Sale of Darien Lake finalized
The sale of the Darien Lake amusement park in Genesee County to CNL Income Properties Inc., a real estate investment trust affiliate of Jacksonville, Fla.-based Parc 7F-Operations Corp., has been completed, officials announced Monday.
Darien Lake was among seven properties previously owned by Six Flags Inc. (NYSE: SIX) that the New York City-based company announced in January it would sell for $312 million.
CNL Income Properties will lease Darien Lake and the six other parks to Parc 7F-Operations, which will operate the facilities under a long-term agreement, CNL representatives said.
Darien Lake is a 978-acre theme and water park resort that also offers camping accommodations, a 21,000-capacity performing-arts center and catering. It features 43 rides, including five roller coasters, 18 adult rides and 12 children’s rides.
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By TOM ADAMS
Rochester Business Journal
Tuesday, April 10, 2007
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