Blackstone Real Estate To Aquire Controlling Interest in Great Wolf Resorts

Blackstone | October 03, 2019

Blackstone Real Estate To Aquire Controlling Interest in Great Wolf Resorts
New York City-based Blackstone Real Estate continues to grow its “family-fun” portfolio with the recent announcement to acquire 65 percent controlling interest in Great Wolf Resorts. Founded in 1997, Great Wolf Resorts  is the largest operator of indoor water parks in North America, with about 6,000 employees and 18 resorts, including the Great Wolf Lodge in Grapevine.

Spotlight

In the fast-paced environment of today’s real estate industry, expanding the diversity of ideas is especially important and is driving the greater innovation necessary to navigate disruption and capitalize on change. Men still outnumber women by large numbers in nearly all subsectors of real estate, a traditionally male-dominated space. But, by and large, today’s real estate leaders see the benefits of developing and empowering women at all levels.

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REAL ESTATE INVESTMENT

Global Tourism Start-Up LynKey Announces Blockchain and NFT Solutions for $8 Billion of Smart Tourism and Property

LynKey | January 10, 2022

LynKey, a global platform that powers luxury resort and vacation property with Blockchain, AI, NFTs, and Metaverse tech, just launched a project aiming to tokenize and offer NFT, Metaverse solutions of over $8 billion dollars for travel and tourism. The idea of real estate tokenisation first came into public awareness when TechCrunch founder Michael Arrington purchased the world's first blockchain-backed apartment on Propy in 2017. In 2021, Arrington sold the Kiev-based apartment for 36 ETH. Lynkey is working on taking digitization of property and tourism on a scale not seen ever before. LynKey has started to digitise luxury tourism resorts, hotels and properties, first in Vietnam, and later, at multiple other destinations. LynKey, a blockchain Singapore based smart tourism and Property tech start-up are creating a blockchain-powered token marketplace and ecosystem that is tokenising over $8 billion dollars-worth of properties, in total, at the very launch! LynKey's objective is to tokenise all aspects of property development — purchases, leases, land use and related tourism entertainment — into an international blockchain-powered ecosystem. It envisions to connect the people around the world with the best of property tech and smart tourism premium experiences from resorts and cruises with NFTs and Metaverse AR and VR solutions. What is the company all about? A pioneer in smart tourism and real estate, LynKey was created by a team of international industry personalities. LynKey's solutions make travel rewarding in every way - the platform optimises timesharing, prepaid leasing or licensing of property-based experiences geared towards tourism, while offering an exclusive reward system for its users. With a global blockchain token marketplace ecosystem and community, LynKey efficiently overcomes the need for non-necessary intermediaries, empowering its users to explore the ecosystem that offers real-time solutions and soon, also metaverse experiences. Using NFTs and Metaverse solutions with AI data-driven protocol sets, we are creating clear digital transformation solutions for the travel and entertainment space with smart tourism and property tech that can help these industries in new solutions to empower these global industries. LynKey connects the global audience with a Blockchain-powered platform and a token that empowers an ecosystem for time-sharing using NFTs as a digital certification, and reward solutions at premium luxury tourist spots." Dinis Guarda, founder and non-executive Chairman of LynKey. Despite globalisation, Covid challenges in the tourism and travel industry persist. Blockchain and NFT technology can address and resolve these issues. Most global travellers or property buyers have to deal with local currencies, lack of transparency in buying or leasing property and timeshares, and losing money to high exchange fees or worse. A consolidated marketplace and token solution will solve many of these issues." Miss Cindy Tran, Co-Founder and Chairwoman of LynKey. While property businesses, companies, and cities need potential clients to thrive themselves, there is also a dire need for this industry to catch up with current technological advances. With global tourism forecast to reach a $1.3 trillion mark by the end of 2021, LynKey mitigates a majority of problems plaguing the travel industry. LynKey's token, NFTs and first properties and resort projects will be announced in Q1 of 2022. For more information on how to be involved or become an early participant and adopter, please visit www.lynkey.com. About LynKey Property Tech and smart tourism developer based in Singapore, with offices in Vietnam and London, LynKey has created a new blockchain NFTs, Metaverse, AI driven token ecosystem designed for travellers to book their tourism and property experiences with hotels, restaurants, timeshare, and other smart destination-based excursions.

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LCR Further Strengthens its Real Estate and Finance Expertise with the Appointment of Louis Frost as Senior Advisor

prnewswire | October 07, 2020

LCR Capital Partners is excited to announce that Louis Frost has agreed to join LCR as a Senior Advisor focused on real estate developers, real estate transactions, and related elements of LCR's business. Lou brings a wealth of real estate and finance experience to LCR having closed over $30 billion in real estate and finance transactions over almost twenty years. Prior to joining LCR, Lou served as KPMG's National Real Estate Advisory Leader, a Senior Vice President with Macquarie Capital's Real Estate Private Equity Team, a Vice President with Goldman Sachs' Real Estate Investment Banking Team, and as an investment banking associate at Deutsche Bank.

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WNC Closes $153 Million Institutional Tax Credit Fund to Build and Rehabilitate More than 1,600 Affordable Housing Units

prnewswire | August 27, 2020

WNC, a leading provider of investment, asset management and development services in the affordable housing industry, announced today it has closed WNC Institutional Tax Credit Fund 49 LP (WNC Fund 49). The fund raised $153 million in institutional low-income housing tax credit (LIHTC) equity that will be used to develop and renovate more than 1,600 affordable housing units in 13 states.A total of nine investors participated in WNC Fund 49, which will develop and renovate units for families and seniors at 21 properties in Alaska, Arkansas, California, Louisiana, Massachusetts, Michigan, Maine, North Dakota, Nevada, Texas, Washington, Wisconsin and Wyoming.

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Spotlight

In the fast-paced environment of today’s real estate industry, expanding the diversity of ideas is especially important and is driving the greater innovation necessary to navigate disruption and capitalize on change. Men still outnumber women by large numbers in nearly all subsectors of real estate, a traditionally male-dominated space. But, by and large, today’s real estate leaders see the benefits of developing and empowering women at all levels.