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Ugh. Another round of bad news for Atlantic City and its employees. Trump Entertainment Resorts filed for bankruptcy protection yesterday and said that if it could not make "significant expense reductions", the casino will close on November 13. Nearly 3,000 employees will then be out of a job.
The odds of Trump Taj Mahal closing are very, very good. Trump Entertainment Resorts, which is a separate entity from the Trump Hotels company as using the Trump name is simply a licensing deal, did not pay property taxes on the Taj Mahal last month and cannot pay off $285 million in bonds. Not even a strip club could save the Taj.
Trump is hoping to cut labor costs but the unions are strongly opposing it, saying even if the workers accepted minimum wage with no benefits, there wouldn't be enough money to save the Taj Mahal. This is some dire stuff. You can read more of the nitty gritty here on this NY Times article.
Hopefully, this will be the last closing in Atlantic City for a while. At least until 2015.
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Today's the day, although it's not a day we should really be excited about.
The Revel Resort and Casino in Atlantic City, which cost $2 billion to build and only opened two years ago, is closing today. Here's a statement on the hotel's website regarding the logistics of the closure. Guests were actually checked out of the hotel yesterday at 11am. No late check-outs! Although, apparently there was a fire alarm that went off at 1am but the nigthclubs at the hotel partied on, mostly filled with employees. Here's an excellent article on the last hours of the casino. Below are our photo galleries from when we first went inside Revel.
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If there's any question about just how bad things are going for the Revel in Atlantic City, look no further than the fact that the casino resort has moved up its closing date from September 10th to 5 a.m. on September 2nd, right after the Labor Day weekend.
According to reports, the owners of Revel wanted to shut down even sooner - this week - but its request was denied by the New Jersey Division of Gaming Enforcement. All hotel operations will cease as guests check out on Monday, September 1st.
This contributor is anxious to see the city move on from this mess, so the sooner the Revel is out of the picture, the better. Still, there are a few things to keep in mind as things shut down next weekend:
Hotel Closings / Revel Resorts / Atlantic City Hotels / Gambling Hotels / New Jersey Hotels / → All Tags
In case you hadn't already heard, The Revel Resort and Casino in Atlantic City announced that it will officially close its doors and shut down all operations on September 10, only two and a half years after it first opened in April 2012. Hailed as the project that would revive Atlantic City, Revel was never able to turn a profit and was continuously battling bankruptcy issues.
The resort had been a curious case leading up to this announcement. Despite rumors of the potential closing, rates were as high as ever and the hotel is even sold out this weekend. The brass at Revel attributed the resort's demise to a "considerable non-controllable expense structure that financially burdened the property." To us, it sounds like a fancy way to say they didn't do their homework.
Revel said it is going to continue to try to find a buyer during the bankruptcy process, but that even if it does, it will not be until after the resort closes. In total, 3,100 jobs will be lost, which is, of course, sad. And the city is going to have to figure out what to do with the abandoned building if no one wants to give it another go. It's easy to shrug our shoulders at that as tourists, but the locals are the ones who have to bear the aftermath of a botched tourism effort.
Manila will be saying its goodbyes to one of the oldest luxury hotels in the city next month: Mandarin Oriental will be closing on September 9 after nearly four decades of operating. As much as the décor in the above Deluxe Room feels like it needs an overhaul, the choice was made to shut the 413-room hotel altogether.
A replacement hotel is already in the works, though on a smaller scale. Come 2020 (which sounds terribly far away, but really, half a decade is nothing in hotel years), a brand new hotel with 275 rooms will open. The location will stay roughly the same, in a mixed-use development in the central business district of Makati City; no other details are known at this point.
It's starting to look like a bummer summer for Atlantic City.
First, came the news that the Revel Hotel, a brand new, gorgeously modern resort and casino could shutter as soon as next month if it didn't find a new buyer. Now, comes news that weathered Trump Plaza, located next to Caesars Atlantic City, could also close in September due to low revenues. Unless Trump can find a buyer or get an injection of money from somewhere, then the casino will shut down and roughly 1,000 workers will be laid off.
Despite having an excellent location in the center of the boardwalk across from the beach, the Trump Plaza has seen better days. There might be Chihuly (or Chihuly-inspired chandeliers) found on the casino floor, but overall, the property is in bad condition. We were shocked at the level of disrepair we saw last year in the public spaces. And the room photos on the website have us scared. It looks like nothing has been updated since the 1980s.
The procession of Parisian luxury hotels on their way to closure for a full revamp is not unlike the parade of models swooshing past a front-row seat during the city's famous fashion week, soon to loop back in a brand new outfit: there was Prince de Galles (now open again, dressed in full Twenties Art Deco), the Ritz (still closed, but harboring the home of Madame Coco), the Crillon (still closed too, but with Lagerfeld involved), the Plaza Athénée (due to return in June), and now it is time for Hotel Lutetia to do the same.
The hotel, unlike all others above located on the city’s Left Bank, will close its doors on April 14. They will stay that way for at least a year, during which time it will be transformed to become part of The Set Hotels. It will be the third hotel for the group, joining London’s Café Royal and Amsterdam’s Conservatorium.
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Wow. What a sad way to end a good week--Carlson Rezidor Hotel Group, on the heels of making announcements about their two new brands--have suddenly put the brakes on the Hotel Missoni brand. Here's the official statement:
The Rezidor Hotel Group and the Italian fashion house Missoni have mutually agreed to terminate the worldwide Master Licence Agreement for the development and operation of the brand Hotel Missoni, effective 31st December 2013. The existing properties Hotel Missoni Edinburgh and Hotel Missoni Kuwait will cease to operate under the marks of Hotel Missoni latest by 30th June 2014.
Well, guess we can scratch Missoni off the list of fashion-branded hotels that might open in Macau. Carlson Rezidor CEO Wolfgang M. Neumann said the decision was due to their new focus on the Radisson Blu and Park Inn brands and probably, their new brand for millennials, Radisson Red, and their new collection of hotels, The Quorvus Collection, aimed at parents of millennials.
Meanwhile Missoni CEO Alberto Piantoni said that the fashion house has "new strategic visions in the field of interior design and hospitality." So does this mean that Hotel Missoni might be resurrected somewhere else, possibly in an actual fashion capital like Milan, Paris or New York? We will keep our fingers crossed.
[Hat tip to tipster SH.]
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Hayman Island, a dot on the map in the Coral Sea off Australia’s Queensland coast, has headed into the final stretch of its journey to become a One&Only Resort: complete closure until July 1st this year.
Once the hotel appears at the other end as One&Only Hayman Island, pretty much nothing will be as it was before. We’re talking dramatic room reconfigurations and top-to-bottom renovation, and the addition of private residences both on the undeveloped eastern tip of the island and beach-side next to the luxury yacht marina.
The Hayman Wing (previously called the Lagoon Wing) is already complete, with new interiors like you see above, but we expect the DVF suite to have stayed the same. Various room types and views are available, including interconnecting rooms for families.
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When one hotel closes, another one is quick to open. The Millennium Hotel in St. Louis which has been in steady decline for a few years, will close the last 164 of its 780 hotel rooms on January 22.. The general manager for the hotel gave this statement to the St. Louis Post-Dispatch:
“The hotel has served the St. Louis community well for many years,” Robert Rivers, the owner’s regional general manager, said in a statement. “However, we have concluded that the hotel, in its current state, does not meet our standards and has not kept pace with guest demands.”
An example of how outdated the hotel is? According to a TripAdvisor review, the rooms did not have wireless internet. Good grief! But the biggest loss will be the hotel's spinning restaurant at the top of the building. Baseball fans will also miss this killer ballpark view. No word on what could possibly take its place but residential condos is most likely.
Meanwhile, in Orlando, the new-ish Legoland Theme Park will be getting its own 152-room Lego-themed hotel in 2015. Having spent some time at Legoland Hotel in California, which just opened last April, we bet the Orlando outpost will be very similar. But of course, with Orlando being so
muggy hot in the summer months, there will probably be more water features at the pool.
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We’ve known that The Lanesborough London would be closing later this year to complete a top-to-bottom renovation, but now we finally have a tiny bit more information on what will happen when doors shut on December 20.
They will remain so until the fourth quarter next year – it wouldn’t surprise us if that means a planned return right before Christmas – and the designer responsible for the overhaul is the late Alberto Pinto, his final project before his passing last year. The hotel will keep its Regency style, but will bring in the requisite hotel technology updates to take it into the 21st century. No renderings or other visuals are available unfortunately to show you what that will look like.
While the Peninsula Paris might be slowly revealing its Beaux Arts façade on Avenue Kléber, a hop and a skip down the Champs Élysées, two other Parisian luxury hotels are still very much off in the land of dreams.
Hotel Ritz, on terribly chic Place Vendôme, is coming up to the midway point of its two-year plus closure, or as the French put it so much more eloquently, “vers une nouvelle legende”. If possible, the building is even more obscured from prying eyes than it was last time we walked by, earlier this year.