Plans are under way to build a deco-style all-suite hotel, Majestic Resort and Residences, on the site of the historic La Concha Motel on the Las Vegas Strip.
The La Concha was leveled two months ago, and the 378-suite hotel project next to the Riviera is expected to break ground this summer.
In addition to the hotel tower, the project will include high-end condominiums and a dining, shopping and entertainment complex.
Belgium-based Conrad Hotels, which is owned by Hilton Hotels Corp. agreed to operate and manage the hotel. Construction is slated for completion in 2006.
When completed the Majestic will feature two of the tallest hotel towers in Las Vegas. Other facilities will include 13 meeting rooms and boardroom, one main and one junior ballroom, a spa and fitness center, and an Olympic-sized pool.
"The Conrad project is a boutique by Las Vegas standards," said Erika Yowell of the Las Vegas Convention and Visitors Authority. "All of this development really speaks to the optimism that exists about the future of the city and its ability to attract visitors."
Development in Las Vegas over the next two years will add nearly 6,500 new hotel rooms to the city’s inventory. Last year, more than 3,800 rooms came online, bringing the citywide total to 130,850, more than any other city in the world.
Earlier this year, the $100 million Marriott Renaissance, a 15-story, 158-room hotel adjacent to the Convention Center, broke ground. It is the most expensive non-gaming project to be developed and should open next year.
Later this year, the Bellagio will complete its $375 million, 928-room Spa Tower that is currently under construction.
And in April 2005, Wynn Las Vegas will open ”” the first mega resort to open in Las Vegas since the Aladdin in the summer of 2000, and the most expensive resort on the Strip at $2.5 billion.