July 15, 2010
PENTA BEGINS $20 MILLION CASINO RESORT EXPANSION SOUTH OF PHOENIX
MARICOPA, ARIZ. — The PENTA Building Group has broken ground for the $20 million expansion of the Harrah’s Ak-Chin Casino Resort, a 148-room property located 39 miles south of Phoenix in Maricopa. Scheduled for completion in July 2011, the expansion will include construction of a five-story tower, adding 152 additional guest rooms, a sculpture and cactus garden, and new VIP Suites. Harrah’s Ak-Chin Casino Resort is owned by the Ak-Chin Indian Community and managed by Harrah’s.
CASSIDY TURLEY PRESIDES OVER $10.5 MILLION HOLIDAY INN SALE
SAN JOSE, CALIF. — Cassidy Turley BT Commercial San Francisco has brokered the $10.5 million sale of a 208-room Holiday Inn hotel property located at 399 Silicon Valley Blvd. in south San Jose. Built in 1990 and expanded in 1998, the three-story, 130,000-square-foot, full-service hotel includes the Summit Steakhouse, a heated pool and hot tub, a fitness room and a business center. Cassidy Turley’s Ric Russell represented both the buyer and seller in the transaction.