Jump to content

Which Six Flags parks are up for sale?


Recommended Posts

I think another interesting question might be who the potential buyers would be. SeaWorld (aka United Parks) made a play for Cedar Fair ahead of the SF merger, so that’s a possibility for some of the parks if any come on the market that would be complimentary. At their latest earnings call they noted that they were once again putting the resorts development activity on hold again (I’m convinced they’re never actually going to build a hotel at this point) so maybe that pause is to free up some capital. Although, it’s been rumored since late last year that Parques Reunidos was putting Palace Entertainment on the market and I thought that would be more of a big bang of an acquisition for them.

A few years ago I would have thought Merlin would be a definite possibility and maybe still are, but they’ve been doing a lot of cost cutting and RIFs lately. Still cutting costs in one area doesn’t mean you aren’t going to spend for an acquisition. They just hired a new CEO (internal promotion who previously ran the international Midway attractions business) so that’s may be a way for her to make an immediate impact.

Link to comment
Share on other sites

I feel like they may divest from some of the parks and quiet literally strip it down to bear bones (relocating rides, moving out excess inventory, selling park vehicles) and sell the land. However for parks in the middle of nowhere I think it is more likely the whole park is sold because the land won't be that valuable. If a park is not profitable I do not see why anyone would want to purchase it unless they think it is possible to turn it around. However, I don't think any company has the free capital right now to make that major investment and make a park profitable while at the same time building new rides.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   1 member

×
×
  • Create New...