Hyatt acquiring operator of under-construction Las Vegas hotel-casino

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tribuneledgernews.com

Closed Las Vegas Strip hotel gets new life, casino appears dead

Sometimes plans get shared for Las Vegas Strip resorts, casinos, restaurants, and retail stores that never actually come to be. It's challenging to build in Las Vegas - it is a desert that has few raw materials where the weather can be punishing - and many projects never get off the ground. In many cases, there are billion-dollar projects that kick…

Land-based ・ 22 April 2024

Review Journal

Dream Las Vegas construction could restart in 2024

Construction of the Dream Las Vegas casino-resort on the Strip could restart at the beginning of 2024, according to documents filed with Clark County. The owner of Dream Las Vegas - a planned 531-room boutique hotel on the south side of the Strip - applied for an extension with Clark County on its building permits for the project. A justification…

Land-based ・ 25 October 2023

Yogonet

Dream Las Vegas hotel-casino sees construction halted amid stalled funding plans

Construction work on Strip hotel-casino Dream Las Vegas has "fully stopped," according to local media, as the developers' stalled financing plans left them owing tens of millions of dollars for the project. Dream, on Las Vegas Boulevard just south of Russell Road, broke ground last year. Completion of the project is seemingly facing major…

Land-based ・ 22 March 2023

Fox 5 Vegas

Construction ‘temporarily paused’ on hotel-casino project on south Las Vegas Strip

LAS VEGAS, Nev. (FOX5) - Developers of the Dream Las Vegas luxury hotel and casino on the south end of the Strip announced the project is "temporarily paused." Developers of the project, Shopoff Realty Investments and Contour, broke ground on the 20-story hotel and casino last July. At the time, company officials had said Dream Las Vegas was…

Land-based ・ 22 March 2023

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Albany Herald

Las Vegas Strip Dream Casino Has a New Owner

A hotel giant has now become a player in Sin City by buying a unique hotel that's aimed at an important niche. Some hotels are just places to stay while you explore a city. But many hotels pride themselves on being attractions unto themselves. They usually cost more, but they deliver a more stylish experience, with elevated food and…

Land-based ・ 01 December 2022

Yogonet

Hyatt acquires Dream Hotel Group amid plans for upcoming Dream Las Vegas development

Hyatt Hotels Corp. announced Tuesday that it has reached a deal to acquire Dream Hotel Group, with the buyer slated to pay a base price of $125 million, and up to an additional $175 million over the next six years "as properties come into the pipeline and open." The agreement comes as Dream Hotel Group moves ahead with plans for the upcoming Dream…

Industry ・ 30 November 2022

Travel Weekly

Work begins on a new hotel-casino on the Las Vegas Strip: Travel Weekly

The property, near the "Welcome to Fabulous Las Vegas" sign south of Mandalay Bay and the Bali Hai Golf Club, is being developed by Shopoff Realty Investments and Contour in partnership with Dream Hotel Group. The $550 million development, under a contemporary glass and metal facade, will feature seven dining and nightlife venues, 12000 square feet…

Travel ・ 26 October 2022

Yogonet

South Strip casino and hotel Dream Las Vegas begins construction following groundbreaking attended by Gov. Sisolak

Upcoming Las Vegas Strip hotel and casino Dream Las Vegas saw its groundbreaking last Friday in a ceremony attended by representatives for developers Shopoff Realty Investments and Contour, which have partnered with Dream Hotel Group, and state officials including Nevada Gov. Steve Sisolak. The project has been described by its developers as a…

Land-based ・ 09 August 2022

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Construction Dive

$550M hotel-casino latest in Las Vegas entertainment push

Demand for entertainment and hotel projects in Sin City, like the Dream Las Vegas, remain strong despite economic headwinds and signs of cratering consumer confidence. That's because the nonresidential construction sector could weather these economic headwinds better than others due to its longer planning and funding timelines, said Bill Shopoff,…

Religion ・ 26 October 2022

Hospitality Net

­­­­­­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…

Land-based ・ 30 December 2022

Review Journal

Dream Las Vegas breaks ground at south Strip

Las Vegas' newest hotel project is poised to take shape. Developers held a ceremonial groundbreaking Friday for Dream Las Vegas, a 531-room casino-resort along the south edge of the Strip. The project is estimated to cost $550 million and expected to open in late 2024. It is slated to feature dining and nightlife venues, 12000 square feet of…

Covid ・ 09 July 2022

The Street

Unique Resort Casino Headed to the Las Vegas Strip

The Las Vegas Strip has become a land where casino operators have generally decided bigger is better. Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts International (MGM) - Get MGM Resorts International Report mostly operate massive megaresorts while Wynn Resorts' (WYNN) - Get Wynn Resorts Limited Report signature…

Land-based ・ 08 July 2022

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Dream Hotel Group to Build New Las Vegas Hotel Casino

The south edge of the Las Vegas Strip is set to get a new hotel. Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino-resort on Las Vegas Boulevard just south of Russell Road. The project, estimated to cost around $550 million, is slated to feature restaurants, nightlife, a third-level pool…

Land-based ・ 07 July 2022

Fox 5 Vegas

Developers to break ground Friday on hotel-casino on south Las Vegas Strip

LAS VEGAS, Nev. (FOX5) - Developers on Friday will officially break ground on a luxury hotel and casino to be built on the south Las Vegas Strip. According to a news release, Shopoff Realty Investments and Contour will begin construction on their 20-story hotel and casino, Dream Las Vegas. The property is expected to open with 531 guestrooms and…

Land-based ・ 21 October 2022

Recent Slot Releases

New Casino Resort for Las Vegas Strip

The Las Vegas Strip is about to get a new casino resort next to the airport, Dream Las Vegas, with a ceremonial ground-breaking taking place on Friday. The 531-room property is expected to open in late 2024. The project's price tag is near the $550m mark and it will feature restaurants, nightlife, a third-level pool deck and meeting and event…

Travel ・ 06 July 2022

The Street

Unique New Casino Resort Coming to the Las Vegas Strip

The pandemic somehow led to a major construction boom in Las Vegas. Even though the city shutdown for a brief period where its casinos had to completely close, that did not stop construction in Sin City, Resorts World Las Vegas opened during the pandemic bringing a major new resort casino the somewhat neglected north end of the Strip. That project…

Travel ・ 02 July 2022

Review Journal

New Las Vegas hotel-casino ready to break ground next to airport

The south edge of the Strip is set to get a new hotel. Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking July 8 for the 531-room casino-resort on Las Vegas Boulevard just south of Russell Road. The project, estimated to cost around $550 million, is slated to feature restaurants, nightlife, a third-level pool deck and…

Land-based ・ 01 July 2022

Review Journal

New Dream Las Vegas hotel-casino ready to break ground next to airport

The south edge of the Strip is set to get a new hotel. Developers of Dream Las Vegas are scheduled to hold a ceremonial groundbreaking Friday for the 531-room casino-resort on Las Vegas Boulevard just south of Russell Road. The project, estimated to cost around $550 million, is slated to feature restaurants, nightlife, a third-level pool deck and…

Land-based ・ 22 October 2022

Hospitality Net

Shopoff Realty Investments and Contour Secure Entitlement Approvals for Dream Las Vegas on the Las Vegas Strip

LAS VEGAS - Joint-venture partners, Shopoff Realty Investments (Shopoff), and Contour, announced today that they have successfully secured necessary entitlements for the full development of Dream Las Vegas, paving the way for the next step in completion of a new full-service luxury lifestyle resort and casino. The property is situated on a prime…

Land-based ・ 25 October 2021

Casino City Times

Dream Hotel Group brand coming to Las Vegas Strip

Land-based ・ 22 October 2021