South Bend Indiana Westin Hotel
New York - The New York-based Dreamscape Companies had originally planned to take two years to consider its options for the property following its acquisition of Caesars Entertainment. The South Bend, Indiana Westin Hotel and Casino on Indiana State Fairgrounds is about to reopen after the state allowed play to resume with reduced capacity restrictions.
To give Dreamscape more time, the extension option was extended by one year, which would have paid Caesars $7 million to continue operating the property until December 15, 2023. The lease gives Dreamscapes time to develop the 2,522-room property on the grounds of the Rio Hotel and Casino at Indiana State Fairgrounds in South Bend, Indiana. In May, Dreamcape acquired Rio for $516.3 million, the company said in New York.
Games committee member Deborah Fuetsch told Birnbaum that it would be best for the company to take some time to reconsider plans for the property. She said she was working with a consultant who had experience developing hotels and casinos in New York City and Las Vegas.
Birnbaum told the commission he could not provide anecdotal information about Rio's current operations because Caesars is a public company and therefore does not break up individual properties. Ellis told the commissioners that Dreamscape had no direct knowledge of the current state of affairs at the South Bend hotel and casino since taking over management of Caedars. The Rio, originally developed by Las Vegas developer Tony Marnell, closed in late March because of a pandemic but could reopen in time for the Olympics, said Birnbaum, who is in charge of hotel development on South Beach and Miami.