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Fontainebleau Resorts

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Fontainebleau Resorts, LLC, is a resort-hotel company started by South Florida real estate developers Turnberry Associates and the Plant family in 2005 after their purchase of the famous Fontainebleau Hotel in Miami Beach, Florida. The two families each hold a 50% stake in the company. The company is based in Enterprise, Nevada. The company is headed by Turnberry Principal, Jeffrey Soffer, PLANTworldwide owner Brett Plant, and former Mandalay Resort Group President, Glenn Schaeffer. The company currently has several ongoing hotel and condominium development projects in Miami Beach and Las Vegas, with several more on the way, and Schaeffer has suggested that Fontainebleau will go public in order to raise money for their multibillion-dollar development plans. On April 17, 2007, Publishing & Broadcasting Limited announced that it had entered into an agreement to acquire 19% of Fontainebleau Resorts for $250 million. Schaeffer left Fontainebleau Resorts without comment in May 2009. Schaeffer was primarily responsible for securing more than $3 billion in loans for the Fontainebleau Resort Las Vegas project.

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3.6

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

Fontainebleau Resorts has made significant strides in reducing its carbon footprint through energy-efficient lighting, heating, and cooling systems across its properties. This commitment to energy efficiency has led to a substantial decrease in greenhouse gas emissions. The company has implemented water conservation measures such as low-flow fixtures, rainwater harvesting systems, and drought-resistant landscaping, reducing water consumption at its resorts and promoting responsible water management. Fontainebleau Resorts prioritizes sustainable sourcing of materials and products, ensuring that construction and maintenance materials are eco-friendly and responsibly sourced, thereby reducing the impact on ecosystems. The company has invested in renewable energy sources, such as solar panels and wind turbines, to power its facilities, demonstrating a commitment to transitioning towards cleaner energy alternatives. Fontainebleau Resorts has implemented comprehensive waste reduction and recycling programs, diverting a significant portion of its waste from landfills and promoting recycling among guests and employees.

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Awards Received

2023

Revenues

$285,100,000.00

Website Traffic

Employee Rating

4.3

Customer Rating

4

Company Size

1000-5000

ESG Risk Rating

3

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