Thursday, March 5, 2026
Six Flags Entertainment shedding seven parks to EPR Properties
Six Flags Entertainment (FUN) has sold seven parks to EPR Properties for $331M as part of the company’s efforts to optimize its portfolio and bolster its balance sheet.
Included in the transaction are Valley Fair in Minnesota, Worlds of Fun inKansas City, Michigan’s Adventure, the Schlitterbahn Waterpark in Galveston, Texas, Six Flags St. Louis, Six Flags Great Escape in Queensbury NY, and Six Flags La Ronde in Montreal. These parks all generate ~$260M in net revenue and ~$45M in adjusted EBITDA.
Read the rest at SeekingAlpha
Knott's News: It'll be nice if they can continue to trim their portfolio down and make significant investments in what remains. Right now the company is just too spread out with limited resources and with only a few parks carrying the whole company, wasting those resources on low performers with no growth potential just hurts the company as a whole. I'm hoping the scaling back allows the forgotten parks like Knott's to start receiving the attention it previously received.
Financially, this sale of 7 parks only nets them $331 million, which goes straight towards paying off that $5.18 billion debt. For prospective, when Paramount sold their 5 parks, Cedar Fair paid $1.24 billion and even now one of those parks (California's Great America) was sold off for $310 million.
Included in the transaction are Valley Fair in Minnesota, Worlds of Fun inKansas City, Michigan’s Adventure, the Schlitterbahn Waterpark in Galveston, Texas, Six Flags St. Louis, Six Flags Great Escape in Queensbury NY, and Six Flags La Ronde in Montreal. These parks all generate ~$260M in net revenue and ~$45M in adjusted EBITDA.
Read the rest at SeekingAlpha
Knott's News: It'll be nice if they can continue to trim their portfolio down and make significant investments in what remains. Right now the company is just too spread out with limited resources and with only a few parks carrying the whole company, wasting those resources on low performers with no growth potential just hurts the company as a whole. I'm hoping the scaling back allows the forgotten parks like Knott's to start receiving the attention it previously received.
Financially, this sale of 7 parks only nets them $331 million, which goes straight towards paying off that $5.18 billion debt. For prospective, when Paramount sold their 5 parks, Cedar Fair paid $1.24 billion and even now one of those parks (California's Great America) was sold off for $310 million.
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