DREAM LAS VEGAS ANNOUNCES START OF CONSTRUCTION AFTER OPENING CEREMONY IN LAS VEGAS, NEVADA
The inauguration ceremony of this exciting $550 million development took place today, Friday July 8at 10:00 a.m.and introduced the Governor of Nevada Steve Sisolak, Clark County Chairman of the Board of Commissioners James B. Gibson and Lieutenant Governor Lisa Cano Burkhead as speakers, alongside developers Guillaume Shopoff and David Daneshforooz, CEO of Dream Hotel Group Jay Stein and chief operating officer Michael Lindenbaumand Senior Vice President of McCarthy Building Companies Ross Edwards.
With increasing visitor numbers and more business relocations in recent history, Vegas is experiencing unprecedented growth and record wealth creation. The new Dream Las Vegas Hotel and Casino is expected to generate significant tax revenue and create 4,000 new direct and indirect construction jobs, while providing growing residential and commercial communities with a new reason to visit Vegas.
“The development of Dream Las Vegas is a great investment in our local economy – to boost tourism and create thousands of new jobs,” the Nevada state governor said. Steve Sisolak. “I’m thrilled to see the resort come to life in 2024, offering even more first-class amenities and services, and extending our state’s long history as a leader in hospitality and tourism.”
“The great thing about this development is that it helps us complete an important part of the boulevard that we have all seen underdeveloped for so many years,” added Clark County Commissioner Jim Gibson. “Finally, we have the opportunity to complete all the little things that have happened and that is huge for us. The economic value of this project far exceeds the $550 million investment. This is a Las Vegas Boulevard development reset to complete the work that needs to be done, and Dream is leading this reset. The result is something we will all be proud of.”
“This project represents a new kind of hotel experience in Las Vegas, offering tourists and locals a unique boutique hotel option on the Las Vegas Strip. the south end of the Strip, while providing countless jobs and income to local government,” explained the President and CEO of Shopoff Realty Investments. Guillaume Shopoff.
“As a native of VegasI am thrilled to be working alongside an amazing team and partners to achieve this important milestone in the development of Dream Las Vegas,” said Contour Founder and CEO David Daneshforooz. “Dream Hotel Group will bring new life to this end of the Strip with its curated food, beverage and entertainment offerings. »
“At Dream, we are all proud to play a part in creating what will be one of the most spectacular new additions to Vegas“said the CEO of Dream Hotel Group Jay Stein. “Vegas is a destination just like our Dream Hotels brand, marked by a young, vibrant energy and a vibrant culture and entertainment scene like nowhere else in the world. Working with innovative developers Shopoff and Contour, our goal is to create an experience-driven property that exceeds expectations, combining cutting-edge design, progressive programming and world-class hospitality with dining and nightlife. unmatched. We’re not just building another hotel, we’re building an experience that we hope will contribute substantially to the future of Vegas. Following the successful launch of Dream Hollywood, California in 2017, I have every confidence that Dream Las Vegas will be our new West Coast star and a vital addition to our growing portfolio.”
Steve HillCEO/President of the Las Vegas Convention and Visitors Authority added, “We are thrilled that Dream Las Vegas will soon join the spectacular Vegas skyline. We greatly appreciate the investment and vision of Shopoff Realty Investments, Contour and Dream Hotel Group in bringing a new ‘Only Vegas’ hotel, casino and entertainment experience to our millions of visitors.”
Scheduled to open in late 2024, Dream Las Vegas offers 531 beautifully appointed guest rooms and suites, and seven original dining and nightlife options, including a pool and day club on the third level, two bar and lounge concepts on the gaming floor, lobby bar, artisan coffee shop, and gelateria on the ground floor, plus a sports club, boutique nightclub, signature restaurant, and 24-hour restaurant on the third floor stage. The lifestyle hotel will also offer 12,000 square feet of meeting and event space, including a 5,000 square foot ballroom and 90-seat live entertainment theater, casino and hall. 20,000 square foot playground, a fitness center by TechnoGym and over-parking on site. Casino and gaming operations will be led by Peninsula Pacific Entertainment (P2E). Located along South Las Vegas Blvd., the hotel’s presence will support the local community and the 32 million tourists who visit Vegas every year, adding another facet to the south end of the Strip.
McCarthy Building Companies is the design-build contractor for the project. Senior Vice President Ross Edwards said: “We are proud to be part of this exciting design-build hotel and casino project on the Las Vegas Strip. This project will reflect the talent of approximately 1,200 construction professionals who will work on-site to bring the Dream Las Vegas brand to I can assure you that our industry is filled with excitement to help build a new Vegas benchmark and will do so in a work environment that is safe, welcoming, inclusive and empowering for all. »
The 20-story luxury hotel tower will feature a diverse mix of spectacular venues spread vertically across the rooftops and terraces composing the hotel’s design. The undulating contemporary design will feature a glass and lustrous metal facade, with stylistic details such as rounded corners, spacious double-height terraces, oversized windows and a unique aerodynamic character influenced by its context. When complete, Dream Las Vegas and its distinctly iconic architecture will introduce a refreshing new lifestyle-focused hotel experience and an innovative and welcome addition to the Vegas skyline.
Located at 5051 S. Las Vegas Blvd., across from the Mandalay Bay Resort and Bali Hai Golf Club, Dream Las Vegas will be one of the first hotel properties seen from the iconic Welcome to Vegas sign. Adjacent to the private aviation terminal at Harry Reid International Airport, two blocks from the new Allegiant Stadium (home of the NFL Las Vegas Raiders) and near the T-Mobile Arena (home of the NHL Vegas Golden Knights and Countless entertainment events including the Country Music Awards, Billboard Music Awards, iHeartRadio Music Festival and Strait to Vegas, a concert residency by the country music star George Strait), Dream Las Vegas is well situated to capitalize on the southward expansion of new Vegas developments, as well as the many hotels and casinos along the Las Vegas Strip.
With 15 hotels open today and 25 new sites in various stages of development around the world, Dream Hotel Group remains one of the fastest growing independent hotel companies in the world. The grand opening of Dream Las Vegas marks another exciting milestone in the continued growth and evolution of the company and its portfolio of lifestyle brands.
About Dream Hotels
Born in 2004, Dream Hotels are individually curated properties that together form a unique narrative. The brand is based on a design philosophy that is both surreal and contemporary chic. Situated in United States and overseas, the design of each property is informed by its local environment and brought to dream status by a group of world-renowned architects and interior designers. The result is a stay experience well suited to the discerning traveler seeking comfort in a truly cosmopolitan atmosphere. For more information about Dream Hotels, visit www.dreamhotels.com and follow @dreamhotels on Instagram.
About Dream Hotel Group
Dream Hotel Group is a hotel brand and management company with a rich 30-year history of managing properties in some of the most competitive hotel environments in the world. Home to its Dream Hotels, Unscripted Hotels, The Chatwal and new By Dream Hotel Group brands, Dream Hotel Group encompasses three business segments: Proprietary Brands, Hotel Management, and Restaurants and Nightlife. The company is committed to the philosophy that forward-thinking design, service and customer experiences should be available in all market segments. Dream Hotel Group is committed to providing travelers with an authentic connection to the destination of their choice through a truly original approach. With 15 hotels open today and 25 new sites in various stages of development around the world, Dream Hotel Group remains one of the fastest growing independent hotel companies in the world. For more information, visit www.dreamhotelgroup.com and follow @dreamhotelgroup on Twitter and LinkedIn.
About the outline
Contour is a privately held opportunistic real estate company that develops, owns and operates properties across United States. For more information, visit www.contourre.com or call (800) 964-8110.
About Shopoff Realty Investments
Shopoff Realty Investments is a Irvine, Californiareal estate company with a 30-year history of value-added and opportunistic investing across United States. The company is primarily focused on proactively generating appreciation through the repositioning of income-generating commercial properties and land asset law. The 30-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). For more information, visit www.shopoff.com or call (844) 4-SHOPOFF.
This is not an offer to buy or sell securities. Such an offer may only be made through the offering memorandum to qualified purchasers. Any investment in Shopoff Realty Investments programs involves substantial risk and is only suitable for investors who do not require cash and who can afford the loss of their entire investment. There can be no assurance that any strategy will be successful in achieving its investment objectives. The performance of this asset is not indicative of the future results of other assets. 1Performance has varied over this period, with some offers generating losses. Securities offered by Shopoff Securities, Inc. member FINRA/SIPC, 18565 Jamboree Road, Suite 200, Irvine, California 92612, (844) 4-SHOPOFF.
Katie FontanaDream Hotel Group, [email protected]
Corynne GordonShopoff Real Estate Investments, [email protected]
SOURCE Dream Las Vegas