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Briefs: Hail Caesars CEO | Fauchon part deux

Caesars names new CEO: Las Vegas-based Caesars Entertainment Corporation named Tony Rodio chief executive officer. Rodio, currently CEO of Affinity Gaming, will transition in the next 30 days; previous to that role, he was president and CEO of Tropicana Entertainment. He replaces Mark Frissora, whose ouster, according to the Wall Street Journal, was sought by activist investor Carl Icahn, who owns 18% of company stock and is pushing for a sale. The board also created a committee to evaluate takeover interest in the company.

Read the press release

Fauchon to open second property: French luxury gastronomer Fauchon’s hospitality arm, Fauchon Hospitality, will open a second hotel, in Kyoto, Japan. The 70-room hotel will open in 2020 with a Fauchon bakery and café. Fauchon manages 32 shops, cafés and bakeries in the country. The company aims to operate 20 hotels by 2028 in Europe, North America, the Middle East and Asia; its first hotel, a 54-room property in Paris, opened last year. The Kyoto hotel is part of a services and trademark license agreement between Japan’s Hotel W Management Co., Ltd., a subsidiary of Wealth Management, and Fauchon Hospitality.

US$3.1B Strip hotel delayed: Steven Witkoff is pushing back the opening of a US$3.1 billion resort on the Las Vegas Strip by more than a year. The Drew Las Vegas project will open in the second quarter of 2022 due to uncertainty on the construction budget, Witkoff told Bloomberg. Witkoff bought the unfinished 3,780-room Fontainebleau resort from billionaire investor Carl Icahn for US$600 million two years ago. 

Marcus to manage: Milwaukee, Wisconsin-based hotel owner and manager Marcus Hotels & Resorts assumed management of the Hyatt Regency Schaumburg in the Chicago suburb of Schaumburg, Illinois. The 468-room hotel completed a US$15 million renovation in 2018. The owner is First Equity Group.

Meininger signs two: Meininger Hotels signed contracts for two new hybrid hotel projects, in Stuttgart and Bremen, Germany, for a total of 14 in that country. Both hotels will offer single, double and multiple guest rooms, and dormitories for up to four people. The Stuttgart property will have 156 rooms (460 beds) and open in fall 2021; in Bremen, the new-build will have 126 rooms (378 beds) and is scheduled to be complete in early 2022.

Hard Rock in Bangalore: Hard Rock Hotel Bangalore, India, will join Hollywood, Florida-based Hard Rock International’s portfolio in fall 2020. It joins the Hard Rock Hotel Goa as the second of the brand in India. It will include a pool, dining options, rooftop bar and meetings spaces totaling 20,000 square feet. It’s owned by Convention Hotels India Private Limited.

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