Las Vegas developer Lorenzo Doumani hopes a planned off-Strip resort will attract a wide range of customers, especially tech companies in town for conventions.
The $850 million Majestic Las Vegas, a nongaming resort complex planned for south of the Las Vegas Convention Center, will feature 35 “corporate suites” ranging in size from 5,000 to 25,000 square feet.
The suites could be purchased for upwards of $10 million. The resort also has 720 rooms, which would be rented out similar to a hotel. It’s a nonsmoking property.
“We hope to get some tech companies, entertainment companies, perhaps sports leagues, and fashion (companies),” Doumani said. “We think we can make Vegas home for some tech companies. In Nevada, we have no state income, so why can’t we attract more of these companies? Especially if it’s to an incredible location like this.”
Doumani said it won’t hurt the recruitment effort that the annual CES electronics trade show — which draws around 170,000 people to the Convention Center during a normal year — would be so close.
“To me, it would seem like a no-brainer,” Doumani said. “If you’re a tech company coming to CES — if you’re Apple or Amazon or Google or whomever — you might want a corporate home right across from the Convention Center. Nevada can attract more of those types of companies and, hopefully, we can be a part of it.”
The site used to house the former Debbie Reynolds Hotel, which closed in the late 1990s and became the Clarion Hotel. Doumani initially intended to open Majestic in 2023, though that timetable was pushed back mostly because of the pandemic, he said.
Doumani, a Las Vegas native, comes from a family of Las Vegas developers. His father, Edward, was an early business partner of Steve Wynn and his grandfather, M.K. Doumani, opened the old La Concha motel, which operated for several decades on the Strip.
From: https://vegasinc.lasvegassun.com/business/tourism/2021/jan/06/developer-majestic-las-vegas-unique-corporate-draw/
