treasure island

Phil Ruffin's Treasure Island Deal

While times may be tough, there are some savvy billionaires who are using their money to get some good deals (like Eli Broad cleaning up at this fall's art auctions). Another dealmaker is Phil Ruffin who just spend $500 million in cash (plus another 275 million in secured notes) to pick up the Treasure Island casino from MGM Mirage. Ruffin, who is also a business partner of Donald Trump and part-owner of Trump International Hotel & Tower , has had luck in Las Vegas before. In 1998 he paid $167 million for the aging New Frontier casino. Nine years later he sold it to the Elad Group for $1.24 billion.

MGM Mirage was eager to get rid of Treasure Island in order to continue work on the ambition development for the $9 billion CityCenter project. Some say they could have gotten over $1 billion for the property especially considering its nice position on the Las Vegas Strip. It's not known what Ruffin's plans are for the casino but when he owned the New Frontier he talked of replacing it with a jazz-themed property called Montreux.

Before the deal was announced, Gaming Daily reports that Ruffin stopped in at the Treasure Island. He wanted to eat at one of the restaurants there but his reservations were not there and the staff wasn't familiar with his name. I bet they are now.

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Tags: las vegas, phil ruffin, PhilRuffin, treasure island, TreasureIsland

Room Redesign at Treasure Island

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels

Treasure Island isn't the most luxurious place on the Las Vegas Strip by far but it can be an excellent choice if you are saving your money for the gambling tables or the Strip's other attractions. Treasure Island has updated their rooms with pillow top beds, 26-inch LCD flat-screen televisions to MP3/iPod-compatible clock-radios. The suites range in size from 630 square feet to 930 square feet and have foyers, sitting areas and dual bathrooms featuring whirlpool tubs for her and glass-enclosed showers for him as well as his-and-her closets. Tower Suites also have dining nooks for four. Room rates start at $129 per night and suites begin at $140.

Gallery: Treasure Island's New Rooms

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Tags: hotel, las vegas, LasVegas, treasure island, TreasureIsland

WET, The Spa At Treasure Island

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels, Spas

Spas in Las Vegas are really trying to capture visitors with more new and lavish features. First, Caesar's Palace recently unveiled the Arctic Ice Room at Qua which offers a cooling snow experience. Now WET, the Spa at Treasure Island offers new water-themed treatments. The spa is decorated in various shades of blue with glass panels that evoke the ripples of water. Signature treatments include he WET Signature Wrap that uses warm seawater to restore key minerals and reduce fatigue, stress and low energy and the WET Aromatic Seaweed Bath with three types of seaweed vitamins and minerals to eliminate toxicity, nourish the skin and smooth cellulite. WET is the only spa on the Las Vegas Strip to offer specialized evening treatments, they are open until 8pm Sunday through Wednesday and until 10pm on Thursday, Friday and Saturday. The menu of evening treatments tempts with treatments such as The Heiress, a rich golden scrub, wrap and massage followed by a sprinkling of real gold dust and the Sleepy Town Massage, using calming scents of chamomile, marjoram, rose and geranium, and the Bedtime Bath, a relaxing soak in a special creation of lavender and mandarin.

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Tags: las vegas spa, spa, spa treatments, treasure island, TreasureIsland, wet spa