Six Flags Entertainment Corporation (NYSE:SIX), the world’s largest regional theme park company, announced it has entered into a purchase agreement with affiliates of Premier Parks, LLC to acquire the lease rights to operate five parks owned by EPR Properties (NYSE:EPR) including our very own, Wet ‘n Wild.
The other four parks being acquired by Six Flags are:
• Wet n’ Wild Splashtown, Houston’s largest water park
• Darien Lake near Buffalo, NY, a resort that includes a theme park, water park, campground, hotel and amphitheater
• Frontier City, an iconic western-themed park in Oklahoma City
• White Water Bay, near Frontier City, a tropical oasis with more than 25 acres of water slides, interactive water play areas, and pools
Wet n’ Wild Phoenix is the largest waterpark in Arizona (located near 43rd Ave and Pinnacle Peak in the Adobe Dam Recreation Area) and features 35 acres of high-speed slides and two pools, and also offering a Wet n’ Wild Jr. section with kid-friendly versions of some of the park’s most thrilling attractions.
“This announcement represents another milestone in our strategic North-American growth initiative to seek out park acquisitions that expand our addressable market,” said Six Flags Chairman, CEO, and President, Jim Reid-Anderson. “These are all fantastic properties that complement our existing portfolio and provide tremendous added value and cross-visitation opportunities for our extensive Membership and Season Pass base.”
Once this deal closes, Six Flags will become the “the largest waterpark operator in North America.” With the addition of these five properties that entertained approximately two million guests in 2017, there will be an additional 20 million guests within a 100-mile radius of a Six Flags park, significantly expanding the company’s national footprint.
“We are thrilled to welcome these outstanding properties and employees into our family of parks and look forward to sharing the thrill of Six Flags with guests of all ages in these key markets,” added Reid-Anderson.