$5 millon upgradein cards for Hyatt
Last week, Full House Resorts announced it has reached an agreement with the Hyatt Hotels Corporationn to renovate the Grand Lodge Casino at the Hyatt Regency Lake Tahoe in Incline Village.
Located within the resort, the Grand Lodge Casino is operated by the company.
The casino renovation, expected to be completed before the end of the first quarter of 2017, will be phased to minimize guest disruption at both the casino and resort.
Under the agreement, Hyatt will invest up to $3.5 million in the refurbishment of the casino and related food and beverage facilities, and Full House will invest up to $1.5 million, principally in new gaming and gaming-related equipment.
Further, the lease is being extended from its current maturity date of Aug. 31, 2018, to Aug. 31, 2023.
“We value our long-standing relationship with Hyatt and are pleased to collaborate to further differentiate this unique AAA Four Diamond resort from any competitor in Northern California or Nevada,” said Daniel R. Lee, president and CEO of Full House Resorts.
“Our entire team is excited with the upcoming improvements,” added Scott Ruhl, general manager of Northern Nevada and the Grand Lodge Casino. “We look forward to welcoming our guests into a ‘new’ and energized casino.”