Financing Finalized for Hard Rock Hotel and Casino Projects; To be Developed On Seminole Indian Reservations in Tampa and Hollywood, Florida.Business Editors ORLANDO, Fla.--(BUSINESS WIRE)--May 2, 2002 Hard Rock Cafe Hard Rock Cafe is a chain of casual dining restaurants. It was founded in 1971 by Isaac Tigrett and Peter Morton, and their first Hard Rock Cafe opened near Hyde Park Corner in London, in a former Rolls Royce car dealerships showroom close to Hyde Park, where in 1979 they began to International announced today the financing for two new Hard Rock Hotel and Casino The Hard Rock Hotel and Casino is a hotel-casino located in Las Vegas, Nevada. The property has a 646 room hotel and 30,000ft² (3,000m²) casino. The hotel will undergo a major expansion to be completed in 2009. resorts to be developed on the Seminole Indian Nation reservation land in Tampa and Hollywood, Florida Hollywood is a city in Broward County, Florida, United States. As of 1 July 2006, the population estimated by the U.S. Census Bureau is 145,879.[3] Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the ninth largest city in Florida. , has been finalized See finalization. . The financing was completed via the issuance of $315 million of Capital Trust Agency Revenue bonds. Hard Rock Cafe's parent company, The Rank Group Plc, has subscribed for $25 million of the bonds. The new Hard Rock Hotel and Casino resorts, which replace the Seminoles existing gaming facilities located in Tampa and Hollywood, are being developed through a licensing agreement between Hard Rock Cafe International, the Seminole Indian Tribe INDIAN TRIBE. A separate and distinct community or body of the aboriginal Indian race of men found in the United States. 2. Such a tribe, situated within the boundaries of a state, and exercising the powers of government and, sovereignty, under the national of Florida and The Cordish Company The Cordish Company is a real estate development and entertainment operating company based in Baltimore, Maryland. It was founded in 1910. Properties
The new Hard Rock Hotel and Casino Tampa resort will be located on the site of the existing Seminole gaming facility off Exit 5 on Interstate 4 and will feature 90,000 square feet of gaming space with 1,500 slot machines and 50 gaming tables, a 250-room hotel and 10 restaurants. The Hard Rock Hotel and Casino Hollywood resort will be located adjacent to the Seminole's existing gaming facility at U.S. 441 and Stirling Road. The new resort features 115,000 square feet of gaming space with 2,000 slot machines and 65 gaming tables, a 750-room hotel and 12 restaurants, including a Hard Rock Cafe. Hard Rock Cafe is one of the most recognized music, entertainment and dining brands in the world. Currently there are more than 100 Hard Rock Cafes in 40 countries, combining the spirit of rock music, memorabilia from the hottest musical artists of the last 50 years, classic American food, and a commitment to widespread humanitarian causes. Known for collectible and fashion merchandise, live concerts, Hard Rock Live performance venues, hardrock.com and Hard Rock Hotels and Casinos, Hard Rock Cafe International, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of London-based The Rank Group Plc (Nasdaq: RANKY). |
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