Foxwoods at Fairmont Puerto Rico has been announced that it will open by Mashantucket Pequot Tribal Nation and LionGrove partnership.
Gaming innovators, The Mashantucket Pequot Tribal Nation and hospitality private equity firm, LionGrove have confirmed the deal that will see the famous El San Juan Casino reopen as a Foxwoods at Fairmont..
Reopening of the casino
Both partners are excited about the redevelopment but equally about the reopening of Iconic nightclub and entertainment venue. The Club Topicoro has been graced by legends such as Frank Sinatra, Liza Minnelli, Tony Bennett and Sammy Davis Jnr.
The new casino will see a further $12.5 million of investment added to the recently renovated Fairmont . This will take the total investment to $137.5 million in enhancements across the resort.
The casino reopening and this investment is projected to generate an estimated $22 million back into the island. This projection is a based on the hope to create 360 new jobs across the region; 150 new jobs being created in the casino alone.
Launched in the 1960s. the El San Juan was considered one of the most exclusive destinations across the globe. Well known for its European design and opulent chandeliers and luxury mahogany panelled walls.
The Fairmont San Juan Hotel the casino is located on the beachfront of the award-winning beach, Isla Verde. Housed in over 15, 000 square feet the casino will feature 15 tables and 300 slot machines; to compliment the resort’s accommodation, amenities and customer service.
Commitment to the Fairmont at Foxwoods
Rodney Butler, Chairman of Mashantucket Pequot Tribal said that since acquiring El San Juan Hotel in 2015; they have been fully committed. In 2017 they completed a $65 million renovation of the Hotel. Then following Hurricane Maria, they invested $60 million into the restoration. As result, they then rebranded the hotel in January 2020 to Fairmont El San Juan Hotel.
Andro Nodarse-León, Founder and CEO of LionGrove claimed that this new partnership will make the the hotel more accommodating. In addition, it will become the most innovative casino on the Island at one of Puerto Rico’s most famous addresses.
The Honorable Pedro Pierluisi, Governor of Puerto Rico joined both parties for today’s press conference and announcement. He went on to express his full support of their plans and reiterated that this project will help to support the islands future economic development.
He also added that the tourism sector has been affected over the last year as a result of the Covid pandemic. However, with the introduction of vaccines and measures said that he is confident that the sector can offer a good opportunity for Puerto Rico’s economic development. He also confirmed that he is doing all that he can in preparing the island to encourage and reassure visitors so that tourist activity can be resumed and visitors encouraged back to the island.
General Manager of Fairmont El San Juan Hotel Kelley Cosgrove confirmed that she and the group are thrilled with the new partnership and can’t wait to welcome back guests from across the globe.