The partnership consists of HR LP Investor, owned by Hard Rock International and RCR Investor, owned by Rideau Carleton Raceway Holdings Limited.
Pending required approvals, Hard Rock International and RCR plan to potentially invest more than US$ 320 million during a multi-phase construction process to ultimately create an electrifying, integrated entertainment destination incorporating thrilling nightlife, world-class gaming, decadent cuisine and the heart of the Hard Rock brand, music.
"We’re thrilled to have been chosen by OLG to create Hard Rock Casino Ottawa,” said Jim Allen, Hard Rock International chairman. "This is a crucial first step towards a larger strategic vision of our world-class brand’s expansion efforts in Ontario and throughout Canada. We are honoured to partner with RCR, a reputable and longstanding member of the Ottawa community, and look forward to working with both the RCR and OLG team members through the transition and beyond,” Allen added.
Together, Hard Rock International and RCR will transform the existing property with a complete remodel, rebrand and significant expansion, leading to an economic development boost. The multi-phase project is expected to potentially create 1,900 construction-related jobs and 2,000 direct and indirect ongoing jobs.
The anticipated first phase of the capital investment project for Hard Rock Casino Ottawa is expected to be completed within the first year of operations, pending required approvals. It will encompass a dramatic renovation, including a redesign of the gaming floors.
Pending required approvals, the subsequent expansion program will bring the addition of a Hard Rock Hotel, Hard Rock Live entertainment venue, a Hard Rock Cafe & Center Bar, a Rock Shop, as well as more than 13,000 sqmt of gaming space with additional slot machines and table games.
Source: GMB / Innovate Gaming
