Kinseth to Develop, Own, and Operate a 158 room Hotel
Harrah's Horseshoe Council Bluffs Casino
LAS VEGAS, NV / NORTH LIBERTY, IA, June 5, 2007. Harrah's Operating Company, a wholly-owned subsidiary of Harrah's Entertainment, Inc (NYSE:HET) today announced it is moving forward with Kinseth Hospitality Group to develop a nationally branded, upscale, select service hotel at Horseshoe Council Bluffs Casino. Kinseth will develop, own, and operate the hotel.
"The new hotel at Horseshoe Council Bluffs will be a much-needed addition to the entertainment experience we currently offer," said Michael Silberling, regional president for Harrah's operations in Missouri and Iowa. "With approximately 158 new rooms, our guests will find it easier to enjoy their visit to Horseshoe. Kinseth Hospitality Group, with its unsurpassed expertise in this niche, is the ideal company to develop this project."
"An upscale, select service product is the ideal addition to the current first class Harrah's Entertainment offering at Horseshoe Council Bluffs," said Bruce Kinseth, executive vice president of Kinseth Hospitality. "The brand to be announced soon will be a well recognized, best in class brand hotel and we are excited to bring this to the city of Council Bluffs and Horseshoe."
New Hotel at Horseshoe Council Bluffs features
The new hotel at Horseshoe Council Bluffs will be developed adjacent to the casino, located at 2701 23rd Avenue, in Council Bluffs, Iowa. With a projected development start date of summer 2007, the five story hotel at Horseshoe Council Bluffs is projected to be completed in the spring of 2008 and features will include:
o Approximately 3,000 square feet meeting space;
o Fitness facility;
o Indoor pool; and
o 158 new luxury rooms and suites.
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