Latest news: Bally’s Chicago casino hotel; Reverb to Hamburg; Home2 Suites in Montana

Bally’s Chicago Casino includes 500-key hotel. Providence, Rhode Island-based Bally’s Corp. announced a refreshed plan for Bally’s Chicago Casino that will feature a 34-story, 500-key hotel in a single-phase construction project at the 30-acre former Tribune Publishing site, pending approval of the Chicago Department of Planning & Development. Bally’s took possession of the building on July 5. Bally’s and Wyomissing, Pennsylvania-based Gaming and Leisure Properties (GLPI) also entered into a binding term sheet for a $940 million construction funding facility for the project, along with other financing transactions, that together GLPI expects to fund $2.07 billion to Bally’s. GLPI and Bally’s have agreed to a strategic alliance on the project’s construction and development.

New Home2 Suites in Montana. Minneapolis-based TE Miller Development and The Hotel Group (THG), an affiliate of Hotel Equities, have partnered on a new 107-key Home2 Suites by Hilton in Kalispell, Montana. The hotel recently broke ground and will be THG’s second in Montana and the third Home2 Suites in the state.

Hard Rock opens Reverb in Europe. Orlando-based Hard Rock International has expanded its Reverb by Hard Rock brand into Europe by opening a location in Hamburg, Germany. The 134-key property is the second Reverb for the company after its initial property opened in Atlanta in 2020.

MGM Shenzhen opens. The MGM Shenzhen, a joint venture with a pair of Beijing-based companies, Diaoyutai MGM Hospitality and Diaoyutai State Guesthouse, as well as Las Vegas-based MGM Resorts International, has opened. The 321-key beachside hotel is part of a pair of hotels opening in 2024 as part of the JV, with the other being Diaoyutai Hotel Zhuhai, which is in Guangdong’s Zhuhai, immediately next door to Macau.