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Hard Rocks Condo Campaign. 2005-07-31
It now seems that the Hard Rock hotel and casino has split from a California Indian tribe in order to build their own over $1 billion condominium/ casino expansion in Las Vegas. The company earlier this year received its first tribal management contract with the Pauma Band of Lusiseno Mission Indians near San Diego in order to develop a casino resort for this tribe. br> Kevin Kelley, Hard Rock's Head said they left the deal in fairness to this property and the tribe, who just wants to further gaming projects. Their other project needs more attention to start soon. The property is expected to begin in about 45 to 60 days after buyers are presented with sales contracts in September.
The Hard Rock is taking deposits from buyers as before requesting for a significant portion of the down payment. About 4,100 people sent checks to reserve 1,200 available units, meaning 3,000 people are still on a waiting list. Some competitors have to wait, and that makes the timing perfect for the Hard Rock.
The Hard Rock hasn't advertised prices for units but it is expected to be around $900 per square foot, similar to other luxury condo towers. Bungalows and single-family units that will be made around new pool in the area. The pool alone will cost more than the project.
Condos will be fully furnished, with entertainment hall, spa/ gym, and four new restaurants, later joining near the new casino. The project will include 20,000 square feet of casino space with 500 new slots and around 30 additional table games. Hard Rock is just trying to catch up to its competitors, and unfortunately it means leave other ventures to make it to this point.
(By Sammy)