Fontainebleau Las Vegas confirmed to open in Q4 2023
Fontainebleau Development and partners Koch Real Estate Investments say the project is 75 per cent complete.
US.- Fontainebleau Development has confirmed that it is targeting the fourth quarter of 2023 for the opening of its x 67-storey Las Vegas casino resort. Fontainebleau Development and partners Koch Real Estate Investments held a gold-shovel ceremony in November after acquiring the property in February 2021. The project is now reported to be 75 per cent complete.
The casino spans 25 acres and approximately 9 million square feet at the Strip’s north end, adjacent to the West Hall of the Las Vegas Convention Center. It will have 3,700 rooms and convention space upwards of 550,000 square feet, pools, shops and restaurants, a spa, and nightlife offerings. Upon opening, Fontainebleau Development will be the sole hotel operator.
Jeffrey Soffer, Fontainebleau Development chair and chief executive officer, said: “We are grateful to have the opportunity to finish what we started and finally introduce the iconic Fontainebleau brand into one of the world’s largest hospitality destinations. We are excited to make this dream a reality.”
Jake Francis, president of Koch Real Estate Investments, said: “Our goal at Koch Real Estate Investments is to partner with best-in-class management teams that have the drive and vision to bring unique solutions to each community in which we have a presence, and we’ve done that here with the Fontainebleau Development team.”
Brett Mufson Fontainebleau Development president, added: “The Las Vegas tourism industry has shown incredible resilience throughout the last two years, and we believe our target opening date allows us to perfect our vision while positioning Fontainebleau Las Vegas for success in a new era of growth and visitation.
“This represents not only an investment in real estate, but also an investment in the community, and we look forward to having a positive presence and impact on Las Vegas for generations to come.”
Fontainebleau Las Vegas: a long delayed project
Construction started on what was then called the Fontainebleau in 2007, but ended a few years later when the $2bn project went bankrupt. After being bought by billionaire investor Carl Icahn and left in limbo for years, developer Steve Witkoff bought the property in 2017 with plans to open as The Drew but that also fell through. Koch Real Estate Investments bought the property in February for $350m.
See also: Construction at Fontainebleau Las Vegas finally advances
