In next generation wireless mobile networks, network virtualization will become an important key technology. In this paper, we firstly propose a resource allocation scheme for enabling efficient resource allocation in wireless network virtualization. Then, we formulate the resource allocation strategy as an optimization problem, considering not only the revenue earned by serving end users of virtual networks, but also the cost of leasing infrastructure from infrastructure providers. In addition, we develop an efficient alternating direction method of multipliers (ADMM)-based distributed virtual resource allocation algorithm in virtualized wireless networks. Simulation results are presented to show the effectiveness of the proposed scheme.Index Terms-Wireless network virtualization, virtual resource allocation, distributed algorithm, alternating direction method of multipliers 978-1-4673-7131-5/15/$31.00