Who Owns Vegas
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By Andrew Hudson
Last updated:
First published: October 2005
Wells Fargo Bank
- 6/2/09: The owner of Loews Lake Las Vegas, Loews LLV Hotel LLC, defaults to Wells Fargo.
- April 2009: Hooters Hotel and Casino (696-rooms) defaults to Wells Fargo.
- March 2009: Riviera Hotel. Riviera Holdings Corp. defaults to Wells Fargo.
Westgate Resorts, Ltd
Owns half of the PH Tower (1,228 rooms, 2008) on the Planet Hollywood property, which may get owned by Harrah's.
Weststate Holdings, LLC.
An interesting piece of land was bought in 2006. The 63-acre parcel is off-Strip, just west of I-15 and north of Russell Road near Mandalay Bay. It is big enough to hold a multiple hotel project, similar to Project CityCenter (MGM Mirage) and Echelon Place (Boyd Gaming). There may be two or three Starwood-brand hotels, such as Sheraton, Westin and W.
The land was bought by Weststate Holdings, a limited liability corporation owned by Starwood Hotels & Resorts Worldwide (1/3), The Edge Group (1/3), and Boulevard Invest (1/3).
Wet Holdings, Inc.
Latest news (3/14/08, courtesy of Steve Dooner himself):
"We will soon be announcing the location of the 200+ acres we're acquiring on the South Strip. The project has expanded significantly, and a new partner will be announced soon as well. We are now up to 6 hotel casinos on the project, with over 10,000 rooms if built as currently planned."
Proposing Las Vegas WET (through Las Vegas Wet, LLC) also known as Snow Dome Las Vegas, an ambitious, 200-acre, winter-and-water themed mega-resort on the far South Strip, south of the 215. The project would open in 2011 and include:
- Water
The country's largest waterpark with 25 acres of themed "lands." - Snow
The country's largest indoor snow dome where people can ski and snowboard - Theme Park
60 acres of an "internationally recognized theme park brand." - America In Miniature
1:24-scale replicas of American landmarks including the Empire State Building (48' high - over four stories tall) and the White House (20' wide). By America in Miniature, LLC info. - Hotels
Six hotels. Three of the hotels would include 3,500 hotel rooms and 623 condos, as: Agua Vista Hotel (600 rooms + 100 condos); Alpine Haus Hotel (800 rooms + 150 condos); Flagged Hotel (2,100 rooms + 373 condos). - Extras
800,000 square feet of retail/dining/entertainment along three themed "streets". Water show, sports arenas, theatres, cinemas, family entertainment center, children's center, shops.
The team and co-founders include:
- Steve Donoer, CEO, co-founder of Proteus Creative, Inc.
Dooner was previously with Paramount Parks, Raging Waters Disney, Universal). - Stephen Berger, Art Director
from Universal Studios in Japan. - Greg Stevens
founder of S&G Management Group LLC, a consulting and management company focused on the entertainment business. - Fred Cochrane
Co-ounder of Economic Research Associates (ERA) which performed the original feasibility study for Disneyland and other Disney and Universal Studio theme parks. - Thinkwell Design and Production
Designer of Ski Dubai. A Burbank, CA-based designer of experience-based attractions for the companies such as MGM, the Los Angeles Dodgers, Harrah's, Nike, and Universal Studios. Craig Hanna is the Chief Creative Officer. - X-Leisure
a UK-based company run by a former Disney alum that has developed Xscape-branded facilities in Milton Keynes; Castleford, Leeds; and Braehead, Glasgow.
Contact: Lindsey Dooner at ldooner@wetholdings.com.
| Proposed Las Vegas Wet Hotels in Las Vegas | |||
| Hotel | Rooms | Condos | |
| Agua Vista | 600 | 100 | |
| Alpine Haus | 800 | 150 | |
| Flagged | 2,100 | 373 | |
| Total | 3,500 | 623 | |
Whitehall Street Real Estate Funds
See Goldman Sachs.
A series of real estate opportunity funds sponsored by Goldman, Sachs & Co. that owns the Stratosphere (1996, 2,444 rooms). In April 2007, agreed to buy the casino holdings of Carl Icahn's American Real Estate Partners. Also owns 40% of the Las Vegas Hilton through WH/LVH Managers Vetco.
WH/LVH Managers Voteco LLC
Part of Goldman Sachs' Whitehall Street Real Estate Funds that holds a 40 percent voting interest in the Las Vegas Hilton. $60 million investment in 2004. Stuart Mark Rothenberg, Brahm Stuart Cramer and Jonathan Altman.
Wimar Landco LLC
Operates the Tropicana. A subsidiary of Columbia Sussex.
William Wortman and Renate Schiff
Owns the Nevada Palace.
Woodrum, John (father) and Michael (son)
Minority owner of Royal Palm Las Vegas LLC, developer of Paramount Vegas (1,800 rooms?) on the south Strip by the Welcome To Las Vegas sign, on the site of the old Klondike Inn (153 rooms, 1962-2006).
John Woodrum bought the 153-room Klondike Inn (opened in 1962 as a Motel 6) in 1974 from Ralph Engelstad, developer of the Imperial Palace. He sold it In 2006 for about $24 million to Royal Palm Las Vegas LLC, a subsidiary of condo developer Royal Palm Communities based in Florida. John Woodrum's son, Michael, retains a small equity stake in the new project, called Paramount Vegas.
Wyndham Worldwide Corporation
Hotels: 12; Rooms: 1,866
Led by chairman and CEO Steven A. Rudnitsky.
NYSE: WYN
wynham.com | Hoovers profile
Wynham Worldwide Corporation was spun off from Cendant Corporation on July 31, 2006 as a separate, publicly-traded company. The company's hotel lodging business (previously known as Cendant Hotel Group) is called Wyndham Hotel Group, and the company's namesake hotel brand is Wynham Hotels & Resorts.
Based in Parsippany, NY, Wyndham Worldwide is the world's second largest hotel franchisor by number of rooms (after InterContinental). Wyndham has over 6,400 locations under nine brands including AmeriHost, Baymont (bought from Blackstone Group in 2006), Days Inn, Fairfield Resorts, Howard Johnson, Knights Inn, Ramada, Super 8, Travelodge, Wingate Inn, and Wyndham (bought from Blackstone Group in 2005).
Wyndham also operates vacation exchange brands Resort Condominiums International, LLC (RCI), Novasol and Landal GreenParks; and timeshare brands Fairfield Resorts and Trendwest Resorts.
| Wyndham Worldwide Hotels in Las Vegas | |
| Hotel | Rooms |
| Baymont - Nellis | 87 |
| Days Inn Downtown | 147 |
| Howard Johnson LV Airport | 325 |
| Howard Johnson LV Strip | 100 |
| Ramada Speedway | 95 |
| Super 8 Boulder Hwy | 150 |
| Super 8 Koval | 300 |
| Super 8 LV | ? |
| Super 8 Nellis | 109 |
| Travelodge Ambassador Strip | 102 |
| Travelodge Sahara | 223 |
| Travelodge South Strip | 128 |
| Travelodge Strip | 100 |
| Total: | 1,866 |
| Wyndham Timeshare Resorts in Las Vegas | |
| Hotel | Rooms |
| Fairfield Grand Desert Resort (2001) | 610 |
| Summer Bay Resort | 489 |
| Total: | 1,099 |
Wynn Resorts, Limited
Hotels: 2; Rooms: 4,750
Controlled by Steve Wynn
NASDAQ: WYNN | wynnresorts.com | Hoovers profile
News 4/21/10: Steve Wynn says he's considering moving his company's headquarters to Macau.
Steve Wynn built his namesake Wynn Las Vegas (2,716 rooms, opened in 2005) and the adjacent Encore (2,034 rooms, 2008). The golf course is planned to be replaced by a large convention center and two hotels with 5,200 rooms.
Wynn, the son of a bingo parlor owner, started his Las Vegas legend in 1967, buying a stake in the Frontier. After owning land at Caesars Palace in 1971, and a controlling interest in the Golden Nuggett in 1973, he opened The Mirage (1989) which started the luxury resort boom that has lasted to today. Wynn also opened Treasure Island (1993) and Bellagio (1998), before selling them all to Kirk Kerkorian's MGM Grand company in 2000 for $6.4 billion.
| Wynn Resorts Hotels in Las Vegas | ||
| Hotel | Opened | Rooms |
| Wynn Las Vegas | 2005 | 2,716 |
| Encore Suites | 2008 | 2,034 |
| Golf Course 1 & 2 | ? | 5,200 |
| Total: | 9,950 | |
Notes: Encore has also been referred to as Wynn North and Encore Suites.
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Copyright © 2005–2011 Andrew Hudson for Photo Tour Books, Inc. Written for A Photo Tour of Las Vegas. You may reproduce this article for personal, educational, non-commercial and non-Internet use, such as in a hobbyist newsletter or school project. No Internet publishing is permitted. For commercial use, please email Andrew Hudson for permission.