Great Wolf Resorts, Inc. Announces Concord, NC as Site of Next Great Wolf Lodge
Concord
September 21, 2007

For Immediate Release

Investor Contact:
Alex Lombardo
Great Wolf Resorts, Inc.
703.573.9317

Media Contact:
Jennifer Beranek, Public Relations Manager
Great Wolf Resorts, Inc.
608.661.4754

GREAT WOLF RESORTS, INC. ANNOUNCES CONCORD, N.C. AS SITE OF NEXT GREAT WOLF LODGE
Family Indoor Waterpark Resort to Break Ground Later this Year in Metropolitan Charlotte Region

(Madison, Wis. – September 21, 2007) – Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America’s leading family of indoor waterpark resorts, today announced it will officially break ground on its eleventh Great Wolf Lodge® resort in Concord, N.C. later this year. The company has purchased the site for its 402-suite, four-story, northwoods-themed resort. The City of Concord, Cabarrus County, Cabarrus County Economic Development and the Cabarrus Convention & Visitors Bureau were instrumental in bringing the Great Wolf Lodge family indoor waterpark resort to the area.

Once complete, Great Wolf Lodge will be a first-class, full-service, family destination resort. Serving as North Carolina’s Year-Round Family Resort ™, Great Wolf Lodge will provide a comprehensive package of family entertainment and lodging amenities including: 402 all-suite guest rooms; a 98,000 square-foot indoor entertainment area which will feature North Carolina’s largest indoor waterpark; 16,000 square feet of meeting space; multiple food outlets including a bar and grille and a gourmet buffet and food court; a confectionery café; a Starbucks Coffee® shop; a Pizza Hut Express®; a spa featuring Aveda® products; a kid spa featuring ice cream-themed products; a children’s craft and activity room focusing on “edutainment;” a 100-game arcade with ticket redemption; MagiQuest, a live action fantasy adventure game; a themed, interactive 18-hole outdoor miniature golf course; a tech center with Internet stations and movie and musical entertainment; a fitness center; a gift emporium; and an animated clock tower.

“As an established family destination market, Concord is a desirable area as we expand further into the southeast,” said John Emery, chief executive officer of Great Wolf Resorts. “We are building in a prime location near such notable attractions as Concord Mills Mall and Lowes Motor Speedway. Additionally, Great Wolf Lodge will complement the many area attractions as a unique, year-round lodging experience for both leisure and business travelers.”

Great Wolf Lodge will be located off of Speedway Boulevard and Interstate 85 in the City of Concord and is currently expected to open in 2009. For more information on Great Wolf Resorts and its brands of indoor waterpark resorts, visit greatwolf.com.

Forward-Looking Statements
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 performance and financing needs, are forwardlooking 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, competition in the company’s markets, changes in family vacation patterns and consumer spending habits, regional or national economic downturns, the company’s ability to attract a significant number of guests from its target markets, economic conditions in its target markets, the impact of fuel costs and other operating costs, the company's ability to develop new resorts in desirable markets or further develop existing resorts on a timely and cost efficient basis, the company's ability to manage growth, including the expansion of the company’s infrastructure and systems necessary to support growth, the company’s ability to manage cash and obtain additional cash required for growth, potential accidents or injuries at its resorts, its ability to achieve or sustain profitability, downturns in its industry segment and extreme weather conditions, increases in operating costs and other expense items and costs, uninsured losses or losses in excess of the company's insurance coverage, the company's ability to protect its intellectual property, trade secrets and the value of its brands, current and possible future legal restrictions and requirements, and other factors discussed under Item IA (Risk Factors) in Great Wolf Resorts’ 2006 Form 10-K. We assume no duty to update these statements. 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.

About Great Wolf Resorts, Inc.
Great Wolf Resorts, Inc.® (NASDAQ: WOLF), Madison, Wis., is North America’s largest family of indoor waterpark resorts, and, through its subsidiaries and affiliates, 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.; Niagara Falls, Ontario; and Mason, Ohio; and Blue Harbor Resort & Conference Center in Sheboygan, Wis. Great Wolf Lodge properties are currently in predevelopment and/or under construction in Grapevine, Texas; Grand Mound, Wash.; and Concord, N.C.

The company’s resorts are family-oriented destination facilities that generally feature 300 to 400 rooms and a large indoor entertainment area measuring 40,000 to 100,000 square feet. The all-suite properties offer a variety of room styles, arcade/game rooms, fitness centers, themed restaurants, spas, supervised children’s activities and other amenities. Additional information may be found on the company’s Web site at www.greatwolf.com.