As recently disclosed by Marriott International, the property, which will be the result of a partnership between Marriott International and global development firm Witkoff, will be named The Drew Las Vegas.
It will be Las Vegas’ debut EDITION brand as well as the first JW Marriott on the Strip. Located at 2755 Las Vegas Boulevard South, the new property will be an integrated resort that will combine a hotel and casino, as well as other facilities. The complex will house 4,000 guest rooms and suites, as well as 500,000sqft of meeting, events, entertainment and convention space.
The hotel will be managed by Marriott International and will provide Marriott customers with a chance to redeem their loyalty points in Las Vegas for the first time.
Tony Capuano, EVP and Global Chief Development Officer for Marriott International, spoke of the venture, and said, “The Drew Las Vegas will become a landmark property for Marriott International. The resort will give our more than 100 million loyalty members the chance to enjoy our brand of hospitality in one of the most exciting and popular cities in the world, whether the visit is for a convention or a leisure trip.”
Steven Witkoff, Witkoff Chairman and Chief Executive Officer, said, “With Marriott International, we have the opportunity to leverage the world’s most powerful group and convention pipeline as well as an unmatched loyalty program to ensure we unlock the unparalleled value of this asset. This acquisition, made in partnership with New Valley LLC, is a well-designed, structurally-sound project with a significant discount to both replacement cost and the implied public market valuations of comparable Las Vegas Strip resorts.”