Great Wolf Resorts, Inc.
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Great Wolf Resorts, Inc. - overview
Established
1997
Location
Chicago, IL, US
Primary Industry
Travel & Leisure
About
Great Wolf Resorts, Inc. operates a chain of indoor water park resorts in the US, providing family-oriented entertainment and accommodations year-round. Founded in 1997 in Chicago, US, Great Wolf Resorts, Inc. specializes in family-friendly indoor water park resorts.
In October 2019, Blackstone Group acquired a 65 percent controlling stake in the company. Since its inception, Great Wolf has undergone strategic initiatives to enhance its offerings and guest experiences. The company has engaged in three investment rounds, with a notable Secondary Buyout in 2019 that raised USD 1. 35 bn, the total amount raised to date.
The latest funding round included investment from Centerbridge Partners. Great Wolf Lodge operates a network of indoor water park resorts serving families seeking recreational activities year-round. Their core offerings include expansive indoor water parks maintained at a consistent temperature of 84 degrees Fahrenheit, featuring a variety of water slides, pools, and attractions for all ages. Beyond water-based activities, the resorts offer themed accommodations, diverse dining options, and complimentary daily activities such as Story Time and Arts & Crafts, enhancing the overall guest experience.
The lodges are strategically located across North America, ensuring easy access for customers in various metropolitan areas, targeting families with children while also appealing to adults with additional amenities for relaxation and enjoyment. In the most recent year of reporting, Great Wolf Lodge generated revenue of USD 207. 19 mn and achieved an EBITDA of USD 42. 14 mn.
Revenue primarily comes from direct-to-consumer transactions, including overnight accommodations in themed suites and day pass sales for non-registered guests, alongside ancillary services like dining and retail offerings that enhance the guest experience. Great Wolf Resorts is focused on expanding its footprint by entering new markets across North America. The company is in the process of designing new water park attractions and themed accommodations to diversify its offerings. The funds raised in the October 2019 Secondary Buyout are expected to support these expansion initiatives and the development of new features aimed at enhancing guest experiences.
The recent acquisition by Blackstone Group positions Great Wolf to leverage additional resources for strategic growth and innovation.
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism, Recreational & Entertainment Facilities
Website
www.greatwolf.com
Verticals
Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Great Wolf Resorts, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Great Wolf Resorts, Inc. | - | ||||||||
| N/A | Completed | Great Wolf Lodge | - | ||||||||
| Secondary Buyout | Completed | Great Wolf Resorts, Inc. | - | ||||||||
| Public to Private | Completed | Great Wolf Resorts, Inc. | - |
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