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Tag Archives: hotels

Churchill Downs finalizes acquisition of Harlow's

GREENVILLE — Churchill Downs of Louisville, Ky., has completed its purchase of a Mississippi casino and hotel for about $138 million. The company, which owns Churchill Downs in Louisville and three other racetracks, will have a public ceremony today to mark the transfer of ownership of Harlow’s Casino Resort & Hotel in Greenville. Harlow’s sits on about 69 acres of ...

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Tropicana sells Horizon to Nevada company

VICKSBURG — Tropicana Entertainment Inc. says it has sold its Horizon Vicksburg Casino in Mississippi, subject to regulatory approval. The riverboat casino has 382 slot machines and a 117-room hotel. Tropicana, controlled by investor Carl Icahn, will sell the casino for $3.25 million plus the assumption of certain liabilities. The buyer is Delta Investments & Development, LLC, a Nevada-incorporated company, ...

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Churchill Downs buying Delta casino

GREENVILLE — The parent of Churchill Downs race track is getting into the full-fledged casino business. Churchill Downs Inc. said it has agreed to acquire Harlow’s Casino Resort & Hotel in Greenville for about $138 million. Churchill said the cash deal is subject to regulatory approval but is expected to be completed in the next three to six months. Harlow’s ...

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Florida trade group offering legal help to oil spill victims

ORLANDO, Fla. — The Florida Restaurant and Lodging Association is offering legal representation to members waiting on BP compensation for losses related to the Gulf oil spill. The group said yesterday it has partnered with three law firms to represent hoteliers and restaurateurs who have seen claims delayed or denied. The group will also host briefings on the claims process ...

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Boyd completes $950M debt financing on Borgata

LAS VEGAS, Nev. — Boyd Gaming Corporation, which has operations in Mississippi, announced that Borgata Hotel Casino and Spa, Boyd Gaming’s 50/50 joint venture in Atlantic City, N.J., completed a $950-million debt financing, consisting of two $400-million tranches of senior secured notes due Oct. 2015 and Aug. 2018 and a $150-million payment priority secured revolving credit facility maturing in Aug. ...

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Coast hotel readies for grand opening

BILOXI — Starwood Hotels and Resorts Worldwide Inc. will hold the grand opening of Four Points by Sheraton Biloxi Beach Boulevard July 1. The cost of the 195-room hotel, which will employ 80 workers, was not disclosed. Atlanta’s Live Oak Partners and Minneapolis-based Wischermann Partners have developed and will manage the property. Ike Thrash and Chris Cope are the hotel’s ...

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Morgan Stanley taking $932M loss on casino

ATLANTIC CITY, New Jersey — Just how bad have things gotten in the second-largest U.S. gambling market? Wall Street giant Morgan Stanley decided it was better to take a $932 million loss on a casino-hotel it was developing in Atlantic City than spend the $1 billion it will take to finish Revel. “We chose to dispose of our investment in ...

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Mississippi’s hotel prices among lowest in country

According to the hotels.com Hotel Price Index (HPI), Mississippi had the lowest average price per room per night among Southern states, dropping 11 percent from last year. The HPI also found that Florida cities were among the most popular U.S. destinations for domestic and international travelers. Florida and Georgia experienced the greatest drop in lodging prices among Southern states with ...

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