{"id":727881,"date":"2023-02-01T16:38:18","date_gmt":"2023-02-01T21:38:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-inc-provides-construction-financing-to-great-wolf-lodge-in-the-northeast\/"},"modified":"2023-02-01T16:38:18","modified_gmt":"2023-02-01T21:38:18","slug":"vici-properties-inc-provides-construction-financing-to-great-wolf-lodge-in-the-northeast","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-inc-provides-construction-financing-to-great-wolf-lodge-in-the-northeast\/","title":{"rendered":"VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><strong>VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast<\/strong><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nVICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d), an experiential real estate investment trust, announced today that the Company has agreed to provide a construction loan for up to $287.9 million to Great Wolf Resorts, Inc. (\u201cGreat Wolf\u201d) related to the development of Great Wolf Lodge in Mashantucket, Connecticut, a family resort project adjacent to the Foxwoods Resort Casino. The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025.\n<\/p>\n<p>\nThis transaction represents VICI Properties\u2019 fourth loan investment with Great Wolf for a total capital commitment of $553.4 million as part of the Company\u2019s previously announced strategic arrangement to provide financing to support the funding of the development of Great Wolf\u2019s pipeline.\n<\/p>\n<p><b>About VICI Properties<\/b><\/p>\n<p>\nVICI Properties Inc. is an S&amp;P 500\u00ae experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip. VICI Properties\u2019 geographically diverse portfolio consists of 49 gaming facilities across the United States and Canada comprising approximately 124 million square feet and features approximately 59,300 hotel rooms and more than 450 restaurants, bars, nightclubs and sportsbooks. Its properties are leased to industry leading gaming and hospitality operators, including Caesars Entertainment, Inc., Century Casinos, Inc., the Eastern Band of Cherokee Indians, Foundation Gaming &amp; Entertainment, LLC, Hard Rock International Inc., JACK Entertainment LLC, MGM Resorts International, Penn Entertainment, Inc., PURE Canadian Gaming Corp., and The Venetian Las Vegas. VICI Properties has a growing array of investing and financing partnerships with leading non-gaming experiential operators, including Great Wolf Resorts, Cabot, Canyon Ranch and Chelsea Piers. VICI Properties also owns four championship golf courses and 34 acres of undeveloped and underdeveloped land adjacent to the Las Vegas Strip. VICI Properties\u2019 strategy is to create the highest quality and most productive experiential real estate portfolio. For additional information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.viciproperties.com&amp;esheet=53294348&amp;newsitemid=20230201005073&amp;lan=en-US&amp;anchor=www.viciproperties.com&amp;index=1&amp;md5=8f67427348e5e0c4cb636c890337b28b\">www.viciproperties.com<\/a>.\n<\/p>\n<p><b>About Great Wolf Resorts, Inc.<\/b><\/p>\n<p>\nGreat Wolf Resorts, Inc. is North America\u2019s largest family of indoor waterpark resorts, and through its subsidiaries and affiliates, owns, operates and develops family resorts under the Great Wolf Lodge brand. Great Wolf lodges provide an immersive entertainment experience suitable for the entire family in all seasons and all weather with interactive water experiences and vibrant family entertainment. All lodges are strategically located within a four-hour drive of major metropolitan markets with attractive demographic profiles.\n<\/p>\n<p>\nGreat Wolf Resorts opened its first location in 1997 in Wisconsin Dells, Wisconsin and is a fully integrated resort company with locations in: Wisconsin Dells, Wis.; Sandusky, Ohio; Traverse City, Mich.; Kansas City, Kan.; Williamsburg, Va.; Pocono Mountains, Pa.; Niagara Falls, Ontario, Canada; Mason, Ohio; Grapevine, Texas; Grand Mound, Wash.; Fitchburg, Mass.; Charlotte, N.C.; Garden Grove, Calif.; Colorado Springs, Colo.; Bloomington, Minn.; LaGrange, Ga.; Gurnee, Ill.; Scottsdale, Ariz.; and Manteca, Calif. Its 20<sup>th<\/sup>, 21<sup>st<\/sup>, and 22<sup>nd<\/sup> resorts are currently under construction in Perryville, Maryland, Collier County, Florida and Webster, Texas.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words \u201cassumes,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cguidance,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cprojects,\u201d \u201cwill,\u201d and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond VICI\u2019s control and could materially affect actual results, performance, or achievements. Important risk factors that may affect VICI\u2019s business, results of operations and financial position (including those stemming from changes in economic conditions and risks relating to VICI\u2019s pending and recently completed transactions) are detailed from time to time in VICI\u2019s filings with the Securities and Exchange Commission. VICI does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230201005073r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230201005073\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230201005073\/en\/<\/a><\/span><\/p>\n<p><b>Investors:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:Investors@viciproperties.com\">Investors@viciproperties.com<br \/>\n<\/a><br \/>(646) 949-4631<br \/>\n<br \/>Or<br \/>\n<br \/>David Kieske<br \/>\n<br \/>EVP, Chief Financial Officer<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:DKieske@viciproperties.com\">DKieske@viciproperties.com<\/a><\/p>\n<p>\nDanny Valoy<br \/>\n<br \/>Vice President, Acquisitions &amp; Finance<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:DValoy@viciproperties.com\">DValoy@viciproperties.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York Connecticut<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Casino\/Gaming Tourist Attractions Other Travel Entertainment Lodging Destinations Travel Other Construction &amp; Property Commercial Building &amp; Real Estate General Entertainment Construction &amp; Property Vacation Urban Planning REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast NEW YORK&#8211;(BUSINESS WIRE)&#8211; VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d), an experiential real estate investment trust, announced today that the Company has agreed to provide a construction loan for up to $287.9 million to Great Wolf Resorts, Inc. (\u201cGreat Wolf\u201d) related to the development of Great Wolf Lodge in Mashantucket, Connecticut, a family resort project adjacent to the Foxwoods Resort Casino. The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025. This transaction represents VICI Properties\u2019 fourth loan investment with Great Wolf for a total capital commitment of $553.4 million as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-inc-provides-construction-financing-to-great-wolf-lodge-in-the-northeast\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-727881","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/vici-properties-inc-provides-construction-financing-to-great-wolf-lodge-in-the-northeast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VICI Properties Inc. Provides Construction Financing to Great Wolf Lodge in the Northeast NEW YORK&#8211;(BUSINESS WIRE)&#8211; VICI Properties Inc. (NYSE: VICI) (\u201cVICI Properties\u201d or the \u201cCompany\u201d), an experiential real estate investment trust, announced today that the Company has agreed to provide a construction loan for up to $287.9 million to Great Wolf Resorts, Inc. (\u201cGreat Wolf\u201d) related to the development of Great Wolf Lodge in Mashantucket, Connecticut, a family resort project adjacent to the Foxwoods Resort Casino. The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025. This transaction represents VICI Properties\u2019 fourth loan investment with Great Wolf for a total capital commitment of $553.4 million as &hellip; Continue reading &quot;VICI Properties Inc. 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