TJM Properties Acquires Harrah’s Tunica from Caesar’s Entertainment Corporation

Now that TJM are becoming increasingly bigger property owners in the united states, we know that there has to be something attractive about the way that they handle their business. There is also the aspect of selling the properties once they’ve developed them. They probably do a lot of landscaping on their gardens of the properties to make them even more attractive to potential buyers. Below is an example of the way that TJM is acquiring property:

TJM seems hell bent on growing into one of the most successful real estate companies in the world, and that is why they are constantly purchasing new properties, developing them and turning them into profitable businesses. One such example is Harrah Tunica, that TJM acquired back in early 2016. Harrah’s Tunica’s 2000-acre resort complex in Tunica, Mississippi, was finally purchased by TJM Properties of Clearwater, Florida. Tunica is a prominent tourist, gambling and entertainment destination, located on the Mississippi River, and it is also referred to as the South’s Casino Capital. The area is home to world class casinos, 6000 hotel rooms, fine dining restaurants, luxury spas and championship golf and tennis facilities. The property was purchased from Caesar’s Entertainment Corporation.

TJM Properties Acquires Harrah's Tunica from Caesar's Entertainment Corporation

“Plans to sell all or part of the property are underway,” said Terence J. McCarthy TJM Properties owner, had said.

The property lies on an expansive parcel that has two hotels that come with 600 guestrooms and suites, a 45,000-square foot convention complex, an 800-acre Hunting Lodge, 200-unit RV park and club house, a 10,000 square foot kids’ center, an 18-hole golf course and clubhouse, a large commercial laundry facility, office and warehouse buildings, and hundreds of acres of farm land.

According to McCarthy, they had a number of offers for all of the parcels of the property, and many of the parties expressed interest in purchasing the entire resort. TJM were finalizing their plans on what they might and what they would be disposing.

TJM Properties is a Real Estate company that is owned and operated by Terence J. McCarthy of St. Petersburg, Florida. They have a growing number of hotels in Florida, New Jersey, and Pennsylvania under the Quality Inn, Baymont Inn, Howard Johnson, and Radisson flags. TJM also owns The Claridge Hotel and Atlantic Club in Atlantic City, New Jersey. A leading developer of Senior Living Communities, TJM Properties sold 15 of its 19 Senior Living properties in 2013, comprising of 2500 units, for $220 million.

Conclusion

From what we can see, TJM is a privately owned real estate company that is not to be reckoned with. They own properties spread out across the United States, and it looks like they have purchased quite a number of properties from Caesar Entertainment Corporation. They also own several hotels around the country, as well as properties that are geared towards the senior citizens. To reach such levels of success, it means that they must have a leadership that is focused and driven by development.

One good thing to prove that is that you will find that they are constantly purchasing properties that have been declared bankrupt and bringing them back into profitable businesses. I would say that good work ethics are what drive TJM’s Terence J. McCarthy and the entire team at the company.

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