Graton Resort & Casino Breaks Ground on $175-Million Hotel
Gambling operator Station Casinos LLC and California’s Federated Indians of Graton Rancheria broke ground on a $175-million hotel which is to represent the resort component of Graton Resort & Casino located in Rohnert Park.
The six-story hotel will spread over 342,000 square feet of land and will feature 200 rooms, a number of food and beverage options, 20,000-square-foot meeting space, a spa, and a number of other amenities. Construction on Graton Resort & Casino’s latest addition is expected to be completed late in 2016.
Station Casinos spokeswoman Lori Nelson commented that more than 1,000 people will be employed during construction. Once the property is completed and fully operational, about 150 permanent jobs will be created.
Greg Sarris, Chairman of the Graton Rancheria, called the hotel “the icing on the cake.” He also pointed out that the venue would feature standard 500-square-foot rooms as well as 2,600-square-foot ones for high roller players.
Commenting on the $175-million project, Joe Hasson, General Manager of Graton Resort & Casino, said that the hotel was part of their initial master plan for the property. Mr. Hasson pointed out that Station Casinos has always wanted to provide gambling and non-gambling customers with a full range of amenities.
The executive further explained that they need hotel rooms as this is one of the expectations of their visitors. By adding the six-story hotel tower, Graton Resort & Casino will indeed turn into a fully-fledged destination resort.
The tribal property opened doors in November 2013. A total of $800 million was spent on its construction. Since its launch, Graton Resort & Casino has been contracting with local hotels to accommodate its overnight customers.
Currently, the casino has as many as 3,000 slot machines, 130 table games, and a poker room, run by live dealers. An events center spreading over 8,700 square feet is also among the amenities featured at the venue.
According to gambling analysts, Graton is among the most profitable casinos in the area. Station Casinos and the Graton Rancheria managed to refinance the loans covering the resort. With that said, the gambling company expects the annual fees it pays for running the casino to grow to $5 million.
According to a report commissioned by the National Indian Gaming Commission, California is the US largest Indian gambling market with a total of 68 casinos being operated within the state’s borders. Annually, those generate more than $7 billion in gaming revenue.
Alan Meister, author of the so-called Indian Gaming Industry Report for Casino City, recently noted that apart from their gambling options, tribal casinos will start adding more and more non-gambling ones and those are expected to turn into the next major driver of revenue.