4.66% |
Collectively, the seven parks hosted about 4.5 million guests last year, generating about $260 million in net revenue, the company said. Cash proceeds, after taxes and transaction expenses, will be used to pay down debt, it said.
Around 4.5 million guests visited the seven parks last year. (Mathew Imaging/WireImage)
“This strategic acquisition represents a compelling opportunity to expand our attractions portfolio with high-quality experiential real estate assets in established regional markets,” EPR Properties CEO Gregory Silvers said.
