After spending about three years assembling the land, Cordish Cos. has submitted plans to build a $2.2 billion entertainment resort district in Spain, as the family-owned Baltimore firm looks to international markets to expand its gaming division.
The proposed project near Madrid, which would stretch over more than 300 acres, is the first of several the firm is exploring outside the United States as the domestic gambling market gets more crowded, said David Cordish, chairman and CEO of the company, which is known locally for Power Plant Live and the Maryland Live Casino.
Cordish partners presented the plan to Madrid’s regional government this week. The development is expected to include as many as 2,700 new hotel rooms — three hotels with spas and lagoons are in the initial plan — as well as shopping outlets, dining, entertainment venues for theater and comedy, and office space.
Read the full article from The Baltimore Sun.