A California real estate developer announced plans on Tuesday for a luxury hotel on the south Las Vegas Strip.
Located at 5051 S. Las Vegas Boulevard, with 5.25 acres of vacant land, which it will work to transform into a full-service luxury hotel.
The companies purchased the property from Fort Lauderdale real estate firm for $21 million.The sale closed on Feb. 14.
Dubbed Dream Hotel Las Vegas, plans for the hotel call for the property to feature 450 guest rooms, 56,000 square feet of food and beverage space including a rooftop nightclub, pool and deck, 12,000 square feet of ballroom/meeting space and a full-service spa, among other amenities.
The hotel will be managed by New York-based Dream Hotel Group.
When open, Dream Las Vegas will be unlike anything else currently available on the Las Vegas Strip, offering a new go-to destination for locals and out-of-town pleasure seekers alike.