Thursday, November 11, 2010

The Great Wolf Lodge Is Struggling

The Wall Street Journal reports that if Great Wolf Resorts cannot modify the current loans for properties in Traverse City and Kansas City then it is considering walking away and letting the lender take over ownership.

For more details see: Wolf at Resorts' Doors

So in addition to abandoned elementary schools, one mall on its last gasps, and some noticeable vacancies downtown (like the hole next to the Record-Eagle), there could be another significant closing if that is what happens to Great Wolf Lodge. Yikes.