Financing secured for Hard Rock Las Vegas face-lift

06/9/2008 | Commercial Property Executive

Morgans Hotel Group closed on financing needed for the $760 million expansion at the Hard Rock Hotel & Casino in Las Vegas. The financing, which Morgans obtained in conjunction with its equity and joint venture partner, DLJ Merchant Banking Partners, calls for a construction loan of up to $620 million under the Hard Rock's existing loan facility.

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