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Article: Taking the plunge; Developer building indoor water parks at hotels
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- January 22, 2007
- Author:
CopyrightCopyright 2007 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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To boost business at lagging hotels throughout the country, a
Milwaukee development firm and a Denver hotel operator have
concocted a simple formula:
Add water and stir.
Wave Development and Denver-based Sage Hospitality are
collaborating to buy hotels and then add indoor water parks, making
them more attractive to families looking for weekend getaways and
vacations.
Wave and Sage have opened three water parks at hotels in northern
Illinois and Ohio since December, with three more openings planned
for later this year. The two companies could eventually own 17 to 20
hotels with water parks, with each development costing an average of
around $55 million, said Brad Robinette, Sage's senior vice ...