BOXBOROUGH — A Maryland casino developer is pitching a $200 million hotel and slot parlor just off Interstate 495 in Boxborough, the final of 11 original commercial casino applicants to find a site.
Under the proposal, the Cordish Companies would buy, renovate, and expand an existing Holiday Inn at the junction of Route 111 and Interstate 495, and rebrand the property as a boutique hotel and casino, Joe Weinberg, Cordish managing partner, said Tuesday in a phone interview with the Globe. Part of the existing building would be demolished and replaced on a 20-acre parcel that is essentially surrounded by woods.
The project would include several restaurants, an entertainment area, meeting space, spa and fitness facilities, and — by state law — as many as 1,250 slot machines. It would employ 700 to 750 people, according to Cordish.
Cordish is one of four companies seeking the state’s sole slot parlor license. The Cordish project, if accepted by the town and endorsed by local voters in a referendum, would compete with slot proposals in Plainville, Raynham, and Worcester.
“We have proven time and again we can build beautiful, modern facilities with a scope of gaming that is slots only,’’ Weinberg said in an interview. The company has developed Hard Rock casinos in Florida, and in 2012 opened the Maryland Live! Casino, just outside Baltimore. The company’s Boxborough project would be similarly named, “Live! Hotel & Casino.’’
The Cordish proposal is the northernmost casino project in Massachusetts. The company chose the location to be close to population centers, yet far from resort casino proposals in East Boston, Everett, and Milford, as well as a potential tribal casino project in Taunton.
“We felt this area of the 495 corridor was a strategic location left underserved,’’ Weinberg said.