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The W Las Vegas Hotel & Residences Officially Craps Out

The W Las Vegas has crapped out. The hotel and residences were set to open sometime in 2009 but it looks like Edge Resorts has cancelled the project.

A HotelChatter tipster, who was actually set to become a W Las Vegas condo owner, pointed us to a letter he received and subsequently posted on CondoHotel Forum:

Construction costs and financing requirements have grown considerably as we have pursued the development of this project, and it has become extremely difficult to successfully get the costs under control in order to make a proposed project such as ours feasible. As you are likely aware, many proposed projects in Las Vegas are either going on "hold" or being canceled.

We appreciate your patience as we have attempted to deal with these issues. Unfortunately, after thorough analysis and discussion, we have decided to cancel the proposed W Las Vegas Residences project. Our contractual license to develop the W Las Vegas expires on May 18, 2007

Indeed the W Las Vegas web site used to be all flash fancy but now it simply says, "For information regarding the W Las Vegas project, please call 702-731-1300."

The project was probably doomed from the start but it didn't help that Edge Resorts snapped up George Clooney's failure, Las Ramblas in the hopes of developing something that would complement the W Las Vegas.

Now, we will give W the benefit of the doubt and say that all hope for a W Las Vegas is not lost. Some other developer could come in and take over the project but don't expect any Whatever/Whenever service before the decade is out.

In the end, the moral of the story is don't put up billboards around town for your hotel unless you are sure it's going to happen.

Related Stories:
· W Las Vegas to Open in 2009 [HotelChatter]