How much does a Las Vegas hotel cost?
May 03, 2009 in
Las Vegas
Legal Counsel/Attorney at Law asked:
How much does a hotel in Las Vegas about 50-80 stories high cost
ok well what if i buy one thats already built. say a small one around the 20 story range and built up? also why is the one hotel only 4 million? and this is somethink ill do in about 5 yrs would you think the economic status of the US would preval.
Las Vegas Club Passes
How much does a hotel in Las Vegas about 50-80 stories high cost
ok well what if i buy one thats already built. say a small one around the 20 story range and built up? also why is the one hotel only 4 million? and this is somethink ill do in about 5 yrs would you think the economic status of the US would preval.
Las Vegas Club Passes
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5 comments
banananose_89117 on May 5, 2009 at 7:40 am
Casinos today cost more than 1 billion dollars. The Echelon which opens in December is running around 4 million
Chris A on May 8, 2009 at 9:40 am
Depends - are you looking to build one from scratch or purchase one that is already constructed? 80 stories is unheard of in Vegas, the highest structures are in the low 50s.
If you really want a dollar figure, start with about $1 billion as the ‘average’ cost of a Vegas hotel, and be prepared to revise generously +/- depending on location, age, size, and quality.
Maxx P on May 8, 2009 at 9:45 pm
In the neighborhood of $2B. The two most recent completed buildings were The Palazzo (Venetian) and Encore (Wynn) at $1.6B and $1.9B. They’re in the 50-60 story range.
Banana, Echelon is on hold. They stopped construction on it this last week because of the state of the US economy and the credit crunch. It’s only 12-13 floors up and there’s no time-table when they’ll resume. They only say, they hope to continue in 2009. It was never slated for a December opening, it has always been planed for a Q3/Q4 2010 opening. Looks like it’ll be well into 2011 before it’s done, at the earliest.
nick m on May 9, 2009 at 4:31 pm
It could be FREE. Look at this ad in Backpage. Apparantly there is a resort giving a free weekend stay if you tour their property. Might be worth looking into.
LP on May 10, 2009 at 5:54 am
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