Developer looks to break ground on $850M Las Vegas hotel in early ‘22

The developer of an off-Strip edifice has pushed backmost the planned groundbreaking day but inactive aims to decorativeness the towering task 3 years from now.

Majestic Las Vegas developer Lorenzo Doumani told the Review-Journal connected Wednesday that helium plans to commencement operation connected the 720-room edifice successful the archetypal 4th of 2022, aft saying successful January that helium expected to interruption crushed successful precocious summertime oregon aboriginal autumn this year.

However, Doumani said helium is “still connected track” to implicit Majestic successful precocious 2024.

He indicated helium hasn’t started buying operation materials for Majestic and said helium needs to excavate the property, connected Convention Center Drive adjacent the northbound Strip, and bash different tract enactment for 9 months earlier the edifice operation starts taking shape.

But, successful talking astir the caller groundbreaking date, helium cited supply-chain woes that person affected aggregate industries, from operation to car sales.

“It’s conscionable sheer insanity,” helium said. “You can’t get anything.”

His astir $850 cardinal task would not person a casino and is aimed astatine concern travelers. Majestic is crossed from the Las Vegas Convention Center’s recently built conception and is slated to diagnostic 35 firm suites, offered for merchantability from $10 cardinal to $100 million.

The suites would scope from 5,000 to 25,000 quadrate feet and inhabit the tower’s apical 10 floors, Doumani said, adding income volition commencement astatine the extremity of this month.

Las Vegas has seen gains successful tourer postulation aft the coronavirus outbreak sparked a plunge successful visitors past year. But its usually lucrative normal manufacture lone started to look successful caller months from its pandemic-induced coma.

The archetypal large commercialized amusement successful the U.S. since the pandemic hit, World of Concrete, was held successful June astatine the Las Vegas Convention Center’s caller West Hall.

Doumani said the normal manufacture is “slow but picking up.” It’s obscurity adjacent to pre-pandemic levels, though ample gatherings are besides booked agelong successful advance, helium said.

His task tract is the erstwhile location of the Clarion hotel, which Doumani purchased successful 2014 and imploded the adjacent year.

Doumani obtained Clark County approval of his edifice improvement successful 2019 and had hoped to interruption crushed connected Majestic past year, but the pandemic delayed his plans, helium antecedently said.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.