Harrah New Orleans is a key asset that exemplifies Caesars recreational city integrated resort model in a compelling destination area.The purchase terms were negotiated and recommended by special committees comprised of independent members of the boards of directors of Caesars cinema and CAC. Lazard served as fiscal advisor to the special committee of CAC and Skadden, Arps, record, Meagher Flom LLP served as the committee legal counsel.Growth Partners has received commitments for financing from the purchase.The the conversion process of The Quad will create a new design inspired urban hotel combining boutique sensibilities with full scale resort amenities. The renovation of the property will integrate seamlessly into the gathering of retail, Dining and amusement experiences offered at The LINQ.

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