Last week, Hard Rock International and Codere signed a business agreement which involves a massive patch of land in Mexico City. Codere is a multinational company established back in 1980. It is involved in private gaming sectors including the management of bingo rooms, betting rooms, gaming terminals, racetracks, and casinos. This Madrid Stock Exchange-traded company is present in Uruguay, Mexico, Argentina, Columbia, Italy, Brazil, and Panama.
As it was reported, the company has recently granted land to Hard Rock International for a massive tourist resort to be built on it valued more than $1 billion. In return for granting this land, the company will be provided forty percent shares of the holding company thanks to the land distribution. At the same time, Hard Rock International will maintain sixty percent holding as well as be in charge of funding, operations, and management.
Possibly the Second Guitar-Shaped Hotel and Resort
The Hard Rock International company is one of the most popular, most recognizable brands in the industry with their facilities featuring loads of rock ‘n’ roll-related memorabilia, and much more. As it was reported, Hard Rock International wants to use this newly granted land in Mexico City to build its second, guitar-shaped hotel and resort which will possibly include forty-eight floors with a massive betting area managed and operated by Codere.
It was also revealed that licensing has already been provided for forty-four floors of the facility. According to the official Hard Rock International’s press release, in the case of this business agreement with Codere moving forward, the company plans on submitting its official proposal which will detail more info.
In the meantime, the company is focused on its Seminole Hard Rock Hotel and Casino Hollywood which should open its doors on the 24th of October. This is the first Hard Rock guitar-shaped hotel featuring six hundred and thirty-eight modern, luxurious guest suites and rooms. The facility is actually a massive, $1.5 billion-worth expansion of the iconic Hollywood property that opened on the 11th of May, 2011.
This iconic facility is located on a massive, one hundred acres property of the Hollywood Reservation, Florida. Currently, the property includes one hotel tower, a massive poker room, casino floor, pool facility, shops, restaurants, nightclubs, spas and the Hard Rock event center. Hard Rock International operates several other facilities of this kind across the United States including Hard Rock Hotel and Casino Atlantic City.
Hard Rock International Hoping to Build a Resort Near Athens
Besides its plans to build in Mexico City, Hard Rock International also hopes to build a resort at the site of the Hellinikon International Airport located near Athens. The casino planned is worth around €8 billion and Hard Rock International has already made its binding. As it was revealed, the company plans to invest around €1 into this development project while investing around €250 million self-funds supported by loans and foreign banks.
The proposed project on Hellinikon casino includes a casino floor with table games and slot machines, hotel facility, dining outlets, a conference area, and several entertainment areas. The Hard Rock International’s officials stated that the company will respect the city’s heritage while working with local businesses. All in all, interested companies have still time to submit their proposals. At the moment, Hard Rock International faces some tough competition of bidders including Mohegan Gaming and Entertainment.