S&P Study Predicts Future
According to a recent reviewjournal.com article, a S&P report finds that the five-year, $20 billion building boom under way on the Strip will roughly double the high-end inventory of rooms costing $200 a night or more.
The S&P also hazards a guess as to which projects they say will go boom and which will go bust. To date, they’ve called one right already….Las Ramblas went belly up a few weeks ago. Here are the others:
Will make it to completion:
• The $1.8 billion Palazzo with 3,025 rooms.
• The $1.7 billion Encore at Wynn Las Vegas with 2,054 rooms.
• The $7 billion Project CityCenter with 7,700 rooms.
• The $4 billion Echelon Place with 3,300 rooms.
Likely to go bust:
• The $2 billion Cosmopolitan with 3,000 rooms.
• The $1.5 billion Fontainebleau with 4,000 rooms.
• The canceled $3 billion Las Ramblas with 1,225 rooms.
• The $1.7 billion W Las Vegas with 3,000 rooms.
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