The Las Vegas building boom worth $20 billion, a five year timeline, is under way on the Las Vegas Strip. It will roughly double the inventory of luxury hotel rooms costing $200 a night or more, a new Standard & Poor’s study said.
This newfound focus on upscale visitors is largely a response to continuing Las Vegas demographic shifts.
Real estate projects that S&P said probably would be completed include:
• The $1.8 billion Palazzo Las Vegas high rise with 3,025 rooms.
• The $1.7 billion Encore Wynn Las Vegas with 2,054 rooms.
• The $7 billion MGM Mirage Project CityCenter with 7,700 rooms.
• The $4 billion Echelon Place with 3,300 rooms.
PermalinkTags: las vegas commercial real estate, las vegas hotels, las vegas luxury hotels, real estate boom, las vegas high rise, las vegas luxury condos | EMail This Post | Print This Post | Comments