Developers secure $2.2B construction loan to complete luxury Fontainebleau resort in Las Vegas Strip
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Fontainebleau Development and Koch Real Estate Investments secured a $2.2 billion construction loan to complete Fontaineblue Las Vegas. VICI will provide up to $350 million in mezzanine loan financing to support the partnership. The 67-story hotel, gaming, meeting, and entertainment destination is expected to open in the fourth quarter of 2023.
Developers secure $2.2B construction loan to complete luxury Fontainebleau resort in Las Vegas Strip.
Jacob Francis, president of Koch Real Estate Investments, is grateful for the $2.2 billion in financing for a new property in Las Vegas.
Developers secure $2.2B construction loan to complete luxury Fontainebleau resort in Las Vegas Strip. Fontainbleu Las Las will feature 3,700 luxury hotel rooms, 550,000 square feet of customizable convention and meeting space, and a world-class collection of gaming, dining, retail, lifestyle, and health and wellness experiences. Upon completion, Bowtie Hospitality LLC will be the sole operator of Fontaneblea Las.
