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Businesses For Sale   >>   Mississippi Businesses For Sale

Destination Resort Hotel / Casino / Water Park / Golf

Location  Mississippi,United States
Asking Price Range  > $35.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2006
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Reason for Sale  Equity or debt partner needed

Description  
Resort is a multi--‐phased, world--‐class destination resort and casino development on 253 acres inside the prime gaming zone. Phase one of the Project will include the following major amenities: - 100,000 square foot Casino with 3,000 positions - 1,000 Key Luxury Hotel - 50,000 square foot Convention and Meeting Center - 15,000 square foot Health and Wellness Center - 3,000 car parking structure - Giant Ferris Wheel attraction - 25 Acre WaterPark - 5,000 seat Sport and Entertainment Venue - Restaurants, bars and associated retail Phase one will take 30 months of construction to complete at a projected cost of $1.135 Billion. Projected year one gross revenue from the first phase upon opening in 2014 is $396 Million with projected EBIDTA of $141M. 10 year operating financial pro--‐forma of phase one, projected to open in 2014 are Available upon request and post NCNDA signing. Future Phases: The 253 acre development site can support at least two additional casino properties in future phases that will be developed as market conditions dictate. In addition, the Project has access to hundreds of nearby acreage outside the gaming area for development and expansion of non--‐gaming resort amenities. Likely future resort expansion will include: - Two additional major casino floors - Two 750 key luxury hotels - Expansion of restaurant, bar and retail offerings - Expansion of the meeting and convention space to accommodate national shows/conventions - Development of a signature 18 hole championship golf course and clubhouse - Golf & tennis training academy - Development of a world--‐class rollercoaster attraction


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