Downtown Grand Las Vegas Nv – Last month, it was announced that Downtown Grand had big plans for the parking lot, located a short walk to the west, and now comes news of a major upgrade on the opposite side of the complex.
The Grand’s California-based owner Sim Group plans to build an eight-story, 495-room hotel tower on the porte-cochere side of the building, filling the entire stretch of Fourth Street between Ogden and Stewart avenues.
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With an exterior design that will resemble the 18-story Casino Tower and the 25-story Grand Tower, the new addition will have direct access to the third-floor pool area. The structure will rise to street level in an updated version of the porte-cochere, still allowing guests to drive up to the front door and enter directly into the casino.
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The 250,000-square-foot addition will eventually upgrade the Downtown Grand to 1,125 hotel rooms. By comparison, the Golden Nugget, the largest resort, has 2,419 rooms, while the Plaza Hotel and Casino operates 1,037 rooms and suites.
Also on the way is the Quad, a 44,133-square-foot project designed to occupy the entire basement of a hotel parking lot on Casino Center Boulevard. The renovation will add meeting and business spaces, as well as a 7,259-square-foot fitness center with an outdoor grow wall that extends above the garage.
A 1,918-square-foot cafe and restaurant is planned for the Ogden Avenue side of the structure, and on the opposite side of the existing space there will be an 8,074-square-foot shaded “urban park,” with a continuous live stage. events. .
An estimated opening date or timeline for the start of construction on either project has not yet been announced. People walk along Third Street near the Grand Hotel-Casino in downtown Las Vegas on Tuesday, May 15, 2018. (Las Vegas Review-Journal)
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The Downtown Grand will break ground on a 495-room hotel tower Monday as more tourists flock to Fremont Street and room prices rise.
The project will be completed in mid-2020 and will nearly double the number of rooms to 1,124, the company said in a statement. No financial information is provided.
“We are advancing our development plan for the core downtown development as demand for our rooms has increased steadily since opening,” CEO Kevin Glass said, without disclosing the cost of the property.
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Similar hotel projects in Las Vegas typically cost between $200,000 and $350,000 per room, said John Knott, head of CBRE’s international gaming group, citing project prices between $100 million and $175 million.
The new tower will have 450 luxury rooms, 67 studio units, 20 bedrooms and three executive suites.
Construction begins before Derek and Greg Stevens, owners of D Las Vegas and Golden Gate, announce details of their 777-room downtown lounge. The brothers say their complex will be the first to be built in the city in decades.
Boyd Gaming Corp. CEO Keith Smith told investors in October that downtown Las Vegas continues to see “positive trends.”
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Boyd posted record revenue at its Fremont location, one of three it owns downtown, “amid an increase in foot traffic,” Smith said.
Gaming revenue at the center grew 26 percent from 2014 to 2017, but cooled to 1.3 percent in the first 11 months of 2018. Last year’s growth was hurt by the closing of Lucky Dragon, which the Gaming Control Board considers part of downtown.
The average daily rate for a room downtown has risen 14 percent over the past three years, from $61.30 in 2015 to $70.29 in the first 11 months of 2018. That’s still half the strip’s average rate.
Downtown Grand King room rates for the remainder of January are $115, including resort fees, and $94 in February. January is one of the best months for hotels because of CES and other big conventions.
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Seen on Third Street in front of the downtown Grand Hotel and Casino, Friday, Dec. 15, 2023, in Las Vegas. The Downtown Grand Hotel and Casino, along with all adjacent properties on 3rd Street, celebrated its 10th anniversary in October. (Daniel Pearson/Las Vegas Review-Journal)
Seth Shore, General Manager of the Downtown Grand Las Vegas, speaks during the groundbreaking ceremony on Tuesday, Nov. 12, 2013, at the Grand Downtown Las Vegas located at 206 N. 3rd Street. The Downtown Hotel-Casino, which opened its doors in October, joins the Downtown3rd community at the former Lady Luck location. (Samantha Clemens/Las Vegas Review-Journal)
Siler Chapman (cq), chef at Pizza Rock, tosses pizza dough after the grand opening ceremony at the Grand, 206 N. 3rd Street, in downtown Las Vegas on Tuesday, Nov. 12, 2013. Hotel-Casino. City, which opened in October, joins the downtown 3rd community at the former Lady Locke location. (Samantha Clemens/Las Vegas Review-Journal)
Las Vegas Mayor Carolyn Goodman addresses audience members during a groundbreaking ceremony Tuesday, Nov. 12, 2013, at the Grand Las Vegas, located at 206 N. 3rd Street in downtown Las Vegas. The Downtown Hotel-Casino, which opened in October, joined Downtown3. A society living on the old site of Lady Locke. (Samantha Clemens/Las Vegas Review-Journal)
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Downtown Grand Hotel and Casino, seen on Friday, December 1. September 15, 2023 in Las Vegas. The Downtown Grand Hotel and Casino celebrated its 10th anniversary in October. (Daniel Pearson/Las Vegas Review-Journal)
A special exhibit honoring the 10th anniversary of the Downtown Grand opened Friday, December 15, 2023, at the Grand Town Hotel & Casino in Las Vegas. The Downtown Grand Hotel and Casino celebrated its 10th anniversary in October. (Daniel Pearson/Las Vegas Review-Journal)
A sign honoring the 10th anniversary of the Downtown Grand Hotel and Casino is seen Friday, Dec. 15, 2023, in Las Vegas. (Daniel Pearson/Las Vegas Review-Journal)
A hot dog stand at the downtown Grand Hotel and Casino is seen Friday, Dec. 15, 2023, in Las Vegas. The Downtown Grand Hotel and Casino celebrated its 10th anniversary in October. (Daniel Pearson/Las Vegas Review-Journal)
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The hotel-casino celebrates 10 years of activity with a long history linked to gambling and the revitalization of the city centre.
Downtown Grand will celebrate its 10th anniversary on New Year’s Eve. The house opened in late October 2013, replacing the former Lady Luck after years of closure and signage changes on Fremont Street following the Great Recession.
The history of the casino property began in the mid-1960s. It opened in 1968 as a small Lady Luck Casino and by the late 1980s the property had two hotel towers with 743 rooms. But in 2006 the house moved back south and closed its doors.
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Real estate investment firm CIM Group purchased the property in 2007. The Southern California company spent “more than $200 million” to acquire and renovate the building.
However, the progress was not fast. The city and owners have spent years negotiating additional land deals and hoping to renovate the complex. At one point, then-Mayor Oscar Goodman called the structure “a rotting corpse,” Review-Journal records show.
Workers first demolished a nearby building.
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