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Thread: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

  1. #26

    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Rover View Post
    Hard Rock is Seminole. Casino isn’t on Seminole land.
    And? Hard Rock is a name. Nothing more. Has nothing to do with having to be on Seminole land.

  2. #27
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    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    Not sure I understand your point..? Hard Rock in Tulsa is on Cherokee trust land and owned/operated by the Cherokee Nation. The Sioux City Hard Rock is owned/operated by Churchill Downs. Hard Rock Biloxi is owned and operated by a non-Seminole REIT. Hard Rock Vancouver is owned and operated by a private Canadian gaming and hospitality company; NOT by the Seminoles.

    Yes, the Seminole Tribe of Florida owns the Hard Rock brand, but they do license to other entities, and in fact are ALREADY licensing to the Chickasaws in the case of the newly-announced hotel.

    I’d bet a steak dinner that at least one of the Pointe Vista casinos will be rebranded to match the attached hotel.
    True. Not sure myself where I was going with that. 😀

    Developer for this one is an OKC developer and non tribal on non tribal land.

  3. Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.

  4. #29

    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.
    Yeah it wasn’t a coincidence that the Chickasaw’s bought that land from the state almost immediately after point vista agreed to sell that piece of land back to the state as part of a lawsuit settlement a few years ago.

    I don’t know for sure if they are an investor in point vista but that wouldn’t surprise me. They definitely do more than exchange phone calls a few times a year.

    The hotel/resort is going to be a massive development (think Okana size in addition to all of the other stuff they’re building). I would be shocked if it doesn’t spill over into the Chickasaw nations tract and either incorporate the casino or at minimum partner with them in some way. It just makes very little sense for them not to.

  5. #30
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    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    Quote Originally Posted by Urbanized View Post
    ^^^^^^^
    As you know, it is in no way unheard of for a casino floor to be operated by one gaming company and the attached hotel to be run by a completely separate hospitality concern. It’s also quite common for hotel developers to quickly flip to a hospitality sector buyer quickly or even immediately after opening.

    And while it is in fact a non-Chickasaw developer, I find it very difficult to imagine that the Chickasaws aren’t intimately involved, and most likely invested in the Pointe Vista Holding Company. You only need look at a map of the development to see that direct Chickasaw holdings are interwoven throughout, including said casinos, which ARE on trust land. The hotel by itself need not be, for a contiguous (attached..?) casino floor to remain tribal trust land.

    IMG_0280.jpg

    Edit: well, the graphic shrinks too much when posted here and becomes illegible, but you can see the full-sized site map and other development details by clicking here.
    I don't believe this is a develop to flip hotel.

  6. #31

    Default Re: 6 Billion Magaritaville Resort Lake Texoma/Denison Tx

    KINGSTON, Okla. — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
    A massive $2 billion master-planned community is making headway along the Texas-Oklahoma border with the start of construction on a hotel resort.
    Spanning 2,700 acres and featuring 19 miles of Lake Texoma shoreline, Pointe Vista is expected to eventually feature 2,100 homes, multiple hotels, an 11-acre bay, a casino, a golf course, an enclosed waterpark, a family entertainment center, an amphitheater and a mix of shops and restaurants. It's being constructed on the north side of the lake in Oklahoma, west of Durant.

    Infrastructure construction began Nov. 21 on Hard Rock Hotel Lake Texoma, which was announced last month as the first of three resorts planned for the property. The hotel is slated to have 189 rooms, an 18,000-square-foot conference center and event lawn.
    The development will also feature the Hard Rock Residences, which an Oct. 17 announcement framed as the first hospitality-branded real estate offering in Oklahoma. The community will consist of rental homes ranging in size from 667 to 3,000 square feet. Rent prices are still being finalized.
    Both projects are expected to open in the Summer of 2027.
    The project was founded by Mark Fisher, who more than a decade ago bought land that used to be a state park. That park had fallen into disrepair, and Fisher "saw an area that he could help make better and develop," said Grant Speaks, president of Pointe Vista. Fisher continued to buy land around the former park and, as "Dallas continues to stretch north," the community's backers see boundless potential, according to Speaks.
    The development of Pointe Vista exemplifies the change sweeping over the Texoma border region north of the Dallas-Fort Worth Metroplex. Huge neighborhoods are rising, including the $6B Preston Harbor community on the south side of the lake that will include a Margaritaville resort, and a nascent semiconductor production industry is taking shape in Sherman.
    Pointe Vista will feature two unique lakefront neighborhoods: Reflection Pointe and Bridge Pointe, both of which are under construction.
    Reflection Pointe will feature 84 single-family lakeside homes ranging from 2,800 to 4,600 square feet, with seven homes set to be completed by early 2025. Bridge Pointe includes 32 lakeside villas and 26 hilltop townhomes with lake views, with construction already underway on four homes. Homes at both communities are currently available for sale and range in price from $225,000 to $1.3 million. Infrastructure construction was completed in early November.
    IMG_0784.jpeg

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