Wednesday, March 28, 2007

Two Six Flags-ish Items


Two Six Flags items to mention:

This screen shot is from an investor presentation that Mark Shapiro gave a few days ago:

I never realized that when they sold the parks recently they left only one American property that is not Six Flags branded. I would assume Great Escape will get a new name pretty soon, perhaps even with a big steel coaster that used to live in Texas.

There's nothing earth-shattering in the presentation but it's worth a quick view if you like. It's a pdf file.

Item two is related to CNL properties, the real estate investment firm that purchased the parks from Six Flags. They seem to be ramping up their appraoch, as it was announced today that they are buying Magic Springs and Crystal Falls in Arkansas.


Basically they are doing the same thing they did with the Six Flags parks, as they are going to immediately lease the park back to the current management. This allows the managers to run the park the same but have a whole lot more financial flexability when it comes to expanding the park. There is an article in the Arkansas Democrat Gazette worth reading.

I've been cheering for Magic Springs for a while now so this is good news for the park.


2 comments:

Ryan said...

American Adventures in Georgia isn't branded under Six Flags. Also, in Canada, La Ronde. I would expect AA to be dissolved completely, with the rides merged into the existing parks, and La Ronde given the Six Flags name as long as it doesn't conflict with the funky ownership agreements that park has.

I'm your consort said...

So true about American Adventures. I did specify "American" parks so I had thought of La Ronde. I barely consider American Adventures to be a park.