Nikki Beach just announced a 100-suite, 50-villa integrated resort in Marrakech with a 2028 opening, and the concept reads like a lifestyle brand's dream pitch. Whether it survives contact with reality depends on questions the press release very carefully didn't answer.
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Mar 11
Bally's just closed $157M for 16 acres of former golf course in the Bronx, locking in the land for a $4 billion integrated resort. The per-key cost on the hotel component alone is interesting, but the capital stack behind the whole project is where this story gets uncomfortable.
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