The Platinum Hotel Las Vegas Plans For Opening

by Deidre Woollard (RSS feed)
Jan 10th 2006 at 11:02AM

After all the bad news coming out of Las Vegas recently, it's important to remember that hotels are actually getting completed. Hotel Interactive reports that The Platinum Hotel, a condo hotel and spa complex, will open in June. The hotel features 255 suites with views of the Strip and the mountains. All the units in the high-rise are fully-furnished condos. The Platinum is one of the smaller complexes. There is no casino and prices start at in the $200,000's for a one-bedroom suite.

Tags: condo development, las vegas, LasVegas, real estate, vegas

Filed under: Luxury Travel & Hotels, Spas

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David Weiss Jan 15th 2006 12:26AM

Yes, there has been a bit of bad news for Vegas Condos in the past month. While Related Companies' decision to abandon the ICON Las Vegas project is a let down, their stated reasoning makes sense - there is A LOT being built right now, and you have many developers chasing after the same finite resources. It pushes prices too high and makes developments not feasible financially. Perhaps in another 12-18 months, after some more projects are completed, we will see a second wave of development.

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