Famed amusement park company Six Flags Entertainment Corporation has announced plans to sell seven parks across North America.
In a Thursday press release, Six Flags announced an agreement to divest seven locations spanning the United States, as well as one in Canada.
The release says the move, which transfers ownership to EPR Properties, was "designed to sharpen operational focus while further enhancing its liquidity position."
The seven impacted parks include Valleyfair in Minneapolis, Minnesota; Worlds of Fun in Kansas City, Missouri; Michigan's Adventure in Grand Rapids, Michigan; Schlitterbahn Waterpark Galveston in Galveston, Texas; Six Flags St. Louis in Eureka, Missouri; Six Flags Great Escape in Queensbury, New York; and Six Flags La Ronde, in Montreal, Quebec.
The agreement between Six Flags and EPR Properties includes a cash consideration of $331 million and is "subject to customary purchase price adjustments," per the release.
The parks will remain on their regular operating schedules and "no significant impact on guests is expected during this transition," according to the release.
Six Flags said it plans to continue operating its remaining 34 parks across 23 locations in North America during 2026.
According to the announcement, the transaction is expected to close in either the end of the first financial quarter or beginning of the second quarter.
In a statement to ABC News on Friday, a Six Flags spokesperson said, "We understand how meaningful these parks are to the communities they serve and to the guests who have grown up visiting them. Our teams at these locations have created countless memories, and they are an important part of the Six Flags family. We're confident in the future of these parks under the care of EPR and its operating partners, who have strong experience managing parks of this scale."
They continued, "At the same time, this decision allows Six Flags to invest more deeply in the parks with the greatest opportunity for growth and innovation. We'll be better positioned to invest in new rides and attractions, upgrade park infrastructure and technology, enhance the guest experience with more immersive entertainment and introduce innovations that make every visit even more memorable."
In a press release Thursday, EPR Properties chair and CEO Gregory K. Silvers called the seven park acquisition "a compelling opportunity to expand our attractions portfolio with high-quality experiential real estate assets in established regional markets.
"These properties embody the essential characteristics we seek: delivering stable, long-term cash flows, strong drive-to accessibility, multi-generational appeal, and significant underlying land value," Silvers said in a statement. "This transaction aligns with our disciplined investment criteria and accelerates our strategic expansion into experiential properties that create enduring value for our shareholders."
ABC News has reached out to EPR Properties for additional comment.
