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New Joint Announced: W Las Vegas

By Chuckmonster on Tuesday, 23rd August 2005 7:55pm
  » filed under Las Vegas  comments: 0


Starwood Hotels & Resorts Worldwide Inc. intends to expand dramatically in Las Vegas, bringing its hip and urban W brand to one of the most competitive and coveted markets in the leisure industry.

Starwood is joining with Edge Resorts, a group of private investors, in a $1.7 billion project that will involve a mix of approximately 3,000 hotel and residential units and a 75,000-square-foot casino, along with 300,000 square feet of meeting space and additional shops. It's slated to open 2008.

Edge Resorts will control 75 percent of the project. Starwood, which is W's parent company, will own the remainder and manage the W Las Vegas hotel.

The project will sit on 21 acres located just east of the Las Vegas Strip, next to the popular Hard Rock hotel-casino.

"The other properties will orbit around us," Ross Klein, senior vice president and chief marketing officer for W Hotels Worldwide, told The Associated Press in an interview Tuesday.

Klein said he has been trying to bring one of the sleek and modern hotels to Las Vegas since the launching of the first W in late 1998. Klein said W customers have been clamoring for one in Las Vegas but he could never find the perfect location, partner, timing and scale.

"It was very important for us to go where our guests want to be," he said.

With Las Vegas gambling companies still churning out hefty profits, Klein said the market is "still red hot and white hot for innovation. W Las Vegas will definitely be a laboratory for a lot of what we are doing."



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