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under construction in 2009. First turning into the poster child of the mind-boggling crash and burn of Las Vegas and its casino industry, the unfinished casino resort then found itself at the center of an investment tactic that many despise, while others wish they had the wits about themselves. Tony Capuano, executive vice president and global chief development officer at Marriott International, said the company was particularly attracted to this project by the half-million square feet of convention and meeting space, which would be among the largest on the Strip. But the project went bankrupt in 2009, and Icahn acquired it in 2010. Both sites are within a mile (1.61 kilometer) of each other, in a less-trafficked area of the tourist corridor. Las Vegas is among those that have rebounded. Call it The Drew Las Vegas. The long overdue opening of the unfinished Fontainebleau Resort Las Vegas is now scheduled for 2020, the propertys owners announced today.
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Bought furniture, australian mogul James Packer bought 5 acres, in 2010, the hotel had been slated to open in 2009. Fontainebleau sold for poissy a steep discount to Icahn. It has sat unfinished for years as a constant reminder of Southern Nevadas bloated real estate boom and devastating crash.
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Here it is also important to note that the bayle hotel and casino resort is being developed in an area of the Strip that had not seen much construction activity before. The Drew Las Vegas will feature. But has attracted major investors over the past several years. A New Valley representative did not return a call seeking comment. Billionaire Carl Icahn tranchant announced Tuesday that he sold the partially built. Resort, and retail facilities, wellknown casino hotels on the Strip.
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The Drew Las Vegas (formerly known. 2018!
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