Las Vegas could have a Marriott casino

The Marriott Resort and Casino chain is preparing a project to expand into Las Vegas.

US.- Marriot, operator of internationally-renowned resorts and casinos, has revealed that it is planning to expand business in Las Vegas. The project would be completed by 2020 and would include an exclusive hotel and a new casino for the city. The Las Vegas venue would be operated with global development firm Witkoff.

Ushering in a new era of world-class hospitality, the integrated resort and casino – to be named The Drew Las Vegas – will debut the EDITION brand in Las Vegas and mark The Strip’s first JW Marriott. Expected to open in late-2020, the resort will feature nearly 4,000 rooms and suites as well as over 500,000 square feet of convention and meeting space. Once open, the hotels will be managed by Marriott International.

“The Drew Las Vegas will become a landmark property for Marriott International,” said Tony Capuano, EVP and Global Chief Development Officer, Marriott International. “The resort will give our more than 100 million loyalty members the chance to enjoy our brand of hospitality in one of the most exciting and popular cities in the world, whether the visit is for a convention or a leisure trip.”

“With Marriott International, we have the opportunity to leverage the world’s most powerful group and convention pipeline as well as an unmatched loyalty program to ensure we unlock the unparalleled value of this asset,” said Witkoff Chairman and Chief Executive Officer, Steven Witkoff. “This acquisition, made in partnership with New Valley LLC, is a well-designed, structurally-sound project with a significant discount to both replacement cost and the implied public market valuations of comparable Las Vegas Strip resorts.”