Posted Aug 18, 2008, 7:55 PM
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Join Date: Jul 2005
Posts: 802
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from lasvegasstripdailey.com
Developers of The Plaza Hotel say they are still moving ahead.
Posted by Aaron Auxier - August 14th, 2008
Categories: Buzz, Construction, Hotels
Several recent news reports say that the financing for the purchase of the land for the future The Plaza Hotel Las Vegas has been extended. According to the reports, the loans were related to developer ELAD Properties’ purchase of the land (that once sat under the Frontier). While the financing extension is encouraging, the fact that the developer says they still plan on moving ahead next year is something happy to look forward to.
Quick Tidbit
The north end of the Resort Corridor would like nice with The Plaza Hotel. Not only would it bring billions worth of amenities to the area (near the already fantastic Wynn and Encore resorts), it could also make the north end of Las Vegas Boulevard the legitimate “Beverly Hills of the Strip”. The question is, can the Las Vegas Strip keep adding so many hotel rooms?
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