More than 16 years after the New Frontier was toppled, the Strip property hasn’t seen a new project take shape.
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The permits were issued the same day the Clark County Commission approved Fertitta’s plans for a towering hotel-casino on Las Vegas Boulevard.
Station Casinos has loaded up on more land in Las Vegas, closing a big purchase just a few days after it unveiled plans to demolish three hotels in Southern Nevada.
The buyer, British businessman Simon Dolan, made headlines for challenging the U.K. government in court over the country’s pandemic lockdowns.
With its multibillion-dollar sale in the works, The Cosmopolitan of Las Vegas gave employees a welcome surprise Wednesday: a $5,000 bonus each.
Vici Properties closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.
The Summerlin estate has been on and off the market over the past few years and was priced at $24.5 million last fall.
The towering north Strip hotel-casino will feature a pillarless ballroom spanning more than 105,000 square feet, one of the largest in Las Vegas.
Construction is underway on the $750 million Durango hotel-casino near Ikea.
Hard Rock’s purple-hued tower would feature six light beams shooting into the sky as if they were strings on a guitar neck.
The former casino mogul’s opulent estate in Summerlin spans 15,000 square feet and includes an art room, a crystal staircase, silk carpets, and marble pillars, according to listing materials.
Las Vegas Sands spokesman Ron Reese said that the office complex will be the company’s future headquarters, adding the company is probably targeting a mid-2022 move-in.
Blackstone has purchased the hotels’ real estate for nearly $3.9 billion, and MGM is leasing the properties back.
The multibillion-dollar sale of The Cosmopolitan marks the latest in a string deals on the Strip between two powerhouse companies and another investment on Las Vegas Boulevard from the CEOs of fast-food chain Panda Express.
UNLV’s Center for Business and Economic Research predicts that visitor volume in Southern Nevada will climb 57 percent this year and 13.2 percent next year, following its 55.2 percent drop in 2020.