Creativity and distinction in the hotel business is essential to success. Hotel designers around the world have discovered the growing need for individuality in hotel spaces. Every day, hotel owners are ...
The 22-acre site of the proposed Dragon City Hotel and Resort casino in Las Vegas will go on the auction block May 16 during the International Council of Shopping Centers Convention. The property, which is three blocks off the Vegas Strip and adjacent to the city's Chinatown district, is being sold by Spring Mountain Wynn Investments LLC, which filed for bankruptcy earlier this year.
The site was recently appraised for $174 million, and the opening bid for it at auction has been set at $27.5 million. The land, which is slated for hotel/casino/entertainment use, took seven years to assemble and is fully entitled for gaming. All zoning permits and approvals are in place for a 28-story, 2,200-room hotel with 500,000 square feet of gaming, restaurant, entertainment and conference/meeting space.
If built, the Dragon City complex would be the first Asian-themed gaming site in the U.S.