Development on the Strip
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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
HOUSE_OVERSIGHT_018773
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