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Former MGM Mirage President Heads Up Tropicana Las Vegas
Hospitality Design
July 6, 2009
Onex Corp., a Canadian-based private equity firm, and Alex Yemenidjian
have acquired a majority stake in the Tropicana Las Vegas Hotel and
Casino following its emergence following bankruptcy. Yemenidjian, the
former president of MGM Mirage, was named chairman and CEO of
Tropicana. Onex plans to invest $75 million to renovate the 1,850-room
property; updates will begin this year with a targeted completion date
of 2010.
http://www.hdmag.com/hospitalitydesign/con tent_display/industry-news/e3if52b9a5b28d70b338dc2 c66b3ea90cd5?imw=Y
Hospitality Design
July 6, 2009
Onex Corp., a Canadian-based private equity firm, and Alex Yemenidjian
have acquired a majority stake in the Tropicana Las Vegas Hotel and
Casino following its emergence following bankruptcy. Yemenidjian, the
former president of MGM Mirage, was named chairman and CEO of
Tropicana. Onex plans to invest $75 million to renovate the 1,850-room
property; updates will begin this year with a targeted completion date
of 2010.
http://www.hdmag.com/hospitalitydesign/con tent_display/industry-news/e3if52b9a5b28d70b338dc2 c66b3ea90cd5?imw=Y