Renovation projects in lodging, entertainment and gastronomy

Las Vegas Strip trends for 2020

What’s to come for the Las Vegas Strip in the next couple of years will be revolutionary
2017-11-27
Reading time 4:43 min
Known as one of the most iconic tourist destinations in the US, new deluxe hotel, resort and casino openings have been announced for Las Vegas Strip, as well as both completed and ongoing renovation plans for a few existing properties as well.

The strategic business and architectural planning requires an exquisite amount of time and money, and new upcoming changes are expected by the year 2020. Lined with some of the most upscale and luxurious hotels and casinos in the world, the Las Vegas Strip is the ideal picturesque image of the sin city that we all envision in our minds.
Within its scenic concentration of resort and casino real estate also lie world-class residential high-rise buildings, restaurants, unique entertainment complexes, a skyline that is to die for, and the most highly-rated live music performance venues and nightclubs that exist. Vegas is also home to some of the world’s biggest music festivals.

Over the past couple of years, the Las Vegas Strip has gained the most traveler attention to its date, and is now one of the most iconic tourist destinations in the US. With an increase in tourism comes the need to supply the strip with more of these modern and upscale hotels, resorts and casinos.

In fact, some of the most recognized properties have already revitalized under months of reconstruction. The Hard Rock Hotel and Casino revamped its Casino Tower’s 575 guest rooms this past year. The company wanted to accentuate guest rooms with a design that would incorporate the true atmosphere of the casino and high-roller lifestyle, which is the property’s main attraction. These renovations have attracted some of the hottest live music performers to the property.

Planet Hollywood also recently completed its renovation project during June. All 2,496 rooms were redesigned to represent the successes of Caesars Entertainment Corp and its existing luxury properties.  The newly designed rooms consist of brighter and more vibrant interiors full of color and mosaic portraits along their walls. Exceeding US$ 100 million dollars, these Planet Hollywood renovations are the first of Caesars’ Las Vegas properties to officially be completed.

The Flamingo is currently undergoing renovations as well. Its 1,270 new rooms will speak for the hotel’s name themselves, featuring flamingo pink colors, gold accents, and contemporary-retro designs all throughout. Official renovation completion is in 2018, but construction is going quickly and smoothly, meaning guests might even be able to experience the dashingly restored Flamingo property by the end of this year.

The acclaimed MGM Grand is currently undergoing a US$ 130 million dollar renovation on the strip in order to exceed competing properties in available overall space and guest capacity. The ongoing renovations will expand its already grand conference room and meeting space, introduce a new courtyard for private events and spawn eleven breakout rooms.

By the end of 2018 after undergoing a two-year, US$ 450 million makeover, the noted Monte Carlo Hotel will transform into the new Park MGM, which will be MGM Resorts International’s newest luxury brand. In an interview, MGM’s CEO Jim Murren expressed his interest in the investing and remodeling of the Monte Carlo, as it has been actively operating since 1996.

Wynn Resort and Casino is also revamping and will bring about a notion that the strip has never seen before. The property will be featuring its new Paradise Park concept, consisting of a 20-acre lagoon, a white sand waterfront and boardwalk, additional convention space, a new tower for about 1,000 new rooms, and fresh entertainment attractions. These striking add-on features will all reside alongside the resort on a 130-acre golf course owned by the company. It will be the first aquatic themed resort within the Las Vegas Strip borough. Construction for their new project is set to launch early this December and property owners expect the finishing touches to be completed by 2019.

Prominent Las Vegas hotel properties are all clustered in the strip’s most popular southern segment. To create a new wave of real estate property trends, a few relatively new and currently in-the-works properties are opening up in the northern part of the strip, which will heat up a neoteric area away from its original hot spot.

What was supposed to be the luxurious SLS Las Vegas hotel, a leading brand also existent in South Beach and LA, unfortunately did not gain as much popularity on this segment of the strip as investors had hoped for. Fortunately, W Hotels (now under the Marriott International umbrella) took on a decision to expose the W Hotel brand to the sin city as an expansion of the existing SLS Las Vegas, which opened up earlier this year. The concept of this new refined W property is that of “a hotel within a hotel”, with opulent aspects of the SLS still intact (dining and nightlife included) mixed with those of W Hotels, all creating a spectacular revamped property for high-class guests.

Shortly after the grand opening of the W Hotel, the opening of Las Vegas’s newest and most original property to date followed. The Lucky Dragon Hotel and Casino, an independently owned boutique property with 203 rooms, debuted its brand new and unique property concept in the northern cluster of the strip. The hotel was built to reflect authentic and traditional Asian culture and its prominent relationship with gaming. Its owners decided to make all aspects of the property as authentic as possible, from its ethnic dining options down to the language hotel employees use to greet and communicate with guests.

Throughout the hotel, guests will find common Asian table games such as Pai Gow poker, Baccarat, traditional slots, and a high-roller VIP gaming luxury area. Not to mention an indoor-outdoor Tea Garden “Cha Garden” featuring an exquisite tea sommelier, and a spa which promotes traditional Asian regional treatments such as acupuncture and reflexology among many others.

The Lucky Dragon features a lodging and entertainment image that Vegas has never witnessed since its upbringing, and a larger competing property nearby has fabricated a similar concept, except it is not set to open until 2020. Resort World, a US$ 7 billion project owned by Genting Group (a powerful Malaysian based company) is under way to become Las Vegas’s newest grand property, with 3,500 rooms on an 86-acre lot. Similar to the Lucky Dragon, Resorts World’s main thematic attraction reflects Asian cultures and lifestyles but in a larger and brighter light. Property owners decided to shift towards design elements that would attract millennials and represent a more modern Asian culture, such as the types you would find in Shanghai, China.

Las Vegas already attracts a certain crowd, a crowd that loves to party, gamble, indulge in prestigious lodging and dining, explore exclusive entertainment venues and events, and witness the unimaginable. What’s to come for the Las Vegas Strip in the next couple of years will be revolutionary for the sin city in terms of lodging and entertainment, and will offset a new wave of modernized destination trends never seen before.

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