TEMECULA, CALIF. — The Pechanga Development Corp., the economic development branch of the Pechanga Band of Luiseño Indians, has selected Tutor Perini Building Corp. to expand the Pechanga Resort & Casino in Temecula, roughly 60 miles north of San Diego. The contract is valued at $285 million.
“Perini was the general contractor for the original Pechanga resort that opened in 2002. This development will complement our current offerings, enhance the resort experience for guests, and cement Pechanga Resort & Casino as the preeminent luxury gaming destination in California,” says Patrick Murphy, president of the Pechanga Development Corp.
The resort expansion project involves adding a AAA Four Diamond, 568-room hotel wing; a standalone luxury two-story spa and salon with 17 treatment rooms, a fitness center and hydrotherapy pool terrace; a resort-style pool complex with eight pool areas; two new restaurants; and an additional 67,000 square feet of event space.
Tutor Perini previously completed multiple phases of the Pechanga Resort & Casino over the past 13 years. Tutor Perini expects the expansion to be “substantially completed” by the end of 2017.
Pechanga Resort & Casino is the largest resort/casino in California and employs roughly 4,000 team members, according to the casino’s website. The existing casino spans 200,000 square feet and features 3,400 slot machines, 130 table games, a 43-table poker room, 700-seat bingo game and a nightclub. The property also features a 517-room resort with a spa, sundeck and pool, retail shops and a fitness center.
The Pechanga Development Corp. is a five-member board of directors charged with improving the business, financial and general welfare of the Pechanga Tribe. Board members are elected to two-year terms by Pechanga citizens.
Tutor Perini Building Corp. is a subsidiary of Tutor Perini Corp. (NYSE: TPC), a civil and building construction company offering general contracting and design-build services to private clients and public agencies. The Los Angeles-based company reported revenue totaling $1.3 billion in the third quarter of 2015, a 7 percent increase from third-quarter 2014.
Tutor Perini’s stock price closed on Wednesday, Feb. 24 at $12.99 per share, down from $26.07 per share at this time last year.
— John Nelson