Two Way Hard Three | Las Vegas Casino & Design Blog
All Articles for Category: Condo-Hotels
A story today in the RJ about how MGM Mirage saved City Center.
Despite painting a rosy outlook at the time, things were very close to catastrophe.
http://www.lvrj.com/business/48721837.html
This is a topic we touched on during a Vegas Gang show - I speculated that Murren and Co really pulled off a near-miracle in keeping the project intact. Knowing now that they did it without having to sell any additional Strip properties is even more amazing.
Another week, another report of building problems left undiscovered by officials. Instead of City Center, now we have the neighboring Cosmopolitan, the property that can't seem to find a permanent owner having been taken over by its financiers after the developer defaulted last year.
The RJ reports: http://www.lvrj.com/news/41078077.html
With all of this talk about buildings not being properly checked during construction, I can't help but to recall these issues with Harrah's a few years back:
http://www.ratevegas.com/blog/2007/10/harrahs_cut_cor.html
http://www.ratevegas.com/blog/2008/04/vegas_gang_6_ap.html
Stories in the Sun and RJ today have word that Cosmo owner Deutsche Bank have decided to re-design the interiors of some floors, resulting in work stoppage.
http://www.lasvegassun.com/news/2009/mar/06/work-cosmopolitan-resort-hold/
Also, there's word that the bank may have signed a deal with Hilton to operate the hotel and/or casino portions - Deutsche does not have a Nevada gaming license and a recent deal with MGM Mirage seems to have fallen apart.
http://www.lvrj.com/business/40891687.html
It seems that the embattled Cosmopolitan Hotel project on the Strip has found a buyer after the bank foreclosed on the original developer.
http://www.lasvegassun.com/news/2008/sep/04/buyout-keeps-cosmopolitan-play/
Thanks to Mark D for pointing this out.
Also, some coverage in the RJ:
http://www.lvrj.com/business/27848684.html
Palms Place, L'Atelier, Craftsteak, and BLT Burger (July 28-31)
Posted by Mike E | Digg This!Here's yet another report where I sample some amazing food, nightlife, and the new Palms Place. Enjoy!
KVBC is reporting that Trump Tower in Las Vegas, the condo project from The Donald, is laying off 20% of its workforce.
This comes shortly after an article from Steve Friess where he predicted doom and gloom for the golden clad property.
I stayed there this Spring and while I'm not interested in going back, we had a nice time.
Thanks to Mike for shooting me the story this AM.
Vegas Gang #11 is online here: http://www.vegasgangpodcast.com
This time we feature:
* Encore at Wynn Las Vegas Opening
* Cosmopolitan Sued Over Its Name
* MGM Mirage Using Social Networking
* Harrah's Pays Debt With Debt
* Adelson Profiled in New Yorker
Feel free to add comments below...
Well, it looks like things have gotten just a little bit worse for the Cosmopolitan:
http://www.lvrj.com/business/20625604.html
Hearst says they own the name. Ouch.
How about a little due diligence when you start a project, huh?
The rumor floating around today is that The Related Cos has purchased/taken over the Cosmopolitan project on the Las Vegas Strip and it will be an outpost of the 'W' hotel chain. Time will tell...
http://www.lasvegasadvisor.com/whatsnews.cfm
As speculated, the name 'ARIA' is official.
MGM Mirage's press release had a bit more info than I've seen published elsewhere. I don't usually just publish these things but I think this is of interest so continue reading after the jump.
For my first stay in a condo-hotel, I picked the Trump International Tower, right off the Strip in Las Vegas. This is a short write up of our experience this past weekend.
Continue after the jump for more...
Photos: http://www.ratevegas.com/photo/gallery/trump
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