MADISON, Wis. (AP) — Great Wolf Resorts has sold the Blue Harbor Resort in Sheboygan for about $4 million.
Claremont Cos., of Bridgewater, Mass., and New Frontiers Capital, of Auburn Hills, Mich., formed a joint venture to purchase the 182-room resort on the shores of Lake Michigan.
According to the Madison-based waterpark development company, Blue Harbor has not produced the revenue it expected since it opened in 2004. It was built in a new tourism district that has not drawn other attractions. The new owners plan to renovate the resort lobby, its rooms and some outdoor areas.
Blue Harbor includes a conference center which is owned by the city of Sheboygan. The Sheboygan Press says Great Wolf will pay the city $2.5 million to settle its promise to pay room tax revenue through 2028 and property taxes through 2018.
Information from: The Sheboygan Press, http://www.sheboygan-press.com