Stately hotel details revealed; Luxury complex planned for the former Clarion site
Anear a story of name changes, new owners and finally an implosion, land just east of the Strip is slated to get a luxury hotel.
Developer Lorenzo Doumani hosted a media event on Wednesday to discuss plans for his Majestic Las Vegas resort project. He said he expects innovate on the 720-room hotel in late summer or early fall and end in 2024.
The roughly $ 850 million project at 305 Convention Center Drive will not have a casino and is aimed at business travelers. It sits across from the newly expanded Las Vegas Convention Center and is expected to feature 35 corporate suites, priced at $ 10 million to $ 100 million, spread across the top 10 floors of the tower.
Of course, the coronavirus pandemic has dealt a heavy blow to Las Vegas tourism industry and shutting down conventions, although Doumani believes things will largely be back to normal by the time he opens Majestic.
“By then, it’s better either, or the world has a lot bigger problems, trust me,” he told the Review-Journal at Wednesday’s event. “If we’re still struggling with this stuff at the end of 2024, you know, God help us all. “
The project site is the former home of the Clarion, which Doumani imploded in 2015. The 12-story hotel had around 200 rooms – not particularly large by Vegas standards – but the history of the building was far from boring.
It opened in 1970, and over the years its names have included the Royal Inn, the Paddlewheel, the Debbie Reynolds, and the Greek Islands. After going bankrupt under the late actress Debbie Reynolds, it was bought at auction in 1998 by the World Wrestling Federation.
WWF presented plans to demolish the hotel and build a 35-story wrestling-themed casino, but ended up selling the property in 2000.
A developer bought the property in 2007 and filed plans for a 1.4 million square foot project that included two hotel towers. But after the housing bubble burst, lenders filed court documents in 2009 to push the owner into bankruptcy, and the property was lost through foreclosure.
Doumani bought the hotel in 2014, although its implosion did not go as planned. Part of an elevator shaft survived the blasts and had to be pulled down with steel cables.
Vaccines for the coronavirus are being rolled out, although anyone can guess how long it will take for people to feel safe again to travel again or for companies to hold trade shows and conferences in nobody like before.
Doumani, for his part, does not expect tourism to return immediately.
“I hope I am wrong and I wish I could be a little more optimistic,” he said.