Investing
Fontainebleau Las Vegas Gets $2.2 Billion to Finish Construction
- Building first began in 2007, before real estate slump
- Developers now targeting a fourth quarter 2023 opening
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Fontainebleau Las Vegas, the long-delayed resort being built along the city’s famous Strip, secured a $2.2 billion loan to complete construction.
Sumitomo Mitsui Banking Corp., Blackstone Inc., Goldman Sachs Group Inc., Guggenheim Partners and Vici Properties Inc. participated in the financing, with JP Morgan Chase & Co. serving as administrative agent, the developers said in a statement Friday. The total project cost is $3.7 billion.