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Six Flags Sells Seven Parks to EPR Properties in $331 Million Portfolio Deal

EPR plans to lease the parks to third‑party operators under long‑term agreements, signaling likely rebranding after the 2026 season.

Overview

  • EPR disclosed a gross transactional value of about $342 million, with roughly $315 million provided by EPR and the balance by operating tenants, versus Six Flags’ $331 million sale price.
  • The six U.S. parks will be operated by Enchanted Parks under a long‑term master lease, while La Ronde in Montreal will be run by La Ronde Operations Inc.
  • EPR holds rights to use the Six Flags name through the end of 2026, and reporting indicates major branding and operational changes are more likely to appear starting in 2027.
  • Six Flags said the divestiture allows it to concentrate resources on higher‑return properties, with coverage noting proceeds are intended in part to pay down debt.
  • The seven parks drew about 4.5 million guests in 2025, generating roughly $260 million in net revenue and $45 million in EBITDA, while Six Flags continues to operate 34 parks across 23 North American locations.