Great Wolf Resorts

Great Wolf Resorts (formerly known as Great Wolf Lodge) is a chain of indoor water parks. The company owns and operates its family resorts under the Great Wolf Lodge brand.[2] In addition to a water park, each resort features restaurants, arcades, spas, and children's activities.[3] Great Wolf Resorts is headquartered in Chicago, Illinois.[4][5]

Great Wolf Resorts
TypePrivate
IndustryHospitality
PredecessorGreat Bear Lodge (Sandusky, OH), Black Wolf Lodge (Wisconsin Dells, WI)
FoundedWisconsin Dells, Wisconsin, United States (May 1997 (1997-05))
FounderJack and Andrew Waterman
Headquarters,
United States
Number of locations
20 (with four under construction and seven under consideration)
Area served
United States, Canada, and United Kingdom
Key people
Murray Hennessy (CEO)
ServicesFamily Waterpark Resorts
Number of employees
6,000[1]
ParentApollo Global Management, Centerbridge Partners and Blackstone Group
Websitewww.greatwolf.com

History

Great Wolf Lodge began as a small indoor water park resort called Black Wolf Lodge which was founded in 1997 by brothers Jack and Andrew "Turk" Waterman, the original owners of Noah's Ark Water Park in Wisconsin Dells, Wisconsin.[6] Black Wolf Lodge was purchased by The Great Lakes Companies Inc in 1999. In 2000, president and founder, Craig A. Stark, and the team changed the name to Great Wolf Lodge and the company headquarters were established in Madison, Wisconsin.[3][7] In 2001, the company built a second location in Sandusky, Ohio, and named it Great Bear Lodge. When a third location opened in 2003, the decision was made to place all future parks under the Great Wolf Lodge banner. The name of the Ohio location was changed to Great Wolf Lodge in 2004. The chain has since added sixteen additional locations and has one under construction.[8][9]

On May 1, 2012, Great Wolf Resorts announced it was adding a new amenity or attraction to each of the resorts in time for the summer season. In addition, the company spent more than $4 million renovating the company's first two locations – Wisconsin Dells and Sandusky.[10]

In April 2017, Great Wolf Resorts relocated its corporate headquarters to Chicago, Illinois.[11]

In June 2023, Great Wolf Resorts opened its twentieth and largest resort in Perryville, Maryland.

Apollo acquisition

On March 13, 2012, Apollo Global Management announced an agreement to acquire the company for $703 million.[12] Following the announcement, an investor group filed a complaint in Delaware Chancery Court stating that the deal, in which Apollo would pay $5 a share, undervalued the company. On April 12, 2012, KSL Capital Partners made an unsolicited offer of $6.25 a share, and Apollo followed suit raising its bid to $6.75 a share.[13] KSL then raised its cash offer to $7 a share on April 8, 2012, beginning a rare public bidding war.[14] After Apollo upped its offer again to $7.85 a share on April 20, 2012, KSL Capital Partners later announced it would not be making additional offers.[15] The company's shares traded as low as $2.18 in October 2011, but climbed above $5 following the announcement in March 2012 and reached a 52-week high of $7.50 during trading in April 2012.[16][17]

Centerbridge acquisition

On March 24, 2015, Centerbridge Partners reached an agreement with Apollo to acquire the Great Wolf chain for $1.35 billion.[18] The acquisition was finalized on May 12, 2015.[19]

Blackstone and Centerbridge joint venture

In September 2019, Blackstone Group made a deal to purchase 65% controlling interest in Great Wolf Resorts from Centerbridge Partners. The two firms agreed to form a $2.9 billion joint venture to own the company.[20]

Properties

Great Wolf Lodge location in Mason, Ohio, next to Kings Island
Interior of the waterpark at the Great Wolf Lodge in Grand Mound, Washington

Great Wolf Lodge locations:[21]

Location Year Opened
Wisconsin Dells, Wisconsin 1997
Sandusky, Ohio 2001
Traverse City, Michigan 2003
Kansas City, Kansas 2003
Williamsburg, Virginia 2005
Pocono Mountains, Pennsylvania 2005
Niagara Falls, Ontario 2006
Mason, Ohio 2006
Grapevine, Texas 2007
Grand Mound, Washington 2008
Concord, North Carolina 2009
Fitchburg, Massachusetts 2014
Garden Grove, California 2016
Colorado Springs, Colorado 2016
Bloomington, Minnesota 2017
LaGrange, Georgia 2018
Gurnee, Illinois 2018
Salt River, Arizona 2019
Manteca, California 2021
Perryville, Maryland 2023

Previous locations:

Locations under construction:

Locations under consideration:

Other brands

Great Wolf Lodge also owns MagiQuest.[42]

In other media

Great Wolf's previous CEO Kim Schaefer was featured in the U.S. version of TV's Undercover Boss, which included visits to several lodges where she worked alongside a lifeguard supervisor, front desk clerk, and restaurant waitstaff as well as participated in the children's program.[43][44]

Great Wolf Entertainment and 6 Point Harness produced a flash animated film, called The Great Wolf Pack: A Call to Adventure, which premiered at Great Wolf Resorts on Labor Day, September 5, 2022. The film, directed by former Disney animator Chris Bailey (Runaway Brain), follows the adventure of five newly-redesigned versions of mascot characters Wiley Wolf, Violet Wolf, Oliver Raccoon, Brinley Bear and Sammy Squirrel.[45][46][47][48][49]

References

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