What officials term the cornerstone of the Project Horizoninitiative is a new 1,000-room hotel that will feature 300-House ofBlues themed rooms. The new hotel will be owned and operated byMohegan Sun. Other highlights of the new House of Blues additionsto the complex include a House of Blues Music Hall, restaurant,retail outlet and poker room.

Project Horizon also calls for 115,000 sf of additional retailand restaurant space and a new 64,000-sf Casino of the Wind. Inaddition, Mohegan Sun will expand its Asian gaming operations inthe existing Casino of the Earth facility at the gamingcomplex.

The Mohegan Tribal Gaming Authority, the owner and operator ofMohegan Sun, plans to finance the project through a new $1-billionrevolving credit facility from a syndicate of financialinstitutions and commercial banks, tribal officials note. Thecredit facility is expected to close sometime in December 2006,they add.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.