US – TJM completes purchase of Harrah’s TunicaBy Phil - 8 February 2016
The owner of TJM Properties of Clearwater, Florida, has now completed its purchase of Harrah’s Tunica, a 2,000-acre resort complex in Tunica, Mississippi.
Known as the South’s Casino Capital, Tunica is a prominent tourist, gambling and entertainment destination, located on the Mississippi River. The area is home to world class casinos, 6,000 hotel rooms, fine dining restaurants, luxury spas and championship golf and tennis facilities. The property was purchased from Caesar’s Entertainment Corporation.
“Plans to sell all or part of the property are underway,” according to Terence McCarthy of TJM Properties.
The expansive parcel consists of two hotels featuring 600 guestrooms and suites, a 45,000 square foot convention complex, an 800-acre Hunting Lodge, 200-unit RV park and club house, a 10,000 square foot kids’ center, an 18-hole golf course & clubhouse, a large commercial laundry facility, office and warehouse buildings, and hundreds of acres of farm land.
“We have a number of offers for all of the parcels of the property, and several parties expressed interest in purchasing the entire resort,” Mr. McCarthy added. “We are finalising our plans on what we may keep and what we will sell and will be reviewing all these offers in the coming weeks.”