Great Wolf Resorts Reports 2009 Fourth Quarter Results
Total revenue increased 15.1% to $56.3 million, over fourth quarter of 2008 - Same store RevPAR for Generation II resorts increased 0.4 percent and substantially outperformed hotel industry average
Great Wolf Resorts, Inc. (NASDAQ: WOLF) reported results today for the fourth quarter ended December 31, 2009.
'In 2009 Great Wolf Resorts delivered outstanding results as our peak weekend business has remained consistently strong' 2009 Fourth Quarter Highlights
* Total revenue increased 15.1% to $56.3 million, over fourth quarter of 2008.
* Same store RevPAR for Generation II resorts increased 0.4 percent and substantially outperformed hotel industry average.
* Adjusted EBITDA was $8.8 million.
For the fourth quarter ended December 31, 2009, the Company reported a net loss of $(11.7) million, or $(0.38) per share, compared to a net loss $(36.5) million, or $(1.18) per diluted share for the same period a year earlier. The 2008 results include the impact of pre-tax impairment charges of $17.4 million for goodwill and $18.8 million for the Company
