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Myanmar Airways International Commences Revenue Flights with Embraer E190

Myanmar Airways International’s (MAI) first E190 commenced operations from Yangon yesterday, operating four flights throughout the day.  In addition, MAI’s second E190 is due to arrive in the country on 23 December 2020 and the airline will expand its E190 routes to include nine destinations across the country, upgauging from the turboprops used by its sister airline Air KBZ.

MAI has also signed on for Embraer’s Pool Program – a program enrolled by all E-Jet operators in Asia Pacific. There are now four new E-Jet operators in Asia Pacific (ex. China) since the start of 2020.

“Our pilots, cabin crew, maintenance crew and our staff are proud to take MAI’s E190 to the skies and to serve our passengers with an enhanced flying experience,” said Saravanan Ramasamy, Chief Executive Officer of MAI. “We look forward to a productive partnership with Embraer. The operation of the E190 marks yet another important milestone in MAI’s fleet expansion strategy and domestic jet network growth. As the demand grows, we plan to scale up the frequency of our E190 operations to eight flights a day.”

“The commencement of Myanmar Airways International’s E190 flights will enhance connectivity in Myanmar,” said Raul Villaron, Asia Pacific Vice President for Embraer Commercial Aviation. “The airline will benefit from the performance and efficiency of the aircraft and generous cargo capacity. Passengers will appreciate the comfort in the cabin. Myanmar Airways International can operate with full confidence that our excellent service and support team are here to support them.”

In preparation for the E190 operations, eight MAI pilots underwent the month-long Initial Pilot Training in September 2020 in Zhuhai, China. Separately, Embraer conducted the license-engineer type course for MAI’s engineers.  Embraer’s Pool Program, which MAI has enrolled in offers full repair coverage for components and parts, airframe maintenance, and unlimited access to a large stock of components at the company’s distribution centers. Operators benefit from significant savings on repair and inventory costs, reduction in required warehousing space and resources required for repair management, while ultimately providing guaranteed performance levels. Singapore is the base for Embraer’s warehouse in the Asia Pacific region.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,600 aircraft have been delivered. Today, E-Jets are flying in the fleet of more than 80 customers in some 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Alstom Wins Contract to Build Toulouse Metropole Third Line

Alstom has been awarded the contract by Toulouse Metropole for the system for the third and new 27 km metro line, called Toulouse Aerospace Express, for the sum of more than €470 M. The contract could eventually be worth €713 M, including all options. The line consists of 21 stations and will serve the aviation labour pool.

The firm tranche of the order guarantees a transport capacity of 5,000 passengers per hour in each direction (pphpd), with options for up to 10,000 pphpd. It includes Alstom’s efficient, proven “Systems” solutions: Metropolis™ trains and Urbalis™ 400 CBTC solution for driverless operation and Hesop™ reversible substations. The scope also includes platform screen doors, including a dynamic system for load indication, and the track including the laying with the automated solution Appitrack™. Finally, the firm tranche of the order includes six years of maintenance, with 12 years of maintenance as an option.

“This order is excellent news for Alstom and I would like to thank Tisséo and Toulouse Metropole for their confidence! Alstom has submitted a very competitive system offer, while proposing its latest technologies and innovations on the various subsystems (vehicles, signalling, infrastructure and power supply). This order will enable us to continue developing our skills in France in all these areas, as well as our presence in the region of Occitanie, already in full expansion with our centres of excellence for Electrical component’in Toulouse and traction in Tarbes, and soon the Line 3 project team. We’ll also be calling on a number of local partners,” says Jean-Baptiste Eyméoud, President of Alstom in France.

The city of Toulouse is renowned for its economic vitality and the quality of life of the surrounding region. The Toulouse Aerospace Express project is part of a drive to increase the city’s appeal with the help of sustainable, inclusive mobility.

Alstom will contribute to the economic vitality of the local area with its site in Toulouse, which will be the nerve centre of the project. The site will consequently be developed for the construction and maintenance activities, thereby promoting local employment. In total, more than 600 people in France will work on this project, including up to 400 people in the Toulouse metropolitan area at the peak of the activity. 80% of the hours spent working on this project will be in France and 55% directly in the region of Occitanie. Jobs will also be created with our suppliers in France and in the city of Toulouse for the activities of installation, infrastructure and system deployment.

Alstom’s integrated Systems solution provides a highly mature, efficient and comfortable transport offer, designed with maximum operability and reliability in mind, with record availability of 99.8%. Alstom has a global leadership position and fully proven experience in the successful construction, commissioning and delivery of new integrated metro systems, as well as in their safe, reliable and efficient operation. Alstom can boast more than 65 years’ experience, having sold over 17,000 metro cars that carry 30 million passengers every day operate in 55 cities around the world. One of the most recent successes for Alstom in integrated metro projects being the 15-kilometre-long Dubai Metro Route 2020, completed and delivered in July 2020

The design selected for the system and the metro makes it possible to propose a solution that minimises waiting time in stations, with reduced traffic frequency from the moment of entry into service, but which, by increasing the number of metro cars from 2 to 3, increases the transport offer to 15,000 passengers per hour in each direction, without modifying the infrastructure. Indeed, Alstom will design the system to be able to go up to 15,000. The base contract is for 5,000 with options to go up to 10,000.

The rolling stock belongs to the Métropolis™ range of trains. It benefits from the innovations and continuous improvement brought to this product for more than 15 years, through numerous R&D programmes and contracts executed throughout the world. This state-of-the-art metro has been designed to improve passenger experience as well as reconcile performance, energy efficiency and ease of maintenance, in order to control costs throughout its life cycle.

For passengers, as it is a new line, the train will be characterised in particular by increased volumes on board and large openings to the exterior. The experience of the journey will be made more pleasant with an atmosphere that is air-conditioned and quiet, LED lighting that adjusts to travel conditions, reinforced air filtration and antibacterial coatings on the handholds for a healthier interior.

Travel will be made easier from the moment you step on board, with, for example, platform facades indicating the density of people on board the cars.

Urbalis™ 400 is a proven, efficient CBTC (Communication Based Train Control) automatic operation solution, in commercial service in many cities around the world. Deployed or in the process of being deployed on more than 100 metro lines, notably in Lyon and Marseille, Urbalis 400™ is a generic solution, managed as a platform, to ensure optimum safety and reliability as well as long-term durability. The solution has also demonstrated its operational robustness and modular capabilities, enabling it to control sensitive interfaces such as those of the train or the centralised control centre.

The transport system solution provided by Alstom has also been designed to reduce operational costs, achieving major energy savings through a combination of reversible Hesop™ substations with regenerative braking, efficient traction and braking systems and improved CBTC automatic train control strategies.

And finally, the project also includes the construction of a rail track that reduces friction and fine particles to a minimum, thanks to steel-on-steel operation and offers guaranteed performance over time.

With this contract, Alstom is making a long-term commitment to mobility in Toulouse by ensuring the construction and maintenance of this third line on behalf of Tisséo.

Fly Leasing Closes New $180 Million Term Loan

DUBLIN, Ireland – Fly Leasing Limited (NYSE: FLY), a global leader in aircraft leasing, today announced it has closed a new $180 million Term Loan (the “2020 Term Loan”). The interest rate on the five-year term loan is LIBOR plus 6.00% with a 1.00% LIBOR floor. The financing was issued at an original issue discount of 4.5%. The 2020 Term Loan will be secured by 11 narrowbody aircraft owned by FLY and its subsidiaries, four of which are unencumbered and seven of which are currently financed in FLY’s 2012 Term Loan. The proceeds will be used for general corporate purposes.

“FLY is enhancing its liquidity position with the successful completion of a new $180 million term loan that attracted strong demand from a robust group of institutional lenders,” said Colm Barrington, CEO of FLY. “FLY does not have any aircraft orders or other foreseeable capital commitments. Additionally, FLY only has three aircraft remaining to be remarketed in 2020, representing 2.4% of net book value.”

Following completion of the financing of the collateral pool under the 2020 Term Loan and the anticipated transfers of certain unencumbered aircraft into the 2012 Term Loan, FLY will have a total of nine unencumbered narrowbody aircraft with a net book value of $204 million.

Air Peace Signs a Firm Order for Three additional E195-E2 Jets

Dubai, UAE, November 17th, 2019 – Embraer announced today, at the Dubai Air Show, that Air Peace, Nigeria and West Africa’s largest airline, has signed a contract for three additional E195-E2s, confirming purchase rights from the original contract, signed in April this year. These new E195-E2s will be included in Embraer’s 2019 fourth-quarter backlog and have a value of USD 212.6 million, based on Embraer’s current list prices.

Set to be the first E-Jets E2 operator in Africa, Air Peace’s firm order, announced in April this year, is now for 13 E195-E2s with 17 purchase rights for the same model. The first delivery is scheduled for the second quarter of 2020.

“The E195-E2 is the perfect aircraft to expand our operations in Africa and this new order is a further confirmation of our ‘no-city-left-behind initiative which we shall continue to execute”, said Air Peace Chairman/CEO, Mr. Allen Onyema. He added, “We are receiving impressive data about the aircraft’s economics now that is in revenue service, and this was a driver to place this new firm order with Embraer. We look forward to receiving our first aircraft, which will enhance connectivity in Nigeria and the African region, while feeding long-haul flights from our Lagos hub.”

“Air Peace will love the aircraft’s efficiency and the passenger will experience an unparalleled level of comfort, especially in first class – Air Peace is the launch customer for Embraer’s new premium staggered seating option”, said Raul Villaron, Vice President Sales, Africa and Middle East, Embraer Commercial Aviation. “We look forward to supporting Air Peace’s growing E2s fleet and to deepening our fruitful partnership.”

Air Peace subsidiary, Air Peace Hopper, started operating six ERJ145 jets last year on short thin routes. That experience with Embraer’s products and services, including the pool programme, and the undeniable economic benefits of right-sizing aircraft for the mission, was a key factor in selecting the E2.

Air Peace’s E195-E2s will be configured in a comfortable dual class arrangement with 124 seats. Air Peace operates more than 20 local, regional, and international routes and has strategic plans to expand those routes.

Embraer is the world’s leading manufacturer of commercial jets up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 deliveries, redefining the traditional concept of regional aircraft.

Embraer Welcomes Amaszonas to the E-Jets Family

São José dos Campos, Brazil, October 15, 2019 – Amaszonas Línea Aérea of Bolivia is the newest Embraer E-Jet operator. The airline started flying an E190 today between Santa Cruz de la Sierra’s Viru Viru Airport and La Paz. Amaszonas is adding a total of six E190s to its fleet. The airplanes will fly to several domestic and international destinations.

“We have been working with Amaszonas for a long-time. To see the E190 flying in the airline’s colors is really rewarding for Embraer,” said Reinaldo Krugner, Vice President, Latin America & Caribbean, Embraer Commercial Aviation. “The E190 is the ideal aircraft to support the airline’s growing capacity in a very disciplined way. Amaszonas is taking advantage of the E190’s low operating cost.”

The first two E190s are leased from GECAS and configured with 112 seats in a single class layout. The other four aircraft will be leased from CDB Leasing and have 110 seats in a single class layout. The airline will also operate the E190s at Montevideo’s Carrasco International Airport in the future.

“The range of the E190 allows us to replace our smaller regional jets and support our expansion plans in Bolivia and Uruguay,” Sergio de Urioste, President & CEO of Amaszonas Línea Aérea. “Our E-Jets give us the flexibility we need to add more frequencies and destinations. We know our passengers are going to love the comfort of the E190 cabin.”

Embraer and Amaszonas have also signed a Flight Hour Pool Program agreement until 2024 to provide repairable component support for the carrier’s fleet of up to six E190s. The multiyear program features both the Pool Program and repair management services for the carrier’s fleet of E-Jets, including material services engineering and advanced component exchanges from Embraer’s spare parts distribution center in Fort Lauderdale, Florida.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers across the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleets of 80 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline network carriers.

Fuji Dream Orders Two E175’s to Add to its All-Embraer Fleet

Paris, France, June 18, 2019 – Embraer announced today, at the 53rd International Paris Air Show, that it has signed a contract with Japan’s Fuji Dream Airlines (FDA) for a firm order of two E175 jets. The order has a value of USD 97.2 million, based on 2019 list prices, and was already included in Embraer’s 2019 first-quarter backlog as “undisclosed.”

“We are extremely pleased to continuously grow our fleet and our relationship with Embraer,” said Yohei Suzuki, Chairman and CEO of Fuji Dream Airlines. “FDA currently operates 14 aircraft – three E170s and eleven E175s. These new aircraft will give us the ability to grow our capacity, allowing us to add more routes and frequencies, while also offering our passengers the best cabin in its category.”

FDA’s new E175s will be configured in a single-class layout with 84 seats, with deliveries starting in 2019. Embraer delivered the first E-Jet, an E170, to Fuji Dream Airlines in 2009.

“After nearly 10 years of operations, Fuji Dream Airlines has established itself as an exemplary model for sustainable growth with the support of the E175’s unrivaled attributes underpinning the success of their continued network expansion with new point-to-point services,” said Cesar Pereira, Asia Pacific Vice President, Embraer Commercial Aviation. “As a testament to Embraer’s merits, there will be a total of 48 E-Jets flying in Japan by the end of 2019. Of which, FDA’s all-Embraer fleet of 14 aircraft represents the largest of its kind in Asia and has a world leading 99.83% dispatch reliability – yet another example of how Embraer’s products and customer support have been setting new standards in the industry.”

The E175 is the best seller of the E-Jets family with more than 770 orders from airlines and lessors around the world. Since January 2013, Embraer has sold more than 565 E175s to airlines in North America alone, earning more than 80% of all orders in the 70-76-seat jet segment.

FDA and Embraer have also signed an extension of the Pool Program to cover its fleet of E170s and E175s, including these new orders. The program includes the advance exchange and repair management for more than 300 essential line replacement units of the aircraft.

Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,500 aircraft have been delivered. Today, E-Jets are flying in the fleet of 75 customers in 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.

Embraer Signs Contract to Support Air Astana E2 Jet Fleet

Amsterdam, The Netherlands, February 13th, 2019 – Embraer and Air Astana, a flag carrier of Kazakhstan, have reached a multiyear agreement on a Flight Hour Pool Program to support the component needs for the airline’s new E2 fleet, Embraer’s second generation of the E-Jets family of commercial aircraft.

The E2’s entry into service marks the beginning of Air Astana’s fleet renewal. Currently the airline operates a fleet of nine E190s aircraft, the first of which was delivered in 2011, when the airline joined Embraer Pool Program. Now, with the extension of the pool program for the new E190-E2s, Air Astana have extended their trust in our strong partnership.

Air Astana took delivery of its first E190-E2 jet in December 2018 and flies the new aircraft on domestic and Commonwealth of Independent States (CIS) routes. The airline will receive four additional E190-E2s in 2019, with the last of the five aircraft, all of which are leased by AerCap, being delivered in the final quarter of 2019.

The Pool Agreement for the airline’s E190-E2 fleet will cover unlimited access and full repair coverage for more than 325 components with almost a third of them exclusively placed at airline’s main base to ensure high fleet availability.

“We are proud that Air Astana has chosen to place its trust in us to support its new E2 fleet, further reinforcing Embraer’s commitment to customers in the region with TechCare portfolio of solutions. It is a strong endorsement for the program and Embraer services, proving customers loyalty to the state of the art support of the OEM (Original Equipment Manufacturer) with a competitive value,” said Johann Bordais, President and CEO of Embraer Services & Support.

“The support of the OEM is a natural fit for Air Astana as we transition into our new fleet of Embraer’s second generation of E-Jets. This was fundamental in our decision to join the program, which will allow us to upkeep our daily operations as it offers cost effective and practical solutions, guaranteeing efficiency and competitive results,” said Peter Foster, CEO of Air Astana.

Embraer’s Flight Hour Pool Program, which currently supports more than 40 airlines worldwide, is designed to allow airlines to minimize their upfront investment on expensive repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the elimination of resources required for repair management, while ultimately providing guaranteed performance levels.

The E190-E2 is the first of three new aircraft types that will make up the Embraer E2 family of aircraft developed to succeed the first-generation of E-Jets. Embraer Services & Support has implemented the E2 Pool Program to support operators from the very first day of delivery. Widerøe, the largest regional airline in Scandinavia and launch customer for the E190-E2, received its first E2 aircraft on April 2018. Currently, 100% of the delivered E2 E-Jets are supported by the program.

This Pool Program is part of a suite of services that Embraer offers to support the worldwide growing fleet of Embraer aircraft through TechCare, the new Embraer platform that assembles the entire portfolio of products and solutions to deliver the best experience of services and support.

Embraer Signs Contract to Support Germany’s WDL Aviation E190s fleet

Amsterdam, The Netherlands, February 7th, 2019 – Embraer and WDL Aviation GmbH, a German charter and ACMI airline headquartered at Cologne Bonn Airport and part of the Zeitfracht logistics group, have signed an agreement on a Flight Hour Pool Program to support the airline’s recently leased fleet of four used E190s.

WDL, which becomes a new Embraer E-Jet family customer in 2019, leased the aircraft to replace their current fleet. They will start flying the E190s from March 2019.

The Pool Agreement, which will be in effect during the duration of the lease, covers access to a large stock of components at Embraer’s distribution center in Paris (France), full repair coverage and a selected list of essential components, parts and services to support the start of aircraft operations.

WDL Aviation is a leading provider of ACMI (Aircraft, Crew, Maintenance, Insurance) services in Europe. With the Pool Program, part of the TechCare suite of services that Embraer offers to support the growing fleet of Embraer aircraft worldwide, WDL will have the flexibility to access the parts and support the fleet quickly.

“It’s great to welcome WDL Aviation and provide efficient services and support solutions to their Embraer fleet. Our mission is to keep our customer happy every day and to also ensure the satisfaction of their end customers. This makes our portfolio the most competitive, setting the market’s highest standards”, said Johann Bordais, President & CEO, Embraer Services & Support.

“Support directly from the OEM is a huge advantage and we are looking forward to working with Embraer. This partnership fits naturally with the company’s growth strategy as it leverages increased competitiveness providing repairable solutions through reduced lead times and costs, guaranteeing our daily operations and customer satisfaction”, said Walter Böhnke, managing director of WDL Aviation.

Embraer’s Flight Hour Pool Program, which currently supports more than 40 airlines worldwide, is designed to allow airlines to minimize their upfront investment on expensive repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the elimination of resources required for repair management, while ultimately providing guaranteed performance levels.

This Pool Program is part of a suite of services that Embraer offers or has under development to support the worldwide growing fleet of Embraer aircraft through TechCare, the new Embraer platform that assembles the entire portfolio of products and solutions to deliver the best experience of services and support.

Caesars Announces First Republic Branded Hotel

Caesars Republic Scottsdale to Break Ground in Second Half 2019

LAS VEGAS, January 28, 2019 – Caesars Entertainment Corporation (NASDAQ: CZR), the world’s most diversified casino-entertainment company today announced plans to open Caesars Republic Scottsdale, its first non-gaming hotel in the United States, as part of its plan to expand its brands and loyalty network through its licensing strategy.

Caesars Republic Scottsdale will be located adjacent to the region’s premier luxury retail destination, Scottsdale Fashion Square, and will be a four-star hotel developed by HCW Development and operated by Aimbridge Hospitality. Caesars Entertainment will license its brand, advise on design elements and integrate the industry’s leading loyalty network Total Rewards.

“Caesars Republic Scottsdale represents the introduction of a new world class brand and further progress on our strategy to expand our non-gaming business into premier destinations,” said Caesars Entertainment President and Chief Executive Officer, Mark Frissora. “This project will be our first non-gaming asset in the United States and demonstrates the global strength of the Caesars brand. We look forward to partnering with HCW Development and Aimbridge Hospitality to create a world-class experience in one of the nation’s most desirable communities.”

This modern 11 story glass structure with 266 rooms will be developed at the intersection of North Goldwater and East Highland Avenue. This high-profile location will allow the Caesars Republic Scottsdale guests the ability to walk to the state’s most elegant mall.

The interior décor will feature rich textures and strong architecture, juxtaposing soft curves and bold accents in a chic and classy lobby, with designs curated throughout the guest rooms. The first-floor bar will be the spot for an after-work cocktail or glass of wine after a day of shopping. The signature restaurant will feature a sophisticated, high-energy environment that will synergize with surrounding trade areas, catering to both locals and hotel guests alike. There will be an abundance of outdoor seating on the patio with fantastic views of Camelback Mountain. In addition, there will be a coffee shop, ideal for a casual business breakfast or as a grab-and-go option for those on the run.

The guest room experience will set the standard for rooms and amenities in Scottsdale. In addition to the mixture of kings, double queens, one and two-bedroom suites, the hotel will also feature a bridal suite, and on the 11th floor, five luxury entertainment suites. On the second floor, there are five breakout rooms which will accommodate up to 40 people each or can be opened for events up to 200. The second-floor executive board room is capable of seating 16 at a permanent table.

Caesars Republic Scottsdale will house a 7,000-square foot column-free ballroom with 34-foot sliding glass doors which open out onto the adjacent lawn, suitable for outdoor events for up to 600 people. The ballroom is divisible into four sections and can accommodate banquets up to 500. The ballroom’s LED lighting system will allow event organizers to customize the look and feel of their event with the ability to change the ceiling color.  Additionally, the ballroom will feature a cutting-edge sound, internet and audio-visual system.

The most stunning part of Caesars Republic Scottsdale will be the 7th floor, encompassing a rooftop pool and bar – the only rooftop pool in Scottsdale – featuring breathtaking views of Camelback Mountain.  The pool will host activities such as yoga at 9 and champagne at 11. The rooftop bar will feature specialty drinks by HCW’s award-winning mixologist. There will be weekend brunches and lively afternoon energy year-round. This area will also serve as private event space for exclusive groups or company events. Adjacent to the pool will be the hotel’s state-of-the-art fitness center.

“We are very excited to work alongside our new partners to introduce the Caesars Republic brand to the world,” said Richard Huffman, Chief Executive Officer and President of HCW Development. “Scottsdale is a vibrant community and we are confident that this high-end facility will provide a truly unique and dynamic experience to both locals and guests traveling from afar.”

Caesars Republic offers a new kind of lifestyle hotel experience; the first brand from Caesars Entertainment designed exclusively for non-gaming hotels. Caesars Republic is a brand with an edge: it inspires the imagination, pushes creative boundaries, and collaborates with trendsetters.

The brand pays homage to the dynamic energy of Las Vegas – celebrating rebellious spirits and beckoning its guests to unleash their alter egos. Just as all republics are social in nature, Caesars Republic incorporates thoughtful details and brand rituals to facilitate connections among its guests.

No two hotels within the brand will be exactly alike – everything from the décor to the culinary offerings are inspired by local traditions and tastemakers. Caesars Republic taps into the unique pulse of each host city, amplifying its energy and culture.

“We are honored to partner with Caesars Entertainment and add a hotel with the iconic Caesars brand to our management portfolio,” said Aimbridge Hospitality President and Chief Operating Officer, Robert Burg. “We share Caesars’ commitment to operating excellence and look forward to managing Caesars Republic Scottsdale.”

Scottsdale is an ideal market for the introduction of the Caesars Republic brand. Scottsdale hosted an estimated 4.5 million overnight visitors and 4.4-million-day trip visitors in 2017. Caesars Republic Scottsdale will be located just north of Scottsdale Fashion Square. Owned and operated by Macerich (MAC), Scottsdale Fashion Square features an elevated luxury wing anchored by Neiman Marcus, plus a new flagship Apple, and more than 200 shopping and dining options including market exclusives Saint Laurent and a recently announced Nobu.

“Our market-dominant Scottsdale Fashion Square is the natural home for the innovative new Caesars Republic hotel concept,” said Ed Coppola, President, Macerich. “The addition of this exciting new hotel is part of the next phase of development for our exceptional mixed-use property, which also will introduce Class A office space and upscale residences to bring even more value to this one-of-a-kind destination.”

This announcement follows the late 2018 opening of Caesars Entertainment’s two beachfront luxury resorts and beach club on Meraas’ Bluewaters Island in Dubai. Additionally, Caesars announced plans last year to develop a non-gaming Caesars Palace resort along the coast of Puerto Los Cabos, Mexico.

About Caesars Entertainment Corporation

Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit, visit www.caesars.com/corporate.

Project team currently includes BRP Architect firm out of Springfield, MO; Studio 11 Interior Design from Dallas, Texas; Transaction handled by LeDonna Spongberg of CBRE’s Phoenix office.

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