VICI Properties Inc. has announced that it has received $250 million in a round of funding on May 9, 2024. The transaction included participation from new investor Great Wolf Resorts Inc.. The company has provided mezzanine loan in the transaction.

The Mezzanine Loan will have an annual fixed rate and an initial term of two years with three 12-month extension. The Great Wolf Loan origination, Great Wolf repaid VICI?s $79.5 million mezzanine loan for Great Wolf Lodge Maryland. The remaining $170.5 million capital commitment was funded with cash.