The Jamul Indian Village Development Corporation (JIVDC), subsidiary of California’s Jamul Indian Village Tribe will be expanding Jamul Casino with the planned addition of a luxury hotel. Already under construction, the boutique hotel received financing recently.
KeyBanc Capital Markets will lead a syndicate of banks in the $515m funding of the hotel development. Existing company debt will also be refinanced. The Tribe previously refinanced its current property in both 2021 and 2022.
The JIVDC originally broke ground on its reservation-based casino in February 2014 and opened Jamul Casino in October 2016. Since then, the venue has invested in further improvements such as a new poker room, a rooftop event space, renovated high-limit rooms and the Jamul Marketplace food court.
The new, 16-story hotel will comprise 200 rooms, 52 suites, a six-story parking structure with 350 spaces, a pedestrian sky bridge, a 4,800-square-foot restaurant, a full-service spa and salon, a fitness center, a rooftop pool deck, retail space and meeting facilities. The property hopes to achieve AAA’s Four Diamond designation upon completion and inspection.
Erica M. Pinto, Chairwoman of the Jamul Indian Village and Chairwoman of the JIVDC Board, states, "In only a few short years since opening, I'm proud that we can capitalize on our success in operating the Jamul Casino with the development of a luxury hotel.
“The hotel will allow us to effectively expand our footprint in the market while increasing funding for fire protection to serve all of San Diego County as well as provide 125 new permanent jobs and 1,000 construction jobs. The economic impact of the hotel will have far-reaching and long-term positive effects on our Tribal nation, state, and local economy."
