Blackstone Real Estate Partners IX, an affiliate of Blackstone and Centerbridge Partners, is acquiring a 65 per cent controlling interest in Great Wolf Resorts.
Great Wolf Resorts is an owner and operator of family-oriented entertainment resorts, with 18 resorts around the country.
As part of the transaction, reported last month in InterGame, Blackstone and Centerbridge will form a new US$2.9bn joint venture to own the company.
Tyler Henritze, head of US acquisitions for Blackstone Real Estate, said: “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.”
Murray Hennessy, CEO of Great Wolf Resorts, said: “We are pleased to welcome Blackstone as a new member of the Great Wolf pack and excited to begin the next chapter for our rapidly expanding company. Great Wolf stands to benefit greatly from Blackstone’s world-class insights and expertise in hospitality, and values Centerbridge’s continued involvement as we look to further expand the Great Wolf brand with the development of new resorts and enhancements to our renowned immersive family experiences.”
