The Las Vegas Sun reports that the first condo-hotels near the Strip will open in the first half of this year. The Residences at MGM Grand and The Platinum on Flamingo at Koval Lane are nearing completion. The MGM development has sold out two of its three towers and the third is 75% sold. The Platinum sold its 255 units in 39 days.
I looked at The Residences at MGM Grand when the sales office and mock-up units opened several years ago on MGM Grand's Studio Walk. The units were furnished very nicely, but they were basically large hotel rooms with small kitchens. Units were combined to create larger apartments. I may have misjudged the potential for condo-hotels because I couldn't understand paying $600,000-$1,000,000 to live in what amounts to an extension of MGM Grand. Does anyone here have experience with condo-hotels?