Blackstone and Centerbridge Partners have entered into an agreement to acquire a 65-percent controlling interest in Great Wolf Resorts. Great Wolf owns and operates 18 family-oriented entertainment resorts located in the US and Canada. Each facility contains a full-service hotel, indoor waterpark, recreational activities, including game rooms, ropes courses, and family bowling alleys, various food and beverage offerings and themed experiences. As part of the transaction, Blackstone and Centerbridge will form a new $2.9bn joint venture to own the company.
“We have been very impressed by the evolution and growth of the company under Centerbridge’s ownership. With the leadership of its talented management team, Great Wolf has enriched the guest experience and opened seven new lodges since 2015. We look forward to investing in these properties to further deliver for guests and grow the company,” said Tyler Henritze, head of US acquisitions for Blackstone Real Estate.
