Skip to content
Subscriber Only
Markets
Deals

Blackstone Nears $2.9 Billion Deal for Great Wolf

Great Wolf Lodge water park in Garden Grove, California.
Great Wolf Lodge water park in Garden Grove, California.

Photographer: Jeff Gritchen/Digital First Media/Orange County Register via Getty Images

Updated on

Centerbridge Partners is nearing a deal to sell indoor water-park operator Great Wolf Resorts Inc. to Blackstone Group Inc., according to people with knowledge of the matter.

Any transaction would value Great Wolf at at least $2.9 billion, including debt, said one the people, who requested anonymity because the talks are private. Any deal would likely be led by Blackstone’s real estate investment arm, another person said.