Fried Frank acted as counsel to Blackstone in its acquisition of a 65% controlling interest in Great Wolf Resorts (Great Wolf). As part of the transaction, Blackstone and Centerbridge Partners will form a new US$2.9 billion joint venture to own Great Wolf, which is an owner and operator of family-oriented entertainment resorts, with 18 resorts around the country. The properties include full-service hotels, indoor waterparks, and recreational activities. The transaction is expected to close in the first quarter of 2020.
The Fried Frank team was led by real estate partner Jonathan L. Mechanic and corporate partner Warren S. de Wied and included corporate partners Amber Banks (Meek), real estate partner Avi David Feinberg, and tax partner Alan S. Kaden.