MTR Gaming Group to Manage New Wyndham Hotel Group Property at Presque Isle Downs & Casino
April 10 2012 - 8:00AM
Business Wire
MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that it
has entered into an agreement with BT Management LLC to manage and
operate a new Baymont Inn and Suites adjacent to its Presque Isle
Downs & Casino property in Erie, Pennsylvania. BT Management
LLC, which has a franchise agreement with Wyndham Hotel Group, will
build the hotel.
The new Baymont Inn and Suites hotel will have approximately 100
rooms and suites, and is scheduled to break ground in June 2012 for
an expected opening in spring 2013.
"We are excited to be working with Wyndham Hotel Group, the
world’s largest hotel company," said Jeffrey J. Dahl, President and
Chief Executive Officer of MTR Gaming Group, Inc. "We believe the
new Baymont Inn and Suites will only enhance the Presque Isle Downs
& Casino experience for our customers as well as provide the
potential to drive additional visitation to the Erie region, and we
look forward to managing the property upon completion of its
construction.”
“The agreement with MTR Gaming allows us to work with the
already successful Presque Isle Downs & Casino, and positions
the new Baymont Inn and Suites hotel for success,” said Lou Reda,
Franchise Development Director for Wyndham Hotel Group.
Presque Isle Downs & Casino features slots, table games,
live poker, entertainment and horse racing. The casino features the
latest technology and amenities designed for guest comfort and
expectations. The property also has four restaurants, including the
award-winning Sensory 3 and the Downs Clubhouse and Lounge, which
has more than 200 flat-screen TVs and a spectacular seating section
for live horse race viewing.
About MTR Gaming Group
MTR Gaming Group, Inc. is a hospitality and gaming company that
through subsidiaries owns and operates Mountaineer Casino,
Racetrack & Resort in Chester, West Virginia; Presque Isle
Downs & Casino in Erie, Pennsylvania; and Scioto Downs Casino
& Racetrack in Columbus, Ohio. For more information, please
visit www.mtrgaming.com.
About Wyndham Hotel Group
Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE: WYN)
family of companies, is the world’s largest hotel company with
7,205 hotels and approximately 613,100 rooms in 66 countries under
the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®,
Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel
Inn & Suites®, Hawthorn Suites® by Wyndham, TRYP by Wyndham™,
Howard Johnson®, Travelodge® and Knights Inn®. In addition, the
company has license agreements to franchise the Planet Hollywood
Hotels, Dream® and Night® brands and provide management services
globally.
All hotels are independently owned and operated excluding
certain Wyndham and TRYP by Wyndham hotels as well as certain
international Ramada, Days Inn and Super 8 hotels, which may be
managed by one of the affiliates of Wyndham Hotel Group. Wyndham
Hotel Group is based in Parsippany, N.J. Additional information is
available at www.wyndhamworldwide.com. For more information about
hotel franchising opportunities visit www.whgdevelopment.com.
Forward-Looking Statements
Except for historical information, this press release contains
forward-looking statements. Such statements are subject to a number
of risks and uncertainties that could cause the statements made to
be incorrect. Those risks and uncertainties include factors
described in the Company’s periodic reports filed with the
Securities and Exchange Commission. The Company does not intend to
update publicly any forward-looking statements, except as may be
required by law. The cautionary advice in this paragraph is
permitted by the Private Securities Litigation Reform Act of
1995.
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