Six Flags Sells Seven Parks to EPR Properties for $342 Million
Six Flags agreed to sell seven underperforming North American parks, including La Ronde and Michigan’s Adventure, to EPR Properties for $342 million. The divestiture follows a $1.2 billion net loss in 2025 and aims to redirect capital and operational focus toward higher-potential parks.
1. Sale Details
Six Flags has entered into a definitive agreement to sell seven regional parks—La Ronde in Montreal, Michigan’s Adventure in Grand Rapids, Six Flags St. Louis, Schlitterbahn Waterpark in Galveston, Six Flags Great Escape, Worlds of Fun in Kansas City, and Valleyfair in Minneapolis—to EPR Properties for $342 million. The portfolio spans over 1,600 acres, features 418 rides, and drew an average of 4.5 million visitors annually.
2. Strategic Rationale
Following a net loss of $1.2 billion at the end of 2025, Six Flags intends to concentrate resources on its most innovative and profitable parks. Management highlighted that the divestiture will free up capital, leadership bandwidth, and operational focus to enhance guest experiences and pursue expansion at higher-return locations.
3. Future Outlook
Under EPR Properties’ ownership, the seven parks are expected to continue operating with potential upgrades and programming changes driven by the new owner’s expertise in stabilized, cash-generating real estate. Six Flags plans to monitor performance and reinvest proceeds into technology, attraction development, and guest services at its remaining portfolio.