Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan
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The founders of the Fontainebleau Las Vegas project announced on Friday that they have acquired a $2.2 billion construction loan to complete construction of Fontainbleu Las Las Vegas resort & casino in the fourth quarter of 2023.
Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan. A new union formed in 2021 between Fontainbleur Resorts LLC and Koch Real Estate Investments (KREI), the real estate subsidiary of Koch Industries based in Dallas. J.P. Morgan acted as administrative agent.
The Fontainebleau Las Vegas project will be realized after obtaining $2.2B construction loan. The project was put on hold in 2009 when it was 75% complete. It passed through two owners before it ended up in the hands of Fontainbleu Development Chairman and Chief Executive Officer Jeffrey Soffer.
Fontainebleau Las Vegas will be realized after obtaining $2.2B construction loan. The 67-story resort & casino will offer 3,700 premier hotel rooms, a casino, 550, 000 square feet of convention and meeting space and a collection of restaurants, retail and lifestyle attractions. It will open in the fourth quarter of 2023.
