Meruelo Group to invest more than $25 Million in renovations at Grand Sierra Resort and Casino

10/28/2011

Meruelo Group to invest more than $25 million IN RENOVATIONS at Grand Sierra Resort AND CASINO

Reno, Nev. – Alex Meruelo, CEO and Founder of the Meruelo Group, and owner of Grand Sierra Resort and Casino (GSR) announced today a $25 million investment in upgrading the GSR campus.. This facilities improvement will focus on areas that most impact guests’ quality of experience including but not limited to guest rooms, dining venues and entertainment spaces. 

“We are committed to giving our guests the best possible experience,” stated Meruelo. “This investment comes directly from customer input on what changes they wanted to enhance their visit to GSR.”

Construction begins 4^th Quarter 2011. Renovations will include: 

• Updated guest rooms and suites, which will showcase classic contemporary furnishings, linens and flooring.
• The Cantina, a new and authentic Mexican dining venue that will boast Northern Nevada’s largest tequila collection.
• The casino floor will boast a brand new complete ultra lounge, featuring floor to ceiling sheers and hidden coves with plush furniture.
• GSR newest club will be a contemporary country western dance hall. With more than $1 million allocated for this portion of the project the new space will feature a larger dance floor, additional seating and a country crossover look and feel.
• To compliment all of the additions to the property the casino will also be remodeled and renovated to reflect the updated look.
• The last elements of the renovation will include improvements to existing on-site amenities such as the convention center, heath club and spa as well as new and upgraded carpet and lighting throughout the property.

“The plan to renovate Grand Sierra Resort reinforces Meruelo Group’s commitment to ensuring the quality of the property.” stated Tony Santo, CEO and president of Santo Gaming LLC, which is the managing group for GSR’s gaming and non-gaming assets. “These renovations will solidify GSR as the #1 choice for locals, leisure guests and conventioneers.”

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About Grand Sierra Resort and Casino:

Grand Sierra Resort and Casino (GSR) is in the heart of Reno/Tahoe - America’s Adventure Place. Conveniently located next to the Reno airport, GSR is northern Nevada’s most complete resort destination with nearly 2,000 guest rooms and suites. The property offers a wide variety of accommodations for the everyday business traveler to the complete family vacation with amenities that include 200,000 square feet of meeting and convention space, branded retail shopping, headliner entertainment, a two-screen cinema, a 50-lane championship bowling center, outdoor thrill rides, aqua golf driving range, the largest casino north of Las Vegas with 24 hours of heart-pounding action, plus so much more. For more information, please visit www.grandsierraresort.com or to make reservations call 1.800.648.5080.

About the Meruelo Group:

With roots dating to 1986, the Meruelo Group is a diversified holding and investment company owned and controlled by prominent U.S. Latino business executive Alex Meruelo. The Meruelo Group has diverse holdings in banking and financial services, food restaurants and services, construction and engineering, real estate, and private equity. For more information please visit www.meruelogroup.com.