U.S. parent company of Great Wolf Lodge sold

    2 Comments

    From Niagara This Week:

    The U.S. parent of Great Wolf Lodge has been sold to an asset management company.

    An affiliate of Apollo Global Management, LLC and Great Wolf Resorts, Inc. announced a merger deal in which Apollo will acquire Great Wolf, which owns 11 outdoors-themed hotel-waterparks across North America, including one in Niagara Falls, for approximately $703 million, including the assumption of the company’s outstanding debt.

    Apollo will make an offer to purchase all outstanding shares of Great Wolf common stock for $5 per share, which represents a premium of 72.9 per cent over the six-month average of Great Wolf’s share price ending on March 12, a premium of 50.4 per cent over the ninety-day average of Great Wolf’s share price ending on March 12, 2012, and a 19.3 per cent premium over Great Wolf’s closing stock price on March 12, 2012.

    It is not known how the transaction will affect the Niagara Falls operation, which is owned and operated by Ripley’s Entertainment. The falls location opened in April 2006.

    2 Responses to “U.S. parent company of Great Wolf Lodge sold”

    1. I saw this article in several places, and what a shaudy piece of ‘journalism’ it is. The headline, and most of the story, tells you that the GWL in Niagara Falls is involved (false) and then says at the bottom that it is unknown how this will affect the GWL in Niagara Falls as it is wholly owned and operated by Ripley’s Entertainment (false again – it is owned by the Pattison Group which also owns Ripleys)(but true in that it is a franchise not controlled at all by Great Wolf Resorts.)

      The Review had a more accurate article on this: http://www.niagarafallsreview.ca/2012/03/14/great-wolf-resorts-in-us-acquired-by-apollo-global-management

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