The parent of Uncasville resort casino Mohegan Sun received $50 million in financing from a New York investment firm for a 238-room hotel in Pennsylvania.
Fundamental Advisors provided the loan for the seven-story hotel, special events, and convention center at the Mohegan Tribal Gaming Authority’s casino in Wilkes-Barre, Pa.
The hotel opened on Jan. 18 to offer the Mohegan Sun at Pocono Downs resort another venue to attract revenue.
The hotel includes guest rooms, a spa, and a restaurant while the 20,000-square-foot convention center can be sold as meeting space or used as a 1,500-seat entertainment venue.
