Las Ramblas Was a Lesson For All
Thanks to the extraordinary crash and burn of the George Clooney fronted project, Las Ramblas, people are looking closely at the constant Hotel Hype that floods Las Vegas practically every day.
Standard & Poors (an institution that essentially grades companies and their well-being for stock investment purposes) decided to evaluate all these risky, expensive Vegas plans and tell you which ones are safe bets.
On the list are:
· Palazzo: a 3,025 room annex to the Venetian which is already under construction and is planned to open in 2007.
· Encore: Wynn's sequel project will most likely happen just because Steve Wynn's behind it.
· Project CityCenter: MGM Mirage has already begun demolition to make way for this $7 billion construction project that will include "nearly 8,000 hotel and condo units, plus retail, casino, entertainment and more." S&P says this will certainly happen by 2010.
Now for the risky side:
· The Cosmopolitan: Essentially a $2 billion Hyatt hotel planned for just south of Bellagio.
· The Fountainbleau: A 4,000 room hotel inspired by the famous Miami property to be located across from Circus Circus.
· W Las Vegas: This is a shocker considering that the chain has been hyping this condo-tel for so long we almost thought it already existed.
Always the optimist, we do hope none of these projects end up being dinner table jokes like Las Ramblas did but projects like Maxim's proposed casino just might. Oh wait, it already is a joke.
Related Stories:
· Which Hotel Projects Are Good Bets? [KTVU.com]
· Upcoming Hotels [Vegas for Visitors]
· Viva Vegas: The W is Coming [HotelChatter]
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