Given Elvis Presley's long association with Las Vegas it seems strange that it has taken until now for an Elvis-themed casino to hit the Strip but Elvis is finally getting his own Vegas hotel. The plans call for a $3.1 billion development with an "Elvis-inspired" luxury hotel and casino, convention space, retail space, restaurants, showroom and a separate hotel-condominium building that will be operated by a joint-venture partner. There will also be complete wedding services for those with a hankering for an Elvis-themed wedding. Construction is set to begin at the start of 2009 with completion planned for the end of 2012.

New York-based FX Real Estate and Entertainment is a newly formed company that owns nearly 18 acres of land located at the southeast corner of Las Vegas Boulevard and Harmon Avenue in Las Vegas known as the Park Central Property. Their plan is to turn that area into a a hotel, casino, entertainment, retail, commercial and residential development project. They have entered into license agreements with Elvis Presley Enterprises, Inc., and Muhammad Ali Enterprises LLC, that allows them to use the intellectual property associated with these two icons in the development of real estate and entertainment attraction projects. The company plans to also pursue the development of, one or more hotels as part of the master plan of Elvis Presley Enterprises, Inc. to redevelop the Graceland property and surrounding areas in Memphis, Tennessee.

[via Freep]