Six Flags Is Permanently CLOSING This Park Next Month

We’re getting worried about the status of Six Flags theme parks around the country.

©Six Flags

Several Six Flags theme parks have struggled to stay open over the past year-plus, and things could be getting worse for the theme park giant in the near future, per a recent report.

According to The Wall Street Journal, Six Flags Entertainment is under pressure to “spin out or sell its real estate and make other changes that could boost the theme-park operator’s stock price.”

©Six Flags

Activist investor Land & Buildings Investment Management currently owns a 2% stake in Six Flags and detailed its requests in September to the entertainment company. The requests come on the heels of Six Flags seeing its shares tank more than 55% year to date, in part because of bad weather and other park issues. Unfortunately, a lot of these problems popped up during the summer — Six Flags’ most vital tourist and annual pass season.

©Six Flags

Six Flags merged with Cedar Fair in 2024 in an effort to stabilize finances for both companies, but Land & Buildings’ Chief Investment Officer, Jonathan Litt, has suggested that problems have only gotten worse for Six Flags since.

As such, the investor is asking for Six Flags to spin out its theme park real estate “into a new real-estate investment trust entity that it thinks would trade at a higher multiple.” Land & Buildings also thinks Six Flags should consider “an outright sale of its real estate,” which is currently estimated to be worth as much as $6 billion.

©Six Flags

Stock prices have continued to suffer as the company struggles to compete with juggernauts like Disney and Universal.

©Six Flags Over Texas

Right now, these discussions are just that, and so far, Six Flags seems committed to dedicating time and money to theme park operations, but that doesn’t mean no parks are getting closed.

We already know that Six Flags America and Hurricane Harbor in Woodmore, Maryland, are set to close this fall (Hurricane Harbor closed in September), while California’s Great America in Santa Clara, California, must close by June 30th, 2028, unless Six Flags exercises an option to extend the lease through 2033.

Six Flags St. Louis could also be targeted for a closure.

Meanwhile, Six Flags says it is open to engage with shareholders and explore all kinds of possibilities, but remains “committed to successfully executing our strategic plan to drive attendance growth, reduce costs and elevate the guest experience.”