Las Vegas building boom shows no signs of slowing down
July 10, 2007
By Kitty Bean Yancey
Vegas is working on a full house.
Right now it has about 133,000 hotel and motel rooms and more than 90% average occupancy. By the end of 2010, about 40,000 more rooms are due, the Las Vegas Convention and Visitors Authority says.
Here's what's in the cards, according to Vegas.com:
*A 3,000-room sister property to The Venetian called The Palazzo Las Vegas is due at the end of this year. They'll be connected so guests won't have to walk outside. *2008 is due to bring the Trump International Hotel and Tower, Donald Trump's Vegas high-rise hotel and condo project. Located opposite the Wynn Las Vegas, it will be a non-gaming property.
*In 2009, look for the $7 billion City Center. Located between the Bellagio and Monte Carlo, it'll have luxury condo units, hotel rooms, more than a dozen restaurants and a huge retail and entertainment complex. Mandarin Oriental is one of the companies involved.
For more on Vegas development and easing gridlock there, read my recent story on the subject. Are there any Vegas projects readers are excited about?