­­­­­­Dream Las Vegas Announces Start Of Construction Following Ceremonial Groundbreaking In Las Vegas, NV

eveloped by Shopoff Realty Investments and Contour, in partnership with Dream Hotel Group, Dream Las Vegas will be a driving force in the ongoing revitalization and rejuvenation of the south end of the Las Vegas Strip. The 531-room lifestyle hotel and casino pairs global architecture firm DLR Group with interior design by AvroKo, Rockwell Group and DLR Interiors, and is expected to open with seven experiential dining and nightlife venues, 12,000 square feet of meeting and event space and a 20,000-square-foot casino, in late 2024.

The groundbreaking ceremony for this exciting $550 million development took place today, Friday, July 8, at 10:00 a.m., and featured Governor of Nevada Steve Sisolak, Clark County Board of Commissioners Chairman James B. Gibson and Lieutenant Governor Lisa Cano Burkhead as speakers, along with developers William Shopoff and David Daneshforooz, Dream Hotel Group CEO Jay Stein and COO Michael Lindenbaum, and McCarthy Building Companies' Senior Vice President Ross Edwards.

With rising visitor numbers and more business relocations in recent history, Las Vegas is experiencing unparalleled 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 also offering the growing residential and business communities a new reason to visit Las Vegas.

Set to open in late 2024, Dream Las Vegas features 531 highly appointed guestrooms and suites, and seven original dining and nightlife options, including a third-level resort pool and day club, two bar and lounge concepts on the gaming floor, a lobby bar, craft coffee café and gelateria on the street level, as well as a sporting club, boutique nightclub, signature restaurant and 24-hour diner on the third floor. 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 theatre, a 20,000-square-foot casino and gaming floor, a fitness center by TechnoGym and on-site parking. Casino and gaming operations will be led by Peninsula Pacific Entertainment (P2E). Situated along emerging South Las Vegas Blvd., the hotel's presence will support the local community and the 32 million tourists that visit Las Vegas each year, adding another facet to the south end of the Strip.

McCarthy Building Companies is the design-builder contractor for the project. Senior Vice President Ross Edwards said: "We are proud to be a 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 be working onsite to bring the Dream Las Vegas brand to life. I can assure you our industry is filled with enthusiasm around the opportunity to help build a new Las Vegas landmark and will do so in a work environment that is committed to safety, and is welcoming, inclusive, and empowering to all."

The 20-story luxury hotel tower will feature a diverse mix of dramatic venues distributed vertically throughout the composition roof decks and terraces of the hotel design. The undulating contemporary design will feature a lustrous glass and metal façade, boasting stylistic details such as radiused 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 Las Vegas skyline.

Located at 5051 S. Las Vegas Blvd., across the street from 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 Las Vegas sign. Adjacent to the private aviation terminal at Harry Reid International Airport, two short blocks from the new Allegiant Stadium (home of the NFL Las Vegas Raiders), and nearby T-Mobile Arena (home to 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 country music star George Strait), Dream Las Vegas is well-situated to capitalize on the southward expansion of new Las Vegas developments, as well as the numerous hotels and casinos along the Las Vegas Strip.

With 15 hotels open today and 25 new locations in various stages of development worldwide, Dream Hotel Group remains one of the fastest growing independent lifestyle hotel companies in the world. The groundbreaking of Dream Las Vegas signals another exciting milestone in the continued growth and evolution of the company and its portfolio of lifestyle brands.