Marriot International, the American multinational hospitality company and the New York-based global real estate firm, Witkoff are joining hands to fashion the remnants of the former Fontainebleau casino, the construction of which got hindered way back in 2009 owing to recession. The old casino which will be re titled as the Drew Las Vegas is scheduled to be unveiled in 2020, as confirmed by the operators.
Steven Witkoff, the Chairman and CEO of Witkoff, told The Associated Press: “It is going to be a design-forward building, and when we bring it all together, people are going to say, ‘I really want to come back. The structure here is so well conceived, even from nine years ago, that there are a lot of possibilities for us to put our imprint from a design standpoint on that property.”
The property, which will be JW Marriott’s first property on the Strip, will include a casino and around 4,000 rooms and suites. Witkoff and investment firm New Valley LLC purchased the property from Icahn NV Gaming Acquisition LLC back in August for US$600 million, as they project growth to come to the area.
This would be the first casino opening on the Strip since The Cosmopolitan of Las Vegas began operations back in 2010.
Source: European Gaming Media and Events