The deal, which closed this past week, made Gerald Forsythe sole owner of the 182-room waterfront resort after the Chicago entrepreneur bought out the ownership stake held by Massachusetts-based Claremont Companies.
Terms of the deal were not disclosed.
The resort had been on the verge of closing in 2011, when Forsythe —who has resort holdings in Michigan and owns a California vineyard —partnered with Claremont to buy the facility from Madison-based Great Wolf Resorts. Following the 2011 sale, Forsythe and Claremont each held a 50 percent stake in the property.
Blue Harbor General Manager Dave Sanderson said the most recent deal came about after the resort saw record revenues in each of the past two years, and the owners determined that continuing that growth would require additional investments.
Much of Forsythe’s upcoming $1.7 million investment in the property will go toward upgrading the resort’s 54,000-square-foot indoor water park by adding a surfing simulator and an indoor miniature golf course. There are also plans to expand the spa and fitness center.
Those projects should be completed by Thanksgiving, with the water park project beginning after Labor Day.
Forsythe said in a news release that he’s committed to further establishing Blue Harbor “as one of the preeminent resorts in the Midwest.”
The new investment comes two years after work was completed on a $2.5 million renovation of the resort’s rooms, lobby and common areas.