Operator News
Spain – Land sale for Hard Rock Entertainment World approved
By Phil - 6 March 2020
The purchase and sale of the land for the Hard Rock Entertainment World in Tarragona, España, has finally been approved.
Incasòl must make the purchase of the land, owned by a subsidiary of Criteria -Mediterranea Beach & Golf Community, for €120m. The departments of Economy and Finance and of Territory and Sustainability are authorised to “adopt the necessary measures” for the execution of the purchase and sale agreement. According to information published by La Vanguardia, Hard Rock promised to buy the land with the deadline set for May 5.
The public company Incasòl will acquire the land from Criteria – the investment holding company of La Caixa Bank – and then sell it to Hard Rock. With this now in place, the Hard Rock Entertainment World project will finally go ahead two years after the Generalitat of Catalonia awarded the licence in June 2017.
Hard Rock was the only candidate, with a proposal to build a casino, two hotels, an outdoor shopping area, catering spaces and facilities for live shows that will allow concerts for more than 15,000 people.
In May 2018 The Government of Catalonia declared via its Official Gazette that it had given Hard Rock Entertainment World permission to build a casino and leisure complex in Vila-Seca and Salou. The casino will be called Hard Rock Hotel & Casino Tarragona, España. The Hard Rock Entertainment World complex will include two hotels with over a thousand rooms, a large shopping area, along with entertainment facilities, and the casino. The casino could have as many as 1,200 slot machines and 100 table games making it one of the largest casinos in Europe. The company is reportedly planning to invest as much as €2bn into the scheme.
