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Aladdin Plans Condo Tower

By Chuckmonster on Wednesday, 13th April 2005 9:08am
  » filed under Las Vegas  comments: 0


[ This time the Aladdin - Ed ]

Time-share magnate David Siegel said Tuesday that he will build a plush and ultramodern $400 million time-share tower adjacent to the new Planet Hollywood Resort & Casino in Las Vegas.

The deal brings together two of the top dealmakers in Orlando and the country in Siegel, owner of Westgate Resorts, and Robert Earl, founder and co-chairman of Planet Hollywood.

The 52-story building -- near the corner of the Las Vegas Strip and Harmon Road -- will tower over anything else in the time-share industry, Siegel said, and allow owners of the 800 luxury suites quick access to the gambling tables and other amenities of the casino.

"You couldn't ask for a better location," he said. "Planet Hollywood has a gold mine there. We want to mine some of that gold."

Earl, in partnership with Starwood Hotels and Resorts and Bay Harbour Management, is converting the old Aladdin Resort & Casino into the Planet Hollywood Resort & Casino.

The conversion is scheduled to be completed during the second half of 2006, when the Aladdin name will change to Planet Hollywood.



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