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Las Vegas Has Numerous High-Profile Hotel / Resort Projects in the Works for 2024

Hotel/Resort Projects

Las Vegas Has Numerous High-Profile Hotel / Resort Projects in the Works for 2024

LAS VEGAS, NV – Las Vegas has seen an explosion of development in recent years, and 2024 doesn’t seem to indicate the momentum will be slowing down anytime soon. That being said, there are a number of high-profile hotel and resort projects in the works during this upcoming year, and below you’ll find a breakdown of some of the more significant ones, along with their current status.

First up is Dream Las Vegas, a boutique hotel that has been proposed to be built on Las Vegas Boulevard. Construction on the 531-room project halted in early 2023 after the developer’s financing infamously – and publicly – dried up; however, developer Shopoff Realty investments announced in October that it was attempting to acquire new financing, and that development was tentatively slated to start up once again in the early months of 2024. However, as of now there has been no additional progress made on the project, although Shopoff Realty Investments CEO and President, Bill Shopoff, recently announced that he had reached a loan commitment, with new financing expected to close in February and work on the project to resume by late March.

Next on our list is the Atari Hotel – yes, as in the legendary videogame brand – which is being described by developer GSD Group as a “modern hospitality experience inspired by gaming culture.” Las Vegas was announced as being one of the first locations for the new Atari-branded hotel chain, with renderings of the project originally publicly revealed in 2020. The hotel was slated to take the form of a 400-room facility located adjacent to the Las Vegas Strip, with an anticipated opening date of late 2022, but that date came and went without any progress. However, Atari Hotels recently reached out to the media and announced that GSD Group is currently in talks to find a site for the project, indicating that it is still in the works.

The Mirage Las Vegas transferred operations in December 2022 from MGM Resorts International to new owners Hard Rock, the gaming arm of the Seminole Tribe of Florida, who purchased the rights to operate resort for $1.075 billion; this marks the first time that a Native American tribe has run a Las Vegas Strip-based casino in history. While Hard Rock plans to continue operating The Mirage under its current name for the time being, the plan is to re-brand the resort with the Hard Rock name in 2024 and redevelop the building into the same trademark guitar-style shape as other Hard Rock resorts. The eventual plan for the resort includes a 600-room, 660-foot-tall project along Las Vegas Boulevard – slated to be built exactly where the existing Mirage volcano currently is – with 49,000 square feet of gaming area and 96,000 square feet of retail and restaurants; amenities will include a pool, spa, fitness center, and salon.

And finally, a currently-unnamed 43-story casino-resort project backed by billionaire Tilman Fertitta Is expected to make some serious progress this year. The proposed hotel is slated to be located at the southwest corner of Las Vegas Boulevard and Harmon Avenue, and applications for building permits were originally submitted in March 2023. The project is envisioned as a hotel resort with 2,420 hotel rooms, in addition to multiple restaurants, meeting and convention space, a spa, wedding chapel, and a 2,500 seat theater.

Of course, this is just a small sampling of the many high-profile works that are in development right now in Las Vegas; a follow-up article will shed light on more.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.