• Home /
  • News /
  • Six Flags to Sell Seven Regional Parks in $331 Million Portfolio Shakeup

Six Flags to Sell Seven Regional Parks in $331 Million Portfolio Shakeup

Details

Six Flags has announced a definitive agreement to sell seven of its regional properties to EPR Properties for $331 million. The move is part of a "portfolio optimization" strategy following the 2024 merger between Six Flags and Cedar Fair, as the company seeks to reduce debt and focus resources on its highest-growth flagship locations.

The transaction is expected to close by the end of Q1 or early Q2 2026.

Which Parks Are Leaving the Portfolio?

The sale includes a mix of former Cedar Fair and legacy Six Flags parks across the US and Canada:

Who are the new owners?

While EPR Properties (a Real Estate Investment Trust) will own the land and assets, they have tapped experienced third-party firms to handle daily operations:

  • Enchanted Parks: Will operate the six US-based properties.
  • La Ronde Operations, Inc.: Led by industry veteran Kieran Burke, this group will manage the Montreal park.

What This Means for You

For fans and pass holders, the immediate message from Six Flags is: "Don't panic for 2026."

1. 2026 Season Passes & Memberships

All 2026 Season Passes and active Memberships purchased through Six Flags will be honored in full for the 2026 season. This includes "multi-park" privileges, meaning if you bought a pass at a remaining Six Flags park, you can still visit these seven divested parks through the end of the 2026 operating year.

2. Branding & Names

EPR Properties has secured the rights to use the Six Flags brand through the end of 2026. You won't see signs being ripped down tomorrow; the names, characters, and "Six Flags" experience will remain consistent for this transition year.

3. Membership Cancellations & Home Parks

Flexibility: Six Flags is allowing Members at these seven parks to cancel their contracts once the sale is finalized, even if they haven't met the typical 12-month commitment.

Changing Home Parks: You cannot "transfer" a membership to a different home park. If you want a new home park (e.g., switching from Six Flags St. Louis to Six Flags Great America), you must cancel the old one and sign up for a new one at current market rates.

4. Add-Ons (Dining, Fast Lane, Photo)

While Season Passes are secure, Six Flags noted they are still "working through" the specifics for Dining Passes and Fast Lane. However, they have already announced a $10 Food & Beverage credit for dining plan holders at these parks to ensure "fair value" during the transition.

Why the Sale?

Six Flags CEO John Reilly stated that the company’s "earnings power has been under-realized" and that this move allows the chain to concentrate capital on 34 remaining parks with the "highest growth potential."

By offloading these seven parks, which collectively saw 4.5 million guests in 2025, Six Flags aims to sharpen its focus on "premiumization" (higher-quality, IP-driven experiences) at its core flagship locations like Six Flags Magic Mountain, Cedar Point, and Six Flags Great Adventure.

Editor’s Note: For those keeping track, this leaves Six Flags with a streamlined portfolio of 34 parks across 23 locations in North America.