Six Flags to explore "strategic options" for six properties

Posted | Contributed by coasterguts

Following a comprehensive review of the Company's assets, Six Flags, Inc. today announced its decision to explore potential strategic options with respect to six of its properties. The properties are: Six Flags Darien Lake (outside Buffalo, New York); Six Flags Waterworld (Concord, California); Six Flags Elitch Gardens (Denver, Colorado); Wild Waves and Enchanted Village (outside Seattle, Washington); Six Flags Splashtown (Houston, Texas); and Six Flags Magic Mountain and Hurricane Harbor (near Los Angeles, California).

Although the Company cannot predict when, or if, any specific transaction will occur with respect to these properties, potential options include a sale of the parks as going concerns in a single transaction or a series of transactions, dismantling and re-utilizing certain rides and attractions and selling the underlying land for real estate development purposes, as well as other potential alternatives.

Read the press release from Six Flags.

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