Wisconsin-based Great Wolf Resorts buys property near Mall of America

BLOOMINGTON, Minn. (AP) -- Wisconsin-based Great Wolf Resorts Inc. has bought a Twin Cities water park and adjoining hotel near the Mall of America.

Finance & Commerce reports Great Wolf paid $39.1 million for the Water Park of America property, according to a certificate of real estate value made public Wednesday.

The seller is an affiliate of Wheelock Street Capital of Greenwich, Connecticut, which paid $49.1 million in 2010 for the complex.

A representative of Great Wolf said Thursday the Madison, Wisconsin-based company had no update on its plans for a Great Wolf Lodge in the Minneapolis area, but an official announcement is expected next week. A Wheelock spokesman confirmed the property was sold but would not say to whom.

The indoor water park in Bloomington is connected to a 403-unit Radisson hotel.

Reported by:  Startribune.com