![]() The capital raised will also launch two independent Dreamscape platforms: Dreamscape Entertainment Properties and Dreamscape Entertainment Integrated Resorts. ![]() The property, which opened in 1990, will remain open throughout the renovation, with the company slated to officially take over and manage operations at the resort in 2023. Caesars has continued to manage the property under a deal that ends this year. The company will use the financing to "reimagine" the two-tower structure, restoring it into "a premiere resort and casino experience with modernized amenities."Äreamscape bought the Rio from Caesars Entertainment in 2019 for $516 million. ![]() The capital raise will finance a multiple-phase renovation of Dreamscape’s first gaming property, the Rio Hotel & Casino. With remodeling plans for its Rio Hotel & Casino Las Vegas property in mind and targeting investment in similar properties, Dreamscape Companies, a New York-based real estate development and investment firm founded by industry veteran Eric Birnbaum, announced Wednesday it has successfully completed an $850 million capital raise managed by Wells Fargo and Raymond James. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |