Posted Thursday, May 5, 2005 8:59 AM | Contributed by supermandl
Great Wolf Resorts and Paramount Parks announced the formation of a joint venture to develop a 39-acre, $100+ million Great Wolf Lodge resort at Paramount's Kings Island. Great Wolf Resorts will operate the resort under its Great Wolf Lodge brand and will maintain the majority equity position in the project. Paramount's Kings Island, a unit of Viacom Inc., will have a minority equity interest in the development by contributing the land needed for the resort.
Read the press release from Business Wire.
So, just like Castaway Cay opening in November in Sandusky, look for a fall 2006 opening here.
In the conference call they asked Great Wolf if it was in negotiations with other Paramount properties -- tt was Paramount that approached Great Wolf, by the way -- and Great Wolf said that they would definitely be interested but they have nothing official to announce anytime soon.
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