Tilman Fertitta, Carl Icahn, and Caesars' own management are circling a deal at roughly $32 a share... but the real question for hotel operators is what happens to 50 properties when the new owner's first priority is servicing nearly $12 billion in debt, not renovating your lobby.
Hard Rock just announced an $850 million integrated resort in Puerto Rico with 415 rooms, branded residences, and a casino opening in 2029. The press release is gorgeous. The question is who's staffing a three-pool, multi-restaurant, full-casino operation on an island where January occupancy just hit 80% and every existing hotel is already fighting for the same labor pool.
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