August 23, 2016
Isle of Capri Casinos Inc. based in St. Louis, MO, has entered into an agreement to sell its Isle of Capri Casino Hotel Lake Charles to Laguna Development Corp. The Albuquerque, NM buyer, operating under a newly formed entity owned by LDC and Eagle Holdings LLLP, will purchase the Westlake, LA-based resort for $134.5 million.
Situated at 100 Westlake Ave., the two-building casino-hotel caters to the Houston-Beaumont market. The property is less than 60 miles from Beaumont. “We have enjoyed owning and operating Isle of Capri Casino Hotel Lake Charles for more than 20 years, and we appreciate the hard work and dedication of our team,” said Isle of Capri CEO Eric Hausler.
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