Hotel rooms

LVCVA plans $4.5 billion in projects, 7,602 new hotel rooms by 2024

The Las Vegas Convention and Visitors Authority plans to spend $4.512 billion to add 7,602 hotel rooms and 791,000 square feet of convention space in Southern Nevada by the end of 2024.

If these 29 projects are completed as planned, the region would have a total of 158,059 rooms in two years.

The figures were disclosed in the LVCVA’s tourism construction bulletin published on Friday.

The bulletin says 12 projects that added 5,179 rooms and 670,000 square feet of convention space at a total cost of $4.888 billion were completed in 2021.

The list of future projects to be completed by the end of this year includes the reopening of the palms under its new owners, the San Manuel Band of Mission Indians. This will reintroduce 766 hotel rooms and 190,000 square feet of meeting space to the market in the spring, and 127 rooms at the new Holiday Inn Express at Railroad Pass which will open in the fall.

The biggest project on the horizon is Fontainebleau Las Vegas on the Strip, with 3,780 hotel rooms and 550,000 square feet of meeting space expected to be added to the city’s inventory by Q4. 2023.

By the fourth quarter of 2023, Station Casinos’ $750 million neighborhood casino project is also being built on Durango Drive in southwest Las Vegas, which will add 211 hotel rooms and 21,000 square feet of meeting space.

The $1.9 billion MSG Sphere at the Venetian, a 17,500-seat entertainment venue, is also expected to be completed by the end of 2023.

The largest hotel project slated for completion in 2024 is the $850 million, 720-room non-gaming Majestic Las Vegas being built on the former Clarion Hotel site across from West Lobby at Las Vegas. Convention Center on Convention Center Drive.

Six new properties are scheduled for completion in 2024. Element Las Vegas Airport with 119 rooms and a Springhill Suites by Marriott with 170 rooms are scheduled for completion in January of the same year.

The 284-room, $100 million Delta Hotels by Marriott, with 10,000 square feet of meeting space, is due to open in February 2024; the 322-room, $95 million AC Hotel by Marriott, with 20,000 square feet of meeting space; and the 119-room Element Las Vegas.

The 527-room, $500 million Dream Las Vegas is also expected to be completed in calendar year 2024.

The construction bulletin lists several transportation projects slated for completion beyond 2024. The $8 billion Brightline West high-speed rail project, which includes a two-story, 65,000-square-foot Las Vegas station, is on the bulletin, as did the 29-mile, 51-station Vegas Loop Underground Transportation Project by The Boring Co.

Contact Richard N. Velotta at [email protected] or 702-477-3893. To follow @RickVelotta on Twitter.