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A major change is coming to the Capital Region's largest amusement park. Six Flags Entertainment Corporation announced on Thursday (March 5) that it has reached an agreement to sell the Great Escape in Queensbury, New York, along with six other parks, to EPR Properties for $331 million. The sale is part of Six Flags' strategy to sharpen its operational focus and strengthen liquidity.
According to CBS6 Albany, the parks included in the transaction entertained approximately 4.5 million guests last year, generating about $260 million in net revenue. Six Flags plans to use the proceeds from the sale to pay down debt and improve its leverage ratio.
EPR Properties, based in Kansas City, Missouri, will partner with Enchanted Parks to operate the six domestic properties, while La Ronde Operations, Inc. will manage the Canadian park. The transition is expected to have no significant impact on guests, with all season passes and multi-park privileges being honored through the 2026 season.
The sale is anticipated to close by the end of the first quarter or the beginning of the second quarter of 2026, subject to closing conditions and third-party approvals. News10 reports that Six Flags aims to focus on parks with potential for expansion and improved guest services.
John Reilly, President and CEO of Six Flags, expressed confidence in EPR and its partners, stating that they have strong experience in operating parks of this quality and scale. The company plans to continue operating its remaining 34 parks across 23 locations in North America for the 2026 season.