Six Flags to Divest Seven Regional Parks in $331 Million Deal with EPR Properties

CHARLOTTE, N.C. & KANSAS CITY, Mo. – March 5, 2026 – Six Flags Entertainment Corporation (NYSE: FUN) has officially entered into definitive agreements to sell seven of its regional theme and water parks to EPR Properties (NYSE: EPR) for approximately $331 million in cash.

The move is part of a “portfolio optimization” strategy following the Six Flags-Cedar Fair merger, designed to sharpen the company’s focus on its highest-performing assets and reduce its $5 billion debt load.

The Parks Included in the Transaction:

The sale includes a diverse geographic mix of properties that collectively generated $260 million in net revenue in 2025:

Six Flags Great Escape (Queensbury, NY)
Worlds of Fun (Kansas City, MO)
Six Flags St. Louis (Eureka, MO)
Valleyfair (Shakopee, MN)
Michigan’s Adventure (Muskegon, MI)
Schlitterbahn Waterpark (Galveston, TX)
Six Flags La Ronde (Montreal, QC)

What This Means for 2026 Season Passholders

Guests who have already purchased passes for the 2026 season can breathe a sigh of relief. Six Flags and EPR Properties have confirmed that the transition will be “seamless” for visitors:

Passes & Memberships: All 2026 season passes and active memberships will be honored in full throughout the 2026 operating season.
Multi-Park Benefits: Passholders with multi-park access will continue to enjoy those privileges across the Six Flags network through the end of 2026.
Branding: EPR has secured the rights to use the Six Flags brand name for these properties through the end of the 2026 season.

New Management Structure

While EPR Properties will own the real estate, the daily operations will be handed over to experienced third-party management:

Enchanted Parks: The six U.S.-based parks will be operated by Enchanted Parks (formerly Innovative Attraction Management), which already manages high-profile sites like Enchanted Forest Water Safari and Diggerland USA.
La Ronde Operations, Inc.: The Montreal property will be managed by a firm owned by industry veteran and former Six Flags CEO Kieran Burke.

Strategic Outlook

Six Flags CEO John Reilly stated that the divestiture allows the company to “concentrate capital, leadership, and operational focus” on its remaining 34 parks. The $331 million in proceeds will be used primarily to pay down debt, improving the company’s leverage ratio after a challenging 2025.

The transaction is expected to close by the end of Q1 or early Q2 2026, pending customary closing conditions.

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