Las vegas hotel

Dream Hotel Group will build a new hotel casino in Las Vegas

The southern edge of the Las Vegas Strip is slated for a new hotel.

Dream Las Vegas developers are scheduled to hold a groundbreaking ceremony for the 531-room casino on Las Vegas Boulevard, just south of Russell Road, on Friday. The project, which is estimated to cost around $550 million, is expected to include restaurants, nightlife, a third-level pool deck, and meeting and event space.

The opening is scheduled for the end of 2024.

Dream, which is being developed by Southern California companies Shopoff Realty Investments and Contour, would be much smaller than the mega-resorts that line Las Vegas Boulevard. It would offer a boutique-style experience in an ultra-competitive market dominated by hotels that often have thousands of rooms, huge casino floors, and a long list of restaurants, clubs, and other amenities.

Located next to the Las Vegas airport, the project also faced issues such as illegal drone theft, laser lights and even hidden bombs in garbage trucks, leading to a series of changes to design.

Bill Smith, senior vice president of design and construction at Shopoff, told the Review-Journal that the resort will be the flagship property of New York-based operator Dream Hotel Group, which has Dream-branded locations in Manhattan. , Miami Beach, Nashville, Hollywood and Bangkok with many more in the works.