Hard Rock Las Vegas Hotel Continues Construction While Others Abandon

Hard Rock HotelHard Rock Las Vegas hotel continues construction while others abandon.  Morgans Hotel Group, boutique hotel operator, forges ahead with the $760 million hotel casino expansion.

Update: 2/06/09 Hard Rock hotel South tower has been topped off.

They’ve told investors that financing has been secured and ready for continued success.  During these trying economic times the Hard Rock is showing its strength in the hotel business.

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Hard Rock Las Vegas Hotel Obtains Gaming Control Board Gaming Support

Hard Rock Las VegasHard Rock Las Vegas NV hotel received Gaming Control Board Gaming license recommendation. The NV hotel owners can start collecting gaming revenues from their casino.

In Las Vegas casino news this week the state gaming board recommended giving jv partners Morgans Hotel Group, New York hotel operator, and DLJ Merchant Banking Partners a license to receive gaming revenue.

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Hard Rock Las Vegas Hotel Unveils $750 Million Real Estate Expansion

Hard Rock Hotel Las VegasHard Rock Hotel Las Vegas unveils new real estate plans this week for expansions and renovations totaling $750 million that will double the Hard Rock real estate. Some of the expansion of the Las Vegas hotel will include new convention space, additional hotel rooms and a larger concert area.

Construction moves quick in Las Vegas and that is exactly what is happening at the Hard Rock. Restaurants and 640 rooms will start renovations immediately along with October expansion to finish mid 2009.

A joint venture partnership between private equity investor DLJ Merchant Bank and hotel operator Morgans Hotel Group finished the real estate transaction of the $770 million commercial real estate buy of the 16.7 acre Hard Rock Las Vegas and the neighbor Paradise Bay Club apartments on 23 acres of land.

The Las Vegas hotel expansion will showcase an additional tower with 550 rooms including a VIP tower that will hold 400 suites.

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Hard Rock Hotel Las Vegas Names Casino Management Company

Hard Rock Hotel Las VegasHard Rock Hotel Las Vegas purchaser Morgans Hotel Group names Golden Gaming to manage the Hard Rock Casino Las Vegas.

Golden Gaming, operator of the PT’s taverns and restaurants in Las Vegas, will operate the Hard Rock Hotel Las Vegas 30,000-square-foot casino once Morgans’ $770 million purchase of the rock ‘n’ roll themed casino closes. Continue reading Hard Rock Hotel Las Vegas Names Casino Management Company

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