Downtown Grand Hotel & Casino Unveils Plan for New Hotel Tower

Downtown Grand Hotel & Casino announces expansion project that will add a third hotel tower to the downtown Las Vegas property

Downtown Grand Hotel & Casino unveiled on Monday plans to add a third hotel tower as downtown Las Vegas has been capturing more and more visitors in recent years and demand for hotel rooms has been growing.

The property, which opened doors in 2013 in the heart of downtown Vegas, broke ground on Monday on its third hotel tower that will be located on its east side. It will feature seven guest-room floors and is slated to open doors in mid-2020.

The new building will add 495 rooms, bringing the resort’s total to 1,124. In addition to 405 standard rooms, the project also involves 67 studio units, 20 one-bedroom suites, and three presidential suites, a press release from Monday reads.

Commenting on Monday’s announcement, property General Manager Kevin Glass said that they are “advancing [their] progressive growth plan for the Downtown Grand development” as demand for hotel rooms has grown steadily since the property’s launch more than five years ago. The official did not provide information about the downtown Vegas resort’s occupancy rates.

No Information on Planned Investment

It should also be noted that property officials did not disclose how much the expansion project will cost. Commenting on the matter, CBRE’s John Knott told the Las Vegas Review-Journal that similar projects usually cost somewhere between $200,000 to $350,000 per room, which means that Downtown Grand could spend up to $175 million on the newest addition to its portfolio.

The announcement about the construction of a new hotel tower at the existing resort arrived just days before local businessmen Derek and Greg Stevens, who co-own The D Las Vegas and Golden Gate, are to reveal essential details about their massive downtown Las Vegas development project.

The developers received last summer approval from the Las Vegas City Council to build a hotel and casino resort on Fremont Street. The property will occupy a 1,224,485-square-foot site on the north side of the Fremont Street Experience, right across the Golden Gate casino.

It will feature 777 hotel rooms, a 117,740-square-foot casino, as well as a number of food and beverage and entertainment facilities. The future resort has been billed as the first one of this kind to be built from the ground up in downtown Vegas since 1975 when the $10-million, 325-room California Hotel opened doors.

Essential information about the property, including its name, has been kept under wraps for a while now. More details about the project will be revealed at a special unveiling event on Thursday, December 10, at the Events Center owned by the Stevens brothers.

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