Blackstone Real Estate Partners IX, an affiliate of Blackstone and affiliates of Centerbridge Partners, L.P. announced that Blackstone is acquiring a 65% controlling interest in Great Wolf Resorts, Inc.
Great Wolf is a leading owner and operator of family-oriented entertainment resorts, with 18 resorts around the country. As part of the transaction, Blackstone and Centerbridge will form a new $2.9 billion joint venture to own the Company.
Great Wolf provides safe and immersive entertainment experiences for families in all seasons and all weather conditions across 18 resorts, or “lodges”, in the United States and Canada, with more in the pipeline including a new lodge in Northern California scheduled to open in 2020.
Every Great Wolf lodge contains a full-service hotel, expansive indoor waterpark, recreational activities including game rooms, ropes courses, and family bowling alleys, various food & beverage offerings, and themed experiences with proprietary characters unique to Great Wolf. The company has approximately 6,000 full-time employees nationwide.
Source : Company