PRESS RELEASE
|
| |
New Tower at Trump Taj
Mahal to Open Fall 2008
|
|
| |
New Jersey Governor
Jon Corzine, Donald Trump, Ivanka Trump Celebrate
"Topping Off" of Tower Monday, March 31
|
|
| |
ATLANTIC
CITY, N.J., March 31 /PRNewswire-FirstCall/ -- Trump
Entertainment Resorts (NASDAQ:TRMP) celebrated a
milestone today when the final construction beam was put
in place during a topping off ceremony held at on the
outdoor promenade of the new tower at Trump Taj Mahal.
New Jersey Governor Jon Corzine, along with Trump
Entertainment Resorts, Inc. Chairman Donald Trump, Board
Member, Ivanka Trump, CEO Mark Juliano, Trump Taj Mahal
General Manager, Rosalind Krause, Atlantic City Mayor
Scott Evans, Melania Trump, and state, local government
leaders, members of the business sector and construction
workers were on hand to watch as the final beam was
hoisted 420' high above the promenade and put into
place, finalizing the exterior construction phase of the
project.
"This is a historic day for the Taj Mahal, as we keep
our promise to continue to invest in the future of the
industry, by developing our property into a year-round
destination that the leisure and business traveler can
choose from," said Rosalind Krause, General Manager of
Trump Taj Mahal. "Our brand offers a multitude of
experiences in our rooms, dining, entertainment,
shopping, amenities and much more."
As the tradition holds, the beam was signed by the
Governor, Mr. Trump and Ivanka Trump, Trump Executives,
government leaders and many others in attendance. The
final beam was then raised to the top of the glistening
tower, accompanied by an evergreen tree, symbolizing new
growth, and an American flag.
The new tower at Trump Taj Mahal is expected to open
with approximately 400 rooms on the first twenty floors
in early September 2008. An estimated 100 rooms will be
added each month until all rooms are completed by the
end of December 2008.
"This is a critical investment for our company, as we
upgrade our facilities and expand our hotel capacity to
create a destination-based model and accommodate
additional, higher value customers," said Mark Juliano,
CEO of Trump Entertainment Resorts, Inc. "The
distinctive architectural design of the tower was driven
by the desire to create ocean and bay views from nearly
every vantage point while preserving land to develop
future towers, and the accommodations are being created
to offer a true luxury resort experience."
The tower is planned to feature 782 guest rooms,
including 74 suites. Four of the suites will be luxury
suites with the same style of amenities and service
available in The Penthouse Suites at the Taj Mahal.
All of the rooms in the new tower were designed with the
business and leisure traveler in mind. Larger rooms with
higher ceilings and modern bathrooms include double
sinks recessed into Brazilian granite counter tops,
oversized walk-in showers with water closets in a
separate room and other amenities, which were planned to
offer guests a luxurious residential experience during
their stay. Each room will be equipped with a 50" hi-
definition plasma TV, iPod(R) docking station, wireless
internet access and more.
Contemporary rooms will range in size from 425 square
feet to 550 square feet, with the majority of the rooms
at approximately 480 square feet. Three distinct
standard room layouts will be available and each room
will feature upgraded comforts and amenities, including
large bathrooms and the latest technologies and trends.
All rooms will be appointed with a desk, two chairs and
a concealed coffee service area, as well as pillow-top
mattresses, premium linens, a refrigerator and a safe.
Four layouts have been planned for the comfort of guests
staying in the new suites. The most common suite layout
will feature a living room and dining area, with one
bedroom and private bath. They will range from 950
square feet to 1,140 square feet and feature floor to
ceiling windows for spectacular views of the ocean. Each
suite will also offer a powder room just off the living
room area, as well as a wet bar.
Eight suites will top off the tower at Trump Taj Mahal.
Four of the suites will contain one bedroom and range
from 950 to 1,140 square feet. The additional four
suites will be two bedroom suites, with two suites
measuring 2,100 square feet and the remaining two 1,850
square feet.
Three handsomely designed meeting rooms will be located
in the tower at Trump Taj Mahal, just off the elevator
lobby. Each will contain approximately 1,200 square feet
of space.
The tower will be connected to the original tower via
the Spice Road level. Guests will check in at the
existing front desk and proceed to the second level to
access The tower at Trump Taj Mahal.
Approximately 200 additional staffing positions are
planned to meet the needs of the new tower, with the
majority of them being hotel service team members.
The principal architect for the tower at Trump Taj Mahal
is The Friedmutter Group of Las Vegas, NV, Joe Emanuele,
Vice President, Atlantic City Project Architect.
Interior design was spearheaded by Calvin Dix and Katie
Adams of Hirsch Bedner Associates located in Santa
Monica, California. The color palette consists of rich
browns, golds and red tones, creating a warm and
contemporary atmosphere.
"We are excited to work with a casino hotel who wants to
provide a contemporary and elegant interior for their
guest. Together, we have meticulously planned every
detail of the new tower, even designing a custom door,
which we thought was important as the guest experience
begins at the front door to the suite," noted Calvin
Dix, interior designer with Hirsch Bedner Associates.
"The furniture and finish selections for the suites were
inspired by an 'Asian chic' concept which fuses the
spice colors of India with a contemporary clean line
design. The granite counter tops sourced from Brazil
will be complimented by bright chrome accents and modern
bath fittings, creating an exotic and luxurious bathroom
experience," he added.
Bovis Lend Lease is overseeing the construction of The
tower. The group has a presence in over 40 countries,
headed by regional hubs in the UK, Australia and the
U.S. Key sectors include commercial, retail,
residential, communications, industrial and
pharmaceutical.
The estimated total cost of construction is $255
million. For more information log on to
www.trumpcasinos.com.
About Trump Entertainment Resorts, Inc.
Trump Entertainment Resorts, Inc. is a leading gaming
company that owns and operates three properties. The
company's properties are Trump Taj Mahal Casino Resort
and Trump Plaza Hotel and Casino, located on the
Boardwalk in Atlantic City, New Jersey, and Trump Marina
Hotel Casino, located in Atlantic City's Marina
District. The Company is the sole vehicle through which
Donald J. Trump, the Company's Chairman and largest
stockholder, conducts gaming activities and is separate
and distinct from Mr. Trump's real estate and other
holdings.
PSLRA Safe Harbor for Forward-Looking Statements
and Additional Available Information
The Private Securities Litigation Reform Act of 1995
provides a "safe harbor" for forward-looking statements
so long as those statements are identified as
forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that
could cause actual results to differ materially from
those projected in such statements. All statements and
information concerning plans, expectations, estimates
and beliefs, as well as other statements including words
such as "anticipate," "believe," "plan," "estimate,"
"expect," "intend," "will," "could," "optimistic," "can"
and other similar expressions, constitute
forward-looking statements under the Private Securities
Litigation Reform Act of 1995. In connection with
certain forward- looking statements contained in this
release and those that may be made in the future by or
on behalf of Trump Entertainment Resorts, Inc., the
Company notes that there are various factors that could
cause actual results to differ materially from those set
forth in any such forward-looking statements.
The forward-looking statements contained in this release
reflect the opinion of management as of the date of this
release and are qualified by, and subject to,
significant business, economic, competitive, regulatory
and other uncertainties and contingencies, all of which
are difficult or impossible to predict and many of which
are beyond the control of the Company. Accordingly,
there can be no assurance that the forward-looking
statements contained in this release will be realized.
Readers are hereby advised that developments subsequent
to this release are likely to cause these statements to
become outdated with the passage of time or other
factors beyond the control of the Company. The Company
does not intend, however, to update the guidance
provided herein prior to its next release or unless
otherwise required to do so. Readers of this release
should consider these facts in evaluating the
information contained herein. In light of the foregoing,
readers of this release are cautioned not to place undue
reliance on the forward-looking statements contained
herein. Additional information concerning the potential
risk factors that could affect the Company's future
performance are described from time to time in the
Company's periodic reports filed with the SEC,
including, but not limited to, the Company's Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q.
These reports may be viewed free of charge on the SEC's
website, www.sec.gov,
or on the Company's website,
www.trumpcasinos.com.
Source: Trump Entertainment Resorts, Inc.
CONTACT: Mary Moyer, Public Relations Manager,
+1-609-449-6437
Web site:
http://www.trumpcasinos.com/
|
|
|
|
