Stations’ new resort is ‘new standard’ for locals

Dec 4, 2001 8:33 AM

With its opening just two weeks away, the Green Valley Ranch Station is expected to “set a standard for locals casinos,” according to Stations’ Chief Financial Officer Glenn Christenson.

“We believe Green Valley Ranch Station represents the next evolution in locals properties,” Christenson told GamingToday last week. “The property features a number of distinguishing features and new concepts, including a nationally-recognized list of restaurant tenants.”

While Station resorts have became popular with their innovative mix of dining choices, which include the Feast buffet, Guadalajara Bar and Grill, the Broiler and Pasta Palace, Christenson said Green Valley Ranch Station “raises the bar” with its upscale restaurant tenants. Among them are Il Fornaio Italian restaurant, Gustav Mauler’s Bullshrimp seafood restaurant and oyster bar, Fado Irish pub, Trophy’s restaurant and the Border Grill for Southwestern specialties.

Christenson predicted that Green Valley Ranch Station will be a popular property, “not only with the surrounding community, but with the airport and Strip just a few minutes away, it should attract a segment of the tourism trade.”

Located at the intersection of the I-215 Southern Beltway and Green Valley Parkway, Green Valley Ranch Station is a $300 million, low-rise resort hotel being built on 40 acres, which is part of a 170-acre multi-use commercial development in Henderson.

The project is a joint venture between Stations Casinos and GCR Gaming, which is principally owned by members of the Greenspun family. In addition to its equity interest, Station is the managing partner of the project and will receive a management fee for its services of two percent of the property’s revenues and approximately five percent of EBITDA.

Christenson’s comments came during a walk-through inspection of the property, which was accompanied by principal designer Scott Avjian. Architect of the project is the Friedmutter Group.

Located on a knoll with mountains for a backdrop, Green Valley Ranch Station is built to conform to the rolling topography.

“The key element in the project design is the bond between the landscape and the architecture,” Avjian said, adding that design of property was inspired by the beauty and charm of the villas on the Mediterranean, with influences from the California Ranch style mansions of Santa Barbara.

“The architectural team has done a superb job of creating an upscale look that is both warm and inviting,” said Mike Mecca, Green Valley Ranch vice president/general manager. “This is the perfect time for Green Valley Ranch to be built. Henderson is now the second largest city, yet we’re only seven miles from the Strip. In fact, that describes our little corner of the world: close to the action, but a world apart.”

Christenson pointed out that Green Valley Ranch Station “is essentially a Stations property,” offering the mix of amenities “for which we are so well known.”

But it will also include unique attractions, such as the superb roster of restaurants mentioned above, as well as Whiskey Sky Bar, a wildly popular nightclub chain with venues in Boston, New York and Los Angeles, and an 8-acre Backyard pool area that features private cabanas, day beds, bocce and tennis courts, meandering fountains and reflection pools, a poolside bar and grill plus outdoor gaming tables.

The Backyard will also feature an outdoor amphitheater, and a three-acre vineyard planted with Cabernet Sauvignon grapes.

Other hotel features include:

”¡ An 80,000-square-foot casino with vaulted ceilings and stunning metal sculpture and design elements. At the center of the casino will be a Drop Bar, surrounded by clusters of 53 table games, and approximately 2,500 gaming machines. There will also be a 170-seat race and sports book, and high-stakes salon.

”¡ A 10-screen Regal Cinemas theater.

”¡An 11,000-square-foot meeting and convention center.