Six Flags Entertainment Corporation is sellingseven of its parksto EPR Properties, includingSchlitterbahn Waterpark in Galveston. The sales could amount to a total of $331 million for Six Flags, according to a Thursday news release.
Six Flags officials said the sales put them in a stronger financial position and allow them toinvest in new rides,upgrades to park infrastructure and create a better guest experience at the remaining 34 Six Flags parks across North America.
"By focusing our resources on the parks that we believe have the highest growth potential, we expect to drive operating leverage, expand margins and accelerate our cash flow generation," Six Flags President and CEO John Reilly said in the release.
EPR Properties plans to partner with Enchanted Parks to run the six U.S. properties following completion of the transaction, according to Six Flags.
Six Flags officials assured guests that the impacted parks, including the Houston-area waterpark, would continue normal operations through the 2026 season. All 2026 season passes and active memberships will be honored through the year. The new owners will determine the 2027 loyalty program, and they'll share details once plans are finalized, according to Six Flags.
EPR Properties spokesperson, Brian Moriarty, said he anticipates the property will stay intact as a waterpark, but by working with operator Enchanted Parks, they will be able to bring more of a focus to customer experience, marketing and overall appeal of the park’s food and beverage.
"We’re long-term owners of properties and so success is key. We don’t flip properties, if you will," Moriarty said. "We also recognize these properties mean a lot to the people in the local areas, not only as customers but as employees."
The city of Galveston and the Galveston Economic Development Partnership also did not immediately respond to requests for comment.
"Decisions like this are never taken lightly. We're confident the parks will be in good hands with EPR and its partners, who have strong experience operating parks of this quality and scale,” Reilly said. “At the same time, this move allows Six Flags to concentrate on the parks that we believe offer the greatest opportunities for growth and long-term success. Our goal is to continue creating amazing experiences for all our guests, and this agreement helps us stay focused on that commitment."
The other parks in the sale are Michigan’s Adventure, Six Flags Great Escape in New York, Six Flags La Ronde in Montreal, Six Flags St. Louis, Valleyfair in Minneapolis and Worlds of Fun in Kansas City.
Collectively, the seven parks brought in around 4.5 million guests in 2025, generating approximately $260 million in net revenue and around $45 million in adjusted earnings before interest, taxes, depreciation and amortization, according to the release. Officials said cash proceeds, after taxes and transaction expenses, will be used to pay down debt.
Six Flags officials did not immediately respond to a request for further comment.
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