Great Wolf Resorts Re-extends Maturity Date on Mortgage Loan
JANUARY 12, 2009 - Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America's leading family of indoor waterpark resorts, today announced that it has negotiated an additional extension of the maturity date to January 23, 2009 on the company's $76.8 million non-recourse mortgage loan on its Mason, Ohio resort property. During the extension period, the company will continue discussions with the lender to finalize a longer-term extension of the loan's maturity date. Also, during the extension period and retroactive to December 1, 2008, the loan will bear interest at a rate of LIBOR plus 425 basis points, with a minimum rate of 6.50 percent per annum.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
