Philips Arena is an indoor arena in Atlanta, Georgia. Completed in 1999 at a cost of $213.5 million, it is home to the Atlanta Thrashers of the NHL and the Atlanta Hawks of the NBA. It is owned and operated by Atlanta Spirit, LLC, the group of investors that also owns the Hawks and Thrashers. The arena seats 18,729 for basketball and 18,545 for ice hockey. The largest crowd ever for an Atlanta Hawks basketball game was in the 2008 NBA Playoffs, where there was an approximate number of people of about 20,040. It includes 92 luxury suites and 1,866 club seats. For concerts and other entertainment events, the arena can seat 21,000.