Arthur “AJ” Lewis of Active Capital Holdings said his group is providing just over $4.7 billion for former NBA player Jackie Robinson’s project.
Tourism
For the latest Las Vegas tourism news and stats let the Las Vegas Review-Journal be your top source.
After years of seeing big plans come and go, the north edge of Las Vegas’ famed casino corridor is showing more momentum than it has in years.
The English Hotel, a 74-room boutique property, is affiliated with Marriott International and slated to open Feb. 22.
Gilda Perez-Alvarado, global CEO of brokerage Jones Lang LaSalle’s hotels and hospitality group, spoke about hotel sales and construction and the tourism industry’s recovery at recent conference.
The ultra-low-cost carrier flew almost 3.9 million passengers in the third quarter, up from just over 2 million during the same period last year.
The Las Vegas Convention and Visitors Authority board will consider selling land at Las Vegas and Elvis Presley boulevards to finance convention hall renovations.
Boasting a new brand that drops the mention of malls, ICSC is scheduled to hold its retail real estate conference and expo in December.
Lone Star Funds, former owner of the site along Las Vegas Boulevard, obtained county approval in 2012 for a 7 million-square-foot project.
Observers have said the north Strip property could initially siphon guests from competitors but also boost tourism overall to Las Vegas.
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.
Nevada added more than 10,000 jobs last month as coronavirus restrictions loosened and tourism regained its footing in Las Vegas, though unemployment remains high.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
After a year of layoffs and financial losses, Allegiant Air’s parent company eked out a profit in the first quarter.
Richard “Boz” Bosworth, president and CEO of Virgin Hotels Las Vegas’ ownership group, spoke with the Review-Journal about the purchase of the hotel, the renovations and the pandemic.
The COVID-19 pandemic marks the second time in a decade that Southern Nevada was among the hardest hit by a global economic crisis, though its recovery could be shorter this time.