Great Wolf posts 4th quarter loss

Posted Friday, February 24, 2006 9:07 AM | Contributed by Jeff

Great Wolf Lodge posted a net loss of $38 million for its fourth quarter, but adjusted net income only shows an estimated $2 million loss, according to the company's treasurer. The adjusted numbers are the result of a $43 million write-off of goodwill in connection with the sale of 70 percent interests of the company's Wisconsin Dells and Sandusky Great Wolf Lodge resorts to the CNL Income properties joint venture. The company says the Ohio and Michigan properties are performing below historic levels.

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