Late last week, Codere and Hard Rock signed an agreement that involves land in Mexico. Codere is granting land to Hard Rock for a tourist complex to be built valued at around $1 billion. In return, Codere will be provided 40% of the holding company due to the land contribution, while the casino giant will maintain a 60% holding and be in charge of locating funding.
Potential Guitar-Shaped Hotel:
The Hard Rock brand is one of the most recognizable in the world, with their venues featuring rock ‘n’ roll memorabilia as well as guitar shaped items, including hotels. Reportedly, this land could be used by the brand to create their second guitar-shaped hotel.
The complex in Mexico City will have 48 floors and will include a betting space that will be ope…