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Blackstone takes 65 per cent stake in Great Wolf
POSTED 03 Oct 2019 . BY Andy Knaggs
Great Wolf lodges include indoor waterparks and a range of other recreational activities
"Great Wolf stands to benefit greatly from Blackstone’s world-class insights and expertise in hospitality"
– Murray Hennessy
Great Wolf Resorts, which runs 18 family-oriented waterpark and entertainment resorts in the US and Canada, is targeting accelerated growth under a new joint ownership venture that sees hospitality and leisure investor Blackstone Real Estate Partners take a 65 per cent controlling interest in the company.

Blackstone will share ownership with Centerbridge Partners, which is the existing owner of Great Wolf, creating a new US$2.9 bn (€2.64bn, £2.34bn) joint venture.

Tyler Henritze, head of US acquisitions for Blackstone Real Estate, said the company had been impressed by the evolution and growth of the company under Centerbridge’s ownership, with the development of an enriched guest experience and seven new lodges having been opened since 2015.

Describing Blackstone as "one of the most experienced and successful investors in the hospitality and leisure industries", William D. Rahm, a senior managing director and global head of real estate at Centerbridge, said it was also highly supportive of Great Wolf’s growth potential and ability to provide "unparalleled experiences for families".

Murray Hennessy, the CEO of Great Wolf Resorts, commented: "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."

Great Wolf's lodges each contain a full-service hotel, indoor waterpark, recreational activities including games rooms and bowling alleys, food and beverage offerings, and themed experiences with the company's own proprietary characters. Its pipeline of expansion includes a new lodge in northern California due to open in 2020.
The theme park operator is expanding quickly, and will accelerate further with the new ownership structure
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Jobs   News   Products   Magazine
NEWS
Blackstone takes 65 per cent stake in Great Wolf
POSTED 03 Oct 2019 . BY Andy Knaggs
Great Wolf lodges include indoor waterparks and a range of other recreational activities
Great Wolf stands to benefit greatly from Blackstone’s world-class insights and expertise in hospitality
– Murray Hennessy
Great Wolf Resorts, which runs 18 family-oriented waterpark and entertainment resorts in the US and Canada, is targeting accelerated growth under a new joint ownership venture that sees hospitality and leisure investor Blackstone Real Estate Partners take a 65 per cent controlling interest in the company.

Blackstone will share ownership with Centerbridge Partners, which is the existing owner of Great Wolf, creating a new US$2.9 bn (€2.64bn, £2.34bn) joint venture.

Tyler Henritze, head of US acquisitions for Blackstone Real Estate, said the company had been impressed by the evolution and growth of the company under Centerbridge’s ownership, with the development of an enriched guest experience and seven new lodges having been opened since 2015.

Describing Blackstone as "one of the most experienced and successful investors in the hospitality and leisure industries", William D. Rahm, a senior managing director and global head of real estate at Centerbridge, said it was also highly supportive of Great Wolf’s growth potential and ability to provide "unparalleled experiences for families".

Murray Hennessy, the CEO of Great Wolf Resorts, commented: "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."

Great Wolf's lodges each contain a full-service hotel, indoor waterpark, recreational activities including games rooms and bowling alleys, food and beverage offerings, and themed experiences with the company's own proprietary characters. Its pipeline of expansion includes a new lodge in northern California due to open in 2020.
The theme park operator is expanding quickly, and will accelerate further with the new ownership structure
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COMPANY PROFILES
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
FORREC Ltd

We create guest experiences others don’t, masterplan like no one else can, and give the world’s bi [more...]
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
Antonio Zamperla Spa

Founded in 1966, the Antonio Zamperla SPA is privately owned by Mr Alberto Zamperla. Located in Vi [more...]
+ More profiles  
FEATURED SUPPLIER

Painting with Light pushes boundaries to create unforgettable visual concepts
Belgium-based light and video design studio, Painting with Light, will translate the story of your location into a visual experience, using the art of light architecture. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Experience the experience – Polin Waterparks & Pool Systems
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08 Oct 2020

VAC 2020 VIRTUAL (The Annual National Conference of Visitor Attractions)

Online, United Kingdom
17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2020

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