Development on the Strip
With approximately $21 billion in high-profile developments completed since 2008, the Strip has attracted significant investment capital from both ownership entities that already possess a significant stake in the future success of the Strip and new capital sources seeking to benefit from Las Vegas’ exceptional long-term fundamentals. Resort and casino ownership is largely consolidated among operators that are devoted to continuing to increase visitation levels by upgrading the Las Vegas experience.
RECENT LAS VEGAS STRIP DEVELOPMENTS - 2013 TO 2018
COST CONVENTION ROOMS sea ail/ ($MILLIONS) SPACE (SF) TIMESHARE HOTEL COMPLETED 2013 Caesars Palace - Nobu Hotel (former Centurion) $30 180 February 2013
The LINO (Phase 1) $550 ; Fall 2013
2014
The Grandview at Las Vegas $55 400 February 2014 The LINO (Phase 2) $230 849 February 2014 The Cromwell (Rebrand / Remodel) $185 May 2014
New York New York / Monte Carlo (Open Air Plaza) $50 June 2014
SLS Las Vegas (Rebrand / Remodel) $415 80,000 1,613 August 2014 Delano (Reband / Remodel) September 2014 Red Rock Casino (Renovation) Fall 2014 Golden Nugget (Remodel) December 2014 2015
Wyndham Desert Blue $172 281 March 2015 Bellagio (Renovation) $55 April 2015
The Grand Bazaar Shops $50 February 2015 Caesars Palace (Omnia Nightclub) $38 March 2015 Treasure Island $15 April 2015 Galleria at Sunset $26 Spring 2015
Rock in Rio (MGM Resorts Festival Grounds) May 2015
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