Fontainebleau Resorts Closes on More Than $4 Billion in Financing
LAS VEGAS, June 7 /PRNewswire/ -- Fontainebleau Resorts, LLC today
announced it has closed on more than $4 billion of financing that will
fully fund its development of Fontainebleau Las Vegas, expansive renovation
of Fontainebleau Miami Beach and repayment of existing debt...
In February 2007 the company began construction of Fontainebleau Las
Vegas, a spectacular $2.9 billion, 63-story, 3,889-room resort,
condo-hotel, casino and entertainment destination on the Las Vegas Strip,
anticipated to open in fall 2009. Fontainebleau Las Vegas will feature
dramatically high ceilings, signature restaurants, 60,000-square-foot spa,
3,200-seat performing arts theater, trendsetting retail, state-of-the-art
meeting space and the world's largest rooftop pool and club scene with
incredible views directly down the Las Vegas Strip. The project encompasses
25 acres and features two dynamic entrance lobbies, one for drive-in guests
off the Strip and one conveniently situated at Paradise Road near Las Vegas
Convention Center.
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