Six Flags Leisure will dump seven of its amusement parks in america and Canada to EPR Properties, the corporate introduced Thursday.
The corporate stated it might dump Michigan’s Journey in Muskegon, Michigan; Schlitterbahn Waterpark Galveston in Texas; Six Flags Nice Escape in Queensbury, New York; Six Flags La Ronde in Montreal; Six Flags St. Louis in Missouri; Valleyfair in Minneapolis and Worlds of Enjoyable in Kansas Metropolis for round $331 million.
“In step with our technique, this divestiture allows us to pay attention our capital, management and operational concentrate on the properties that we consider generate the strongest returns and provide the best long-term upside,” Six Flags Leisure Company chief govt John Reilly stated in a information launch.
EPR plans to companion with Enchanted Parks to run the six US parks. La Ronde Operations will function the Canadian park.
The parks will proceed to function on their common schedule and all season passes offered shall be acknowledged by the 2026 working season.
Six Flags will proceed to function 34 parks throughout 23 places in North America for the 2026 season.
The deal is anticipated to shut by the top of the primary quarter or the start of the second quarter of 2026.
Collectively, the seven parks hosted about 4.5 million visitors final 12 months, producing about $260 million in internet income, the corporate stated. Money proceeds, after taxes and transaction bills, shall be used to pay down debt, it stated.
“This strategic acquisition represents a compelling alternative to broaden our points of interest portfolio with high-quality experiential actual property belongings in established regional markets,” EPR Properties CEO Gregory Silvers stated.
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