Developers with Maryland Live Casino in Hanover broke ground Tuesday on the construction of a $200 million hotel on the property. The 350,000-square-foot complex will feature a 17-story hotel tower, making it the tallest building in Anne Arundel County, with luxury guest rooms, an event center, meeting spaces, new dining options, and a day spa/salon.
The 17-story, 310-room hotel and event center will be owned and operated by The Cordish Cos., which also owns the casino.
From The Capital Gazette,
“The major category we’re missing is a free hotel room,” said David Cordish, chairman of the Cordish Cos. “The major reason for this hotel far and away is to reward our loyal customers so they can stay overnight. The great bulk of the people will not be paying, they will be comped. The public who buys a room will get a very good deal but that’s not why we’re doing it.”
As for Anne Arundel, officials have championed the casino’s expansion, especially the county’s school system.
Currently, eight of the county’s high schools host their graduation ceremonies at the Equestrian Center in Upper Marlboro in Prince George’s. Severna Park High School hosts its ceremonies at the University of Maryland Baltimore County.
School officials have come out in favor of the project with the hopes those functions and others could be hosted at the building’s conference center.
A state consultant projected in 2013 that Maryland Live could lose 16 percent of its market share by 2019 after the opening of MGM National Harbor. Maryland Live currently draws from some of the same areas — including Prince George’s County and Northern Virginia — expected to patronize MGM. MGM says its casino will be a “destination” resort attracting more than half of its business from outside the state.
Cordish noted there also were dire predictions about the impact on Maryland Live of the opening of Horseshoe Casino Baltimore in 2014. But two months ago, Maryland Live reported $60.4 million in revenue, its second-highest total ever. Maryland’s five casinos have reported nine straight months of combined revenue gains compared to a year ago.
Cordish said his casino can distinguish itself because it is locally and family-owned.
He added: “MGM is a good competitor. Let the games begin.”
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