Agreement to develop two boutique hotels on Echelon project reworked
September 25, 2008 - 11:01 am
Boyd Gaming Corp. and New York-based Morgans Hotel Group have reworked an agreement to develop two boutique hotels on the stalled Echelon project.
Both companies said today the deadline for Morgans to obtain construction financing has been extended through 2009.
The 50-50 joint venture partnership to develop the two boutique hotels as part of the $4.8 Echelon project was announced in January 2006.