After Las Vegas Mirage Closes, Fontainebleau Secures $2.2 Billion Investment – EDM.com

The Las Vegas Strip, one of the world’s leading nightlife hubs, has received a multi-billion dollar investment.

Shortly after Hard Rock International announced its plans to close The Mirage and funneling billions of dollars into renovations, Fontainebleau Development secured a $2.2 billion construction loan to complete the company’s ambitious, 67-story hotel and casino in Las Vegas. The Fontainebleau project has been in the works for two decades, according to TheStreet.

“This is a milestone for Fontainebleau Las Vegas and stands as a testament to the tremendous dedication of our team and our partners at Koch Real Estate Investments,” said Brett Mufson, President of Fontainebleau Development, in a statement. “We are excited to bring our iconic Fontainebleau brand—timeless beauty, unparalleled service, and innovative design—to the Las Vegas Strip.”





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *