Las Vegas Real Estate: Bright signs ahead
There's more to Las Vegas than showgirls and lucky bets. And investors with foresight on the future on the changing landscape of Las Vegas' real estate see beyond the growth of casinos and gaming centers. Instead, they're cashing in on more functional and posh urban projects, like upscale hotels and shopping centers.
Newbie developers, along with some major real estate players, promise a fresh addition to the rows of malls as well as hotels along the bright Las Vegas Strip. Investment figures are on the rise, reaching at least $6 billion of the estimated $30 billion on hotel projects by new developers alone.
Experts are not at all surprised. With a favorable economy and investment climate, more are inclined to jump into the Las Vegas real estate wagon. In fact, developers who would not have come to Las Vegas two or three years ago are drawn to the place today, dropping hard-earned dough on land and property.
And resort operators and landowners in Las Vegas welcome the surge of investors. After all, a new mall or hotel would always mean an influx of tourist arrivals and yes, more reasons to stay for more than a weekend in Las Vegas!
On the other end, the city's established hotels are working overtime on marketing and customer loyalty programs, anticipating the opening of new and more upscale names, like Las Vegas' first W hotel which is a high-end hotel in Los Angeles, San Francisco and New York.
As for other brands, it's not going to be just any other Beverly Hills or Fifth Avenue brand. In fact, early blueprint of the projects unravel big names like Gucci and Armani.
And more of these cosmopolitan, Manhattan-like projects are underway. And yes, some might be finished sooner than expected. Developers are hoping to unfold exciting new hotels and malls along the colorful Strip by 2010.
Truly, real estate in Las Vegas is looking bright.
Newbie developers, along with some major real estate players, promise a fresh addition to the rows of malls as well as hotels along the bright Las Vegas Strip. Investment figures are on the rise, reaching at least $6 billion of the estimated $30 billion on hotel projects by new developers alone.
Experts are not at all surprised. With a favorable economy and investment climate, more are inclined to jump into the Las Vegas real estate wagon. In fact, developers who would not have come to Las Vegas two or three years ago are drawn to the place today, dropping hard-earned dough on land and property.
And resort operators and landowners in Las Vegas welcome the surge of investors. After all, a new mall or hotel would always mean an influx of tourist arrivals and yes, more reasons to stay for more than a weekend in Las Vegas!
On the other end, the city's established hotels are working overtime on marketing and customer loyalty programs, anticipating the opening of new and more upscale names, like Las Vegas' first W hotel which is a high-end hotel in Los Angeles, San Francisco and New York.
As for other brands, it's not going to be just any other Beverly Hills or Fifth Avenue brand. In fact, early blueprint of the projects unravel big names like Gucci and Armani.
And more of these cosmopolitan, Manhattan-like projects are underway. And yes, some might be finished sooner than expected. Developers are hoping to unfold exciting new hotels and malls along the colorful Strip by 2010.
Truly, real estate in Las Vegas is looking bright.
posted by realestatevegas | 12:03 AM
<< Home