Harrah’s to Build 450-Room Hotel Tower in New Orleans

  Harrah’s Entertainment, Inc. announced its Board of Directors approved the
construction of a $142 million, 450-room hotel tower at Harrah’s New
Orleans Casino. “Since our casino opened five years ago, Harrah’s has drawn millions of
tourists to the New Orleans market,” said Anthony Sanfilippo, Harrah’s
Central Division President. “Our guests want to experience not only the
finest in casino entertainment, but also the incomparable excitement and
energy of New Orleans and the French Quarter. This hotel will give us the
ability to host our most loyal guests from throughout the country in New
Orleans, which will provide an additional boost to the New Orleans tourism
industry.”

As part of the project, which was unanimously approved by the New Orleans
City Council in November, two 19th Century-era buildings will be returned
to commercial use as part of the Fulton Street retail development. Gordon
Biersch Brewery Restaurant will anchor Fulton Street when it opens its
11,000- square-foot restaurant in the second half of 2004.

A third existing building will be incorporated into the hotel, and the
facades of the two Poydras Street buildings will be included in the
hotel’s design.

Harrah’s New Orleans was granted the right to develop and operate up to
450 hotel rooms under a bill passed by the state legislature in 2001.
Project design is being handled by Billes/Manning Architects of New
Orleans and Marnell Carrao Associates of Las Vegas. Construction will be
led by a joint venture between Carl E. Woodward, LLC, of New Orleans, and
Walton Construction Co. of Kansas City, Mo., in alliance with Broadmoor,
LLC, of Metairie, La.
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