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VICI Properties’ $288M Loan Gets Construction Howling at Great Wolf Lodge in Mashantucket
VICI Properties, Inc., an experiential real estate investment trust, has agreed to provide a construction loan for up to $287.9 million to Great Wolf Resorts, Inc. to develop a Great Wolf Lodge resort located in Mashantucket, CT.
This transaction represents VICI Properties, Inc.’s fourth loan investment with Great Wolf Resorts, Inc. for a total capital commitment of $553.4 million.
The 549-room park venue will sit adjacent to the Foxwoods Resort Casino. Construction begun on February 1; guests are expected by mid-2025.
The resort, which is being built as part of a partnership agreement with the Mashantucket Pequot Tribal Nation, will be situated on 13-acres and feature a 91,000 square-foot indoor water park and a 61,000-square-foot family entertainment center.
Great Wolf Resorts, Inc., in conjunction with shareholders Blackstone and Centerbridge Partners, will be making a $25,000 donation to the Mashantucket Pequot Museum and Research Center to assist in sharing the history, stories and traditions of the Mashantucket Pequot culture.
- ◦Development
- ◦Financing
