Hotel Online  Special Report

 Great Wolf Resorts Joint Ventures with The Chehalis Indians
to Build $80 million Indoor Waterpark Resort Mid-way
between Portland and Seattle 
MADISON, Wis. & CHEHALIS RESERVATION, Wash. - June 29, 2005 -- Great Wolf Resorts, Inc. (NASDAQ: WOLF), the nation's largest owner, operator and developer of drive-to family resorts featuring indoor waterparks and other family-oriented entertainment activities, and The Confederated Tribes of the Chehalis Reservation today announced the formation of a joint venture to develop a 39-acre, $80-plus million Great Wolf Lodge resort and conference center in Grand Mound, Washington, I-5 Exit 88. Great Wolf Resorts will operate the resort under its Great Wolf Lodge brand, The Confederated Tribes of the Chehalis Reservation will contribute the land needed for the resort, and both parties will maintain equity positions in the joint venture.

"This joint venture between The Confederated Tribes of the Chehalis Reservation and Great Wolf Resorts is another clear example of our strategy to join with exceptional business partners to extend the reach of our brand geographically and enhance our national expansion plans," said John Emery, Great Wolf Resorts' CEO. "The location is mid-way between Portland and Seattle and has excellent visibility from Interstate 5. The site is ideal for the first-class, northwoods-themed indoor waterpark and conference facility we plan to build. This will be the first family vacation destination resort featuring an indoor waterpark in the Pacific Northwest."

Inspired by the spirit and adventure of a wilderness vacation, the four-story, 317-suite resort will provide a comprehensive package of first-class destination lodging amenities and activities. Planned amenities include a 65,000 square-foot indoor entertainment area, 30,000 square-foot conference center, family restaurants, an enormous arcade, gift shop, confectionery, Aveda(R) Spa, fitness center, outdoor recreation area and more. Following the Tribe's transfer of the land to trust, construction on the 380,000 square-foot building is scheduled to begin this fall with opening slated for late 2006.

"The new resort will be located within 180 miles of nearly 8 million people," said David Burnett, Chairman of the Business Committee for The Confederated Tribes of the Chehalis Reservation. "The Great Wolf Lodge with its conference center will be an outstanding addition to our community, welcoming both vacationers and business travelers. We are very excited to be a partner in this extraordinary project, as the Tribe continues to diversify our economic base, and provide many jobs for our neighbors."

About The Confederated Tribes of the Chehalis Reservation
The Confederated Tribes of the Chehalis Reservation are located 25 miles Southwest of Olympia in Oakville along the Chehalis River. The Tribe and its 700 tribal members have a long history of managing programs on the reservation including Health facilities, Public Safety, Child and Family Services and Natural Resources. In recent years the Tribe has had the opportunity to implement a plan for economic development that benefits the entire South Sound region. Chehalis Tribe owns and operates 2 construction companies, 2 convenience stores (one includes a gas station) and the Lucky Eagle Casino. The Tribe is opening the Eagle's Landing Hotel, a 69 room hotel with meeting space, pool, spa and covered walkway to the casino. The Great Wolf Lodge is part of the strategic plan for the Tribe in diversifying the economic base in the area.

About Great Wolf Resorts
Great Wolf Resorts is the leader in indoor waterpark destination resorts and owns and operates its family resorts under the Great Wolf Lodge and Blue Harbor Resort brands. Great Wolf Resorts is a fully integrated resort company and owns and/or manages Great Wolf Lodge locations in: Wisconsin Dells, Wis.; Sandusky, Ohio; Traverse City, Mich.; Kansas City, Kan; Williamsburg, Va.; the Pocono Mountains, Pa. (scheduled to open in Fall 2005) Niagara Falls, Ontario (scheduled to open in 2006); and Mason, Ohio (scheduled to open in late 2006); and Blue Harbor Resort & Conference Center in Sheboygan, Wis.

This press release may contain forward-looking statements within the meaning of the federal securities laws. 


Great Wolf Resorts

Also See: The Chehalis Tribe Building 70 room Hotel on the Grounds of the Lucky Eagle Casino, Rochester, Washington / August 2004
John Emery Named Chief Executive Officer of The Great Lakes Companies; Owner, Operator of Destination Resorts Under the Great Wolf Lodge Brand Name / December 2003

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