This thread is simple! Rather than having a million little threads about everything that goes on at Great Wolf Lodge's many properties, this thread is designed to consolidate it all into one user-friendly thread. Feel free to use it to post updates, trip reports, questions, comments, and of course, general discussion. For pictures and videos of the company's properties as well as past updates, see TPR's Park Index.
Great Wolf Resorts Inc. of Madison, Wis., will sell a majority stake in its Great Wolf Lodge indoor waterpark and entertainment complex in Sandusky and a similar property in Wisconsin Dells, Wis.
The company announced that it will form a joint venture with CNL Income Properties Inc., an Orlando, Fla.-based real estate investment trust focused on leisure and lifestyle properties. CNL will acquire a 70% stake in the two properties, while Great Wolf retains 30%.
The $114.5 million deal is expected to close later this year, according to a statement from Great Wolf Resorts. Great Wolf will continue to operate the properties and will license the Great Wolf Lodge brand to the joint venture under 25-year agreements.
John Emery, CEO of Great Wolf Resorts, said in a statement that his company is expected to receive $98.6 million in the deal. It will “recycle (the) investment capital for future growth, enhance the Great Wolf Lodge brand value with extended management and licensing contracts, and partner with a significant, long-term investor in lifestyle real estate.”
The Great Wolf Lodge in Sandusky has 271 suites and a 42,000-square-foot indoor entertainment area that features a water park, two 150-seat casual dining restaurants, 6,000 square feet of meeting space, a fitness center, arcade and gift shop. The Great Wolf Lodge in Wisconsin Dells has 309 suites and a 64,000-square-foot indoor entertainment area.
Great Wolf Resorts, which was formed in 2004 and went public last December. Since its shares hit a 52-week high of $25.88 last March, the company’s stock has sagged markedly. At 1:15 p.m. today, shares were trading for $9.53.
According to Great Wolf Resorts’ most recent quarterly report to the Securities and Exchange Commission, the company had $155 million in long-term debt as of June 30. The company reported second-quarter losses of $2.5 million, or 8 cents per share. It had revenues of $26 million during the second quarter, which ended June 30.
It's kind of a shame they aren't doing better because they look like such NICE resorts!
Great Wolf isnt really anything special i mean the one in the Dells has a tornado funnel thing but thats it. I mean the Kalahari is SO much better because it is more of a family place, there is something for everyone. The Great Wolf lodge used to be good but then everyone stopped going there because the Wilderness and the Kalahari were so much better. I mean the Great Wolf had no point of going every year because there wasnt much there and it never expanded (exception to the tonado funnel in 2004). Besides that it hasnt added anything new for about 11 years.
I think the competition in the Dells is very tough. You have major competitors in the Kalahari/Wilderness and even others like the Polyensian/Chula Vista and in summer the hotel connenected to Mt Olympus as well as alot of smaller ones that offer good deals for the money. I think they under-estimated how tough ot would be in this marketplace.
MASON, Ohio -- Illnesses reported by guests at an indoor water park may have been caused by chlorine getting into the air after water splashed out of pools and water slides, a county health official said.
Investigators have not conclusively determined why dozens of adults and children who visited the Great Wolf Lodge in southwest Ohio suffered rashes, coughing and other minor respiratory or flu-like symptoms.
The Warren County and state health departments said the agencies have received about five complaints from groups or families since the beginning of the year. The park, which also includes a hotel, opened in December.
Dan Collins, director of environmental health for Warren County, said some of the large amounts of chlorine used by the water park could wind up in the air.
"It's a heated building in an enclosed atmosphere and because of the pools being basically amusement rides, there's a lot of water splashing," he said. "The water is coming out of the pool faster than it would in a still pool, so you end up with all these chlorine compounds in the air."
Among the people who have become ill, one child was taken to an emergency room, and some have received medical treatment on the scene from paramedics or from family doctors after leaving, Collins said.
About 2,000 to 3,000 people are in the park's pools each weekend, he said. No employees have reported feeling ill, he said.
In a statement Wednesday, water park officials said health department tests of their pool water showed nothing unusual and the park would take "all necessary steps" to comply with county and state regulations.
Park managers informed the county health department that the company that installed the park's ventilation system was asked to inspect it, Collins said.
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