PKI in the news

[FOF/Z 4-ever]

This morning on Channel 12, it was made public that KI is getting a hotel/resort with an indoor water park. Will not be open until late 2006.

[FOF/Z 4-ever]

Here is what was said

"MASON, Ohio (AP) - Plans for a 100 (m) million-dollar family resort and entertainment complex have been announced by Paramount's Kings Island and Great Wolf Resorts.

The Great Wolf Lodge resort will be on land located on the north side of the amusement park near Cincinnati. The 39 acres now are used as camp ground.

Great Wolf C-E-O John Emory says the complex will include a four-story, 404-suite resort, a 75-thousand-square-foot indoor water park, a conference center, family restaurants, large arcade, gift shop, spa, fitness center and outdoor recreation area.

He expects it to open by late 2006.

Kings Island's marketing communications manager, Jeff Siebert, says shuttles and trams will transport vacationers from the lodge to the park. "

www.wkrc.com

[flightoffear1996]

Did they have any concept art?

[FOF/Z 4-ever]

here is what i found on pki Click here

[Gulliversrubadub]

I have been to one of Great Wolf lodges and they are great. Very nice and really not that expensive. Should be a great addition to the hotels around PKI.

[Jasper]

AWESOME!!!! 2 for 1

[Gordon Bombay]

I wonder what the indoor water park will be called, will it be Paramount themed?

[Jasper]

I was wonderin the same thing Combat.

[DragonLord]

Great Wolf Lodge was announced last year. It will not be managed by PKI, and it will probably have nothing to do with Paramount themeing. It's also supposed to be an expensive place to stay, not for an ordinary guest or family. It's aimed toward big meetings, conferences, and business people with families who have to come into this area. At least that is what I understood of it from last years information. Things can change...

[LongLiveTheSmurfRide]

Well, apprently things changed because the news on PKI.com says that it's a joint-venture and that Paramount and Great Wolf are working together. I'm sure it won't have Paramount theming, though I'm not sure what that would be anyway, but it will have pki transportation and discounts.

[LongLiveTheSmurfRide]

I thought this was a pretty funny and long-winded way to cover one's...um...assets... at the end of the article:

This press release may contain forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical facts, including, among others, statements regarding Great Wolf Resorts' future financial position, business strategy, projected levels of growth, projected costs and projected financing needs, are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of Great Wolf Resorts, Inc. and members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as “may,†“will,†“seeks,†“anticipates,†“believes,†“estimates,†“expects,†“plans,†“intends,†“should†or similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the company's ability to control or predict. Such factors include, but are not limited to, the company's ability to develop new resorts or further develop existing resorts on a timely or cost efficient basis, competition in its markets, the company's ability to manage growth, potential accidents or injuries at its resorts, its ability to achieve or sustain profitability, changes in family vacation patterns and consumer spending habits, downturns in its industry segment and extreme weather conditions, the company's ability to attract a significant number of guests from its target markets, increases in operating costs and other expense items and costs, uninsured losses or losses in excess of the company's insurance coverage, and the company's ability to protect its intellectual property and the value of its brands.

Management believes these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to Great Wolf Resorts or persons acting on its behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.

[jzarley]

This "forward looking" statment (or one that carries similar language) is required for all public companies by the Sarbanes-Oxley act. When you listen to conference calls, this statment is actually read at the beginning of each call...

Being a new public company (they had their IPO in December), I imagine that Great Wolf is doing everything by the book, and then some!

Joel

[Jasper]

With PKI's Popularity growing they need a lodge.

[Tuskin]

I agree and im glad there not giving up to much land ... I believe they should keep the land they have for more rides and parking area. I want it to be bigger!!!!!!!!!!

[Gordon Bombay]

Great Wolf Lodge was announced last year. It will not be managed by PKI, and it will probably have nothing to do with Paramount themeing. It's also supposed to be an expensive place to stay, not for an ordinary guest or family. It's aimed toward big meetings, conferences, and business people with families who have to come into this area. At least that is what I understood of it from last years information. Things can change...

That cant be right because it misses the whole target audience of PKI........families. PKI wants families to come in, it is a family park. They wouldnt make a hotel geared towards upper class people and their families.....it wouldnt be good profit........it will most likely be decently affordable for middle class families.

[HabloRM]

I can't wait to see what comes of it.