Parks Involved and Financial Details
The parks being divested include Michigan’s Adventure, Valleyfair, Worlds of Fun, Six Flags St. Louis, Six Flags Great Escape, Schlitterbahn Galveston, and La Ronde. These properties collectively generated about $260 million in net revenue and $45 million in adjusted EBITDA in 2025. EPR Properties, a real estate investment trust, will fund most of the purchase—around $315 million—with the balance from operating tenants for working capital and improvements, valuing the deal at a gross of $342 million.
Operations and Guest Impact
All seven parks will maintain normal operations through the 2026 season, with season passes and memberships fully honored, including multi-park privileges across the Six Flags network. EPR retains rights to use the Six Flags brand until the end of 2026 and plans to partner with operators like Enchanted Parks for the domestic sites and La Ronde Operations, Inc., for the Montreal property. Six Flags assures no significant disruptions for guests during the transition.finance.
Strategic Rationale and Future Plans
Six Flags President and CEO John Reilly stated the divestiture sharpens focus on 34 remaining parks across 23 North American locations, enabling deeper investments in attractions, infrastructure, and entertainment. The deal, expected to close in Q1 or early Q2 2026 pending approvals, aims to deleverage the balance sheet and boost growth in high-potential properties. This follows Six Flags’ 2024 merger with Cedar Fair, amid ongoing efforts to streamline after financial challenges.