The brothers say their resort will be the first built from the ground up in downtown in decades.īoyd Gaming Corp. The construction start comes days before Derek and Greg Stevens, co-owners of the D Las Vegas and Golden Gate, announce details of their new 777-room resort in downtown.
The new tower will consist of 405 standard rooms, 67 studio units, 20 one-bedroom suites and three presidential suites. Similar hotel projects in Las Vegas typically cost between $200,000 to $350,000 per room, said John Knott, head of CBRE’s global gaming group, implying a project price tag between $100 million and $175 million. ‘’We are advancing our progressive growth plan for the Downtown Grand development as the demand for our rooms have steadily increased since our opening,’’ general manager Kevin Glass said without disclosing the property’s occupancy rates.
The project will finish in mid-2020 and nearly double the resort’s room count to 1,124, the company said in statement. Benjamin Hager Las Vegas Review-Journalĭowntown Grand will start construction Monday on a new 495-room hotel tower as more tourists flock to Fremont Street and room rates rise.
