Six Flags Entertainment Corporation announced its plan to close Six Flags America and Hurricane Harbor in Bowie, Maryland, after the 2025 operating season. The approximately 500-acre property will be marketed for redevelopment as part of the company’s ongoing portfolio optimization program.
The company has engaged CBRE to market the property for sale, with expectations that the land sales will generate 'north of a couple of hundred million dollars' in gross proceeds. This move is intended to support debt reduction and modestly improve EBITDA margins.
CEO Richard A. Zimmerman stated that the parks are not a strategic fit with the company’s long-term growth plan, and marketing the property for redevelopment is expected to generate the highest value and return on investment. The closure is not anticipated to materially impact 2025 financial results.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.