MTR Gaming Group, Inc. (NasdaqGS: MNTG) announced today that it has entered into an agreement with BT Management LLC to manage and operate a new Baymont Inn and Suites adjacent to its Presque Isle Downs & Casino property in Erie, Pennsylvania. BT Management LLC, which has a franchise agreement with Wyndham Hotel Group, will build the hotel.
The new Baymont Inn and Suites hotel will have approximately 100 rooms and suites, and is scheduled to break ground in June 2012 for an expected opening in spring 2013.
"We are excited to be working with Wyndham Hotel Group, the world’s largest hotel company," said Jeffrey J. Dahl, President and Chief Executive Officer of MTR Gaming Group, Inc. "We believe the new Baymont Inn and Suites will only enhance the Presque Isle Downs & Casino experience for our customers as well as provide the potential to drive additional visitation to the Erie region, and we look forward to managing the property upon completion of its construction.”
“The agreement with MTR Gaming allows us to work with the already successful Presque Isle Downs & Casino, and positions the new Baymont Inn and Suites hotel for success,” said Lou Reda, Franchise Development Director for Wyndham Hotel Group.
Presque Isle Downs & Casino features slots, table games, live poker, entertainment and horse racing. The casino features the latest technology and amenities designed for guest comfort and expectations. The property also has four restaurants, including the award-winning Sensory 3 and the Downs Clubhouse and Lounge, which has more than 200 flat-screen TVs and a spectacular seating section for live horse race viewing.
About MTR Gaming Group
MTR Gaming Group, Inc. is a hospitality and gaming company that through subsidiaries owns and operates Mountaineer Casino, Racetrack & Resort in Chester, West Virginia; Presque Isle Downs & Casino in Erie, Pennsylvania; and Scioto Downs Casino & Racetrack in Columbus, Ohio. For more information, please visit www.mtrgaming.com.
About Wyndham Hotel Group
Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE: WYN) family of companies, is the world’s largest hotel company with 7,205 hotels and approximately 613,100 rooms in 66 countries under the hotel brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inn & Suites®, Hawthorn Suites® by Wyndham, TRYP by Wyndham™, Howard Johnson®, Travelodge® and Knights Inn®. In addition, the company has license agreements to franchise the Planet Hollywood Hotels, Dream® and Night® brands and provide management services globally.
All hotels are independently owned and operated excluding certain Wyndham and TRYP by Wyndham hotels as well as certain international Ramada, Days Inn and Super 8 hotels, which may be managed by one of the affiliates of Wyndham Hotel Group. Wyndham Hotel Group is based in Parsippany, N.J. Additional information is available at www.wyndhamworldwide.com. For more information about hotel franchising opportunities visit www.whgdevelopment.com.
Except for historical information, this press release contains forward-looking statements. Such statements are subject to a number of risks and uncertainties that could cause the statements made to be incorrect. Those risks and uncertainties include factors described in the Company’s periodic reports filed with the Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements, except as may be required by law. The cautionary advice in this paragraph is permitted by the Private Securities Litigation Reform Act of 1995.