After two accidents in one month at the site of a future Hard Rock hotel in New Orleans, the company's leader is clarifying its role in the construction.

"We were not the owner or the developer of the site itself," Jim Allen, chairman of Hard Rock International and CEO of Seminole Gaming, told Cheddar Monday. "It was one of our licensees. But certainly we were excited about creating a new Hard Rock Hotel in New Orleans."

Three workers were killed when parts of the upper floors collapsed October 12. On Sunday, the attempted demolition of two cranes on site left one dangling over a city street.

"Our prayers are with the families of the victims and also all the businesses surrounding the site itself, because the ripple effect here has been much more than most people realize," Allen said.

He added Hard Rock has been in the New Orleans market for decades, with its restaurant on famed Bourbon Street, and the company will work with the city and developers to "navigate through this rather challenging time."

Meanwhile, the brand is preparing to open the world's first guitar-shaped hotel in Florida Thursday: the Seminole Hard Rock Hotel & Casino Hollywood, a $1.5 billion project.

Part of the new resort is the $125 million Hard Rock Live entertainment venue, totaling 225,000 square feet for major performances. Maroon 5 will perform on the new stage Friday.

Other features of the flagship casino resort include entertainment, extensive gaming, a spa, fitness center, and more.

Share:
More In Business
Klarna shares jump 30% on Wall Street debut
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
Load More