Hilton Hotels Corporation is making a big bet on Las Vegas. The company on Monday announced that it has acquired a majority stake in the 700-room, upscale W Las Vegas, giving the world’s largest hotel company a foothold in the most dynamic destination in the United States. The deal, which was valued at $480 million, is expected to close in the first quarter of 2017.
Hilton Hotels and Resorts announced today an ambitious $350 million expansion plan that will transform the Las Vegas Hilton into the world’s most exciting hotel resort. The plan will transform the hotel and its surrounding resort into a city within a city, including a new 1,000-room luxury hotel, a new 100,000 square-foot casino complex, a new luxury retail mall, and new restaurants and shopping. The first phase of the project, which is expected to open early in 2007, will add more than 500,000 square feet of new meeting and convention space, additional retail outlets, and three new restaurants.
Tomorrow, The Cosmopolitan Las Vegas will open what is being billed as the world’s largest hotel-casino complex, and it’s hard to imagine a more appropriate setting. Located across the street from the Las Vegas Strip, the resort sits on the same street as the Bellagio, The Mirage and The New York New York. The Cosmopolitan will feature the largest number of hotel-casinos in the world, and its main tower, which will be open 24 hours a day, will be bigger than the rest.
Hilton Hotels will nearly double its presence in Las Vegas by the end of the year, just in time for the post-pandemic travel recovery. By the end of the year, the hotel giant plans to market more than 30 hotels and 11,000 rooms under 12 brands. This includes the opening of Virgin Hotels Las Vegas, Curio Collection, this month and the debut of Conrad Hotels & Resorts, LXR Hotels & Resorts and Hilton Hotels & Resorts in the integrated Resorts World Las Vegas complex in July. ADVERTISEMENT This, of course, is nothing new. The Hilton is one of the city’s pioneers: The Las Vegas Hilton has hosted many Elvis Presley shows, residencies at a time when they were not known as residences. Current trend Hilton helped create the Las Vegas we know today – the entertainment capital of the world has grown by investing in unparalleled hotels, restaurants, entertainment and design, said Chris Nassetta, president and CEO of Hilton, in a statement. Today we are raising the bar even higher by offering brands for all travel styles and focusing on high-end and luxury hotels. Las Vegas is one of the highlights of our global growth strategy, and we are excited to open thousands of rooms there as people begin to travel again. Hilton is seeking further expansion in the market and plans to build seven hotels with nearly 4,000 rooms under five brands to increase its presence by more than 50% by 2023. What can we expect? Hilton has reimagined and redesigned the Virgin Hotels Las Vegas, Curio Collection by Hilton. The hotel features an exclusive spa, a five-acre pool complex with VIP cabanas and lounge chairs, as well as a beach club, entertainment options, a state-of-the-art casino and 110,000 square feet of meeting and event space. Hilton’s historic partnership with Genting Group will usher in the opening of Resorts World Las Vegas on the 24th. June – the largest multi-brand deal in Hilton’s history. The $4.3 billion project brings together the world’s largest Conrad Hotels & Resorts, one of the first LXR Hotels & Resorts in the U.S., and the renowned Hilton Hotels & Resorts, each with its own entrance, lobby and room collection. In addition, Resorts World Las Vegas will be the largest Hilton hotel in the world, with 3,500 rooms and suites. With this opening, the Conrad and LXR join the Waldorf Astoria in the market, making Las Vegas the only location in the United States where all three of Hilton’s luxury brands are represented. Guests staying at any of the three hotels will enjoy world-class amenities on the Resorts World Las Vegas campus, including more than 40 dining options, seven unique pools, a sprawling next-generation casino, more than 250,000 square feet of flexible meeting space and a 5,000-seat theater that will soon host performances by Celine Dion, Carrie Underwood, Katy Perry and Luke Bryan.The Las Vegas Hilton, the resort that never sleeps, has been a landmark in historic Downtown Las Vegas since the 1960s. Much of its two million square foot structure was built underground to save on cost—and to take advantage of the city’s sultry summertime climate.. Read more about hilton hotel las vegas strip and let us know what you think.
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