Hotel Job Resource - Great Wolf Resorts Hotel News

Great Wolf Resorts, Inc. (NASDAQ: WOLF) announced Sunday that its Board of Directors, has received a committed offer from KSL Capital Partners to acquire Great Wolf for $7.00 per share in cash, subject to the terms and conditions of the merger agreement provided with the offer.

Great Wolf Resorts, Inc. (NASDAQ: WOLF) yesterday announced that it has received an unsolicited letter from KSL Capital Partners proposing to acquire Great Wolf for $7.00 per share in cash, subject to certain conditions, including due diligence and certain conditions related to debt waivers.

Great Wolf Resorts, Inc. (NASDAQ: WOLF) today announced that it has received an unsolicited letter from KSL Capital Partners proposing to acquire Great Wolf for $6.25 per share in cash, subject to certain conditions, including due diligence and certain conditions related to debt waivers.

PWK PARTNERS ATLAS FUNDS, LLC, a significant shareholder of Great Wolf Resorts, Inc. (Nasdaq: WOLF), announced today that it delivered a letter to the Board of Directors of the Company reiterating its serious concerns with the proposed acquisition by Apollo Global Management LLC of all the issued and outstanding shares of the Company at a price of $5.00 per share in cash.

An affiliate of Apollo Global Management, LLC (NYSE: APO) and Great Wolf Resorts, Inc. (NASDAQ: WOLF)announced that they have entered into a definitive merger agreement whereby Apollo, a leading global asset manager, will acquire Great Wolf, North America’s largest family of indoor waterpark resorts, for approximately $703 million, including the assumption of the Company’s outstanding debt.

For the fourth quarter of 2011, the Company expects to report Adjusted EBITDA that will exceed $12.5 million, which was the top end of the Company’s previously-announced earnings guidance, with fourth quarter same store revenue per available room (RevPAR) growth of approximately 8.5 percent.

For the third quarter ended September 30, 2011, the Company reported net income of $1.5 million, or $0.05 per share, compared to a net loss of $(1.0) million, or $(0.03) per share, for the same period a year earlier. The year over year improvement was due primarily to higher overall revenues, along with ongoing expense discipline.

Same store revenue per available room (RevPAR) increased 5.2 percent over the prior year

Great Wolf Resorts Subsidiary Taps Technology Executive to Lead Strategy, Development

Adjusted EBITDA Increased 3.5%