Originally marketed as a single deal for all nine parks, CEO Mark Shapiro said at a investor conference this morning that the company is now entertaining discussions with some companies for a portion of the portfolio. The nine parks in the portfolio were not named, although Magic Mountain in California was listed as one property in the group. Shapiro declined to comment during the conference which assets were receiving the most interest or the total value of the portfolio.
In June, Six Flags officials said they were looking into strategic options for six parks. Those parks include Six Flags Darien Lake, Buffalo; Six Flags Waterworld, Concord, CA; Six Flags Elitch Gardens, Denver; Wild Waves and Enchanted Village, Seattle; Six Flags Splashtown, Houston; and Six Flags Magic Mountain and Hurricane Harbor, Los Angeles, according to a company release at the time.
Should the sale of the portfolio be announced by the end of the year, Shapiro said every park would continue to operate for the 2007 season. "If we do sell the parks they will be sold strictly as ongoing concerns," Shapiro said.
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