Fontainebleau Resorts
From Wikipedia, the free encyclopedia
 |
This article or section contains information about expected future buildings or structures. Some or all of this information may be speculative, and the content may change as building construction begins. |
 |
Fontainebleau Resorts is a resort-hotel company started by South Florida real estate developers Turnberry Associates in 2005 after their purchase of the famous Fontainebleau Resort in Miami Beach, Florida.
The company is headed by Turnberry Principal, Jeffrey Soffer, and former Mandalay Resort Group President, Glenn Schaeffer. The company currently has several ongoing hotel and condominium development projects in Miami Beach and Las Vegas, with several more on the way, and Schaeffer has suggested that Fontainebleau will go public in order to raise money for their multi-billion dollar development plans.
On 17 April 2007, Publishing and Broadcasting Limited (now Crown Limited) announced that it had entered into an agreement to acquire 19.6% of Fontainebleau Resorts for US$250 million.
[edit] Las Vegas Development
The Fontainebleau Las Vegas development is a $2.9 billion, 3,812-room, 63-story hotel/condo-hotel/casino, to be situated on the north end of the Las Vegas strip on the 24.5 acre site previously occupied by the El Rancho and Algiers hotels.
The project will include: a 95,000-square-foot (8,800 m²) casino, a 60,000-square-foot (5,600 m²) spa, 3,300-seat performing arts theater, 1,018 condo-hotel units, 180,000 square feet (17,000 m²) of retail space, 400,000 square feet (37,000 m²) of indoor and outdoor conference space, nightclubs, and 24 restaurants and lounges.[1]
Construction is currently underway and it is expected to open in late 2009.
[edit] References
[edit] External links
|
||||||||||||||||
