Kalahari Resorts and Conventions has agreed a deal with real estate investment trust VICI Properties for a US$212m loan investment for the development of the Kalahari park resort in Virginia.
The $900m indoor resort will include a water park and various attractions including laser tag, a ropes courses and arcade games. It is expected to open in 2026.
Kalahari Virginia will feature a waterpark, interactive adventure park, dining venues and a convention centre.
Kellan Florio, chief investment officer of VICI Properties, said: “We are excited to initiate this partnership with the Kalahari team. We have high conviction around the vitality and durability of the indoor waterpark resort segment within the family entertainment centre sector, and Kalahari’s growth ambitions and proven track record make them a great partner for VICI.”
