Great Wolf Resorts Announces Receipt of Requisite Consents in its Consent Solicitation Relating to the 10.875% First Mortgage Notes due 2017

Great Wolf Resorts, Inc.

and an affiliate of Apollo Global Management, LLC

(“Apollo”) announced today that, pursuant to Great Wolf's previously announced solicitation of consents (the “Consent Solicitation”) by its wholly-owned subsidiaries GWR Operating Partnership, L.L.L.P. and Great Wolf Finance Corp. (together, the “Issuers”), to holders of the outstanding 10.875% First Mortgage Notes due 2017 (the “Notes”), the Issuers have received the requisite consents from holders of at least a majority of the aggregate principal amount of all outstanding Notes to waive the obligation to make a “Change of Control Offer” under the indenture relating to the Notes (the “Indenture”) with respect to, among other things, the previously announced transactions contemplated by the merger agreement dated as of March 12, 2012 and the amendments thereto. The Consent Solicitation expired at 5:00 p.m., New York City time, on Friday, April 27, 2012