Developer hopes to open $ 850 million hotel in Las Vegas in early 22

The developer of an off-Strip hotel has pushed back the planned inauguration date but still aims to complete the massive project within three years.

Majestic Las Vegas developer Lorenzo Doumani told the Review-Journal on Wednesday that he plans to begin construction of the 720-room hotel in the first quarter of 2022, after saying in January that he plans to start late summer or early fall this year. .

However, Doumani said he was “still on track” to complete Majestic by the end of 2024.

He said he had not started purchasing building materials for Majestic and had to dig the property, on Convention Center Drive, near the North Strip, and do other construction work for nine months before. that the hotel tower begins to take shape.

But, speaking of the new inauguration date, he cited supply chain issues that have affected multiple industries, from construction to auto sales.

“It’s just pure madness,” he said. “You can’t get anything. “

Its approximately $ 850 million project would not have a casino and is aimed at business travelers. The Majestic sits across the street from the newly constructed section of the Las Vegas Convention Center and is expected to feature 35 corporate suites, priced at between $ 10 million and $ 100 million.

The suites would be 5,000 to 25,000 square feet in size and occupy the top 10 floors of the tower, Doumani said, adding that sales would begin at the end of this month.

Las Vegas saw gains in tourist traffic after the coronavirus outbreak triggered a drop in visitor numbers last year. But its normally lucrative convention industry only began to emerge in recent months of its pandemic-induced coma.

The first major trade show in the United States since the start of the pandemic, World of Concrete, was held in June in the new West Hall of the Las Vegas Convention Center.

Doumani said the convention industry is “slow but recovering.” It is nowhere near pre-pandemic levels, although large gatherings are also booked well in advance, he said.

His project site is the former home of the Clarion Hotel, which Doumani bought in 2014 and imploded the following year.

Doumani got Clark County approval for the development of his hotel in 2019 and had hoped to innovate on Majestic last year, but the pandemic has delayed his plans, he said previously.

Contact Eli Segall at [email protected] or 702-383-0342. To follow @eli_segall on Twitter.