Great Wolf Resorts gets new majority owner in $2.9B deal

Great Wolf Resorts has a new majority owner and more growth could be on the way.

The company, founded in Wisconsin Dells and with its corporate headquarters in downtown Madison, is now owned by a joint venture consisting of Blackstone Real Estate Partners IX, an affiliate of Blackstone, and affiliates of the resort`s existing owner, Centerbridge Partners, L.P. Under the $2.9 billion joint venture agreement, Blackstone will own 65 percent of the company that is known for its woodsy hotels and waterparks throughout the U.S. and Canada...

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- - Volume: 7 - WEEK: 40 Date: 10/3/2019 7:15:17 AM -