TJM Properties Completes Acquisition of Harrah's Tunica From Caesars Entertainment Corporation
January 29, 2016 9:07am
Tunica, MS, January 29, 2016----The owners of TJM Properties of Clearwater, Florida have closed on the purchase of Harrah’s Tunica, a 2000-acre resort complex in Tunica, Mississippi. Known as the South’s Casino Capital, Tunica is a prominent tourist, gambling and entertainment destination, located on the Mississippi River. The area is home to world class casinos, 6000 hotel rooms, fine dining restaurants, luxury spas and championship golf and tennis facilities. The property was purchased from Caesars Entertainment Corporation.
“Plans to sell all or part of the property are underway,” according to Terence J. McCarthy of TJM Properties. The expansive parcel consists of two hotels featuring 600 guestrooms and suites, a 45,000 square foot convention complex, an 800-acre Hunting Lodge, 200-unit RV park and club house, a 10,000 square foot kids’ center, an 18-hole golf course & clubhouse, a large commercial laundry facility, office and warehouse buildings, and hundreds of acres of farm land.
“We have a number of offers for all of the parcels of the property, and several parties expressed interest in purchasing the entire resort,” Mr. McCarthy confirms. “We are finalizing our plans on what we may keep and what we will sell and will be reviewing all these offers in the coming weeks.”
Interested parties should contact Dale Schooley at 727-683-1200 or email@example.com.
Tags: tjm properties,
TJM Properties is a privately held Real Estate firm owned and operated by Terence J. McCarthy of St. Petersburg, Florida. The company owns a growing number of hotels in Florida, New Jersey, and Pennsylvania under the Quality Inn, Baymont Inn, Howard Johnson, and Radisson flags. TJM also owns The Claridge Hotel and Atlantic Club in Atlantic City, New Jersey. A leading developer of Senior Living Communities, TJM Properties sold 15 of its 19 Senior Living properties in 2013, comprising of 2500 units, for $220 million. www.tjmproperties.us
Contact: Dale Schooley
Caesars Entertainment Appoints Chris Holdren Chief Marketing Officer
Caesars Entertainment to Embark on $90 Million Renovation of 1,270 Rooms at Flamingo Las Vegas
Caesars Entertainment Reports Q1 2017 Net Revenues Increased 1.4% YOY to $963 Million and a Net Loss of $524 Million Compared to $274 Million Q1 2016
Ruben Sigala Appointed Chief Marketing Officer of Caesars Entertainment
TJM Properties Purchases Crowne Plaza North-Worthington in Columbus, Ohio
Caesars Entertainment Reports Financial Results for the Second Quarter 2016
TJM Properties Names Tiffany Gallagher General Manager of The Crowne Plaza Syracuse
TJM Properties Acquires 276-Room Crowne Plaza Syracuse in Central New York
Caesars to Enhance and Upgrade More than 5,700 Rooms in 2016 at Four Las Vegas Resorts and Three Regional Resorts
Caesars Entertainment Reports Fourth Quarter and Full-Year 2015 Results
Caesars Entertainment Las Vegas Resorts Launch Self Check-In and Key Retrieval Kiosks Citywide
TJM Atlantic City Purchases Radisson Philadelphia Northeast for $15 Million
Caesars Entertainment Reports Financial Results for the Third Quarter 2015
Caesars Creditors Approve Chapter 11 Restructuring
Caesars Entertainment Begins Management Transition Naming Mark Frissora as CEO Designee
Caesars Entertainment Operating Co. Commences Voluntary Chapter 11 Reorganization
Caesars Entertainment to Close Showboat Atlantic City Effective August 31, 2014
Caesars Entertainment Expands Deployment of Agilysys InfoGenesis™ POS System to All U.S. Properties
Caesars Entertainment to Sell $2.2 Billion of Assets to Caesars Growth Partners
Caesars Entertainment Agrees to Acquire Non-Gaming Assets of Atlantic Club in Bankruptcy Auction
Please login or register to post a comment.