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Blackstone Buys Controlling Interest in Indoor Water Park Operator Great Wolf Resorts

New $2.9 Billion Venture With Centerbridge Partners Formed to Invest in 18-Park Portfolio
The Great Wolf Resort in Grapevine, Texas, is among 18 hotel properties getting folded into a new venture. (Wikimedia Commons)
The Great Wolf Resort in Grapevine, Texas, is among 18 hotel properties getting folded into a new venture. (Wikimedia Commons)
CoStar News
October 2, 2019 | 8:42 P.M.

New York City private equity giant Blackstone Group said it's acquiring a 65% controlling interest in Great Wolf Resorts, the largest operator of indoor water parks in North America, as part of a $2.9 billion joint venture with owner Centerbridge Partners.

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