Doumani Site Set to Go as $800M Single Tower (Las Vegas)
By Anthony Longo 23 10 2006
LAS VEGAS-Majestic Resorts Inc. has figured out what to do with the 5.5-acre site of the former La Concha Motel at the north end of the Strip, across from the soon-to-be redeveloped Stardust hotel and casino. Majestic CEO Lorenzo Doumani tells GlobeSt.com the site will hold a single 650-foot tower containing a mix of hotel, condo-hotel and straight condominium units. The $825-million endeavor is slated for occupancy in 2009.
Source: GlobeSt.
