Deals
Blackstone to Buy 65% of Park Operator Great Wolf Resorts
- Blackstone, Centerbridge joint venture to own the company
- Centerbridge bought Great Wolf from Apollo Global in 2015
Photographer: Jeff Gritchen/Digital First Media/Orange County Register via Getty Images
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Blackstone Group Inc. agreed to buy a 65% controlling interest in waterpark operator Great Wolf Resorts Inc. from Centerbridge Partners and the two firms will form a $2.9 billion joint-venture to own the company.
Great Wolf operates 18 family-oriented resorts in the U.S. and Canada, according to a statement announcing the deal. The properties include full-service hotels, indoor waterparks, and recreational activities like bowling alleys and ropes courses.