Betting on Vegas
Las Vegas is getting a little more sinful.
In another sign that we can once again gamble on the country’s economy two major Las Vegas resorts are being overhauled. Caesars entertainment is investing $223 million in The Quad. An aging 2,000 room hotel on the Las Vegas strip.
In addition to that the timeshare company Westgate resorts has purchased the building formerly known as the Las Vegas Hilton. It plans on converting 200 of the nearly 3,000 rooms into time shares. The rest will remain open to regular hotel guests. The LVH was best known as the home away from home for Elvis Presley. His 58 show series broke Vegas attendance records and he set up his own penthouse in the hotel.
Both companies promise that once finished the buildings will have a completely different look. That includes updated rooms and bars, new stores, spas and a pool deck. The new owners say it’s time to re-invent parts of Vegas history. Plus they’re not located right on the strip which might make them more affordable.