REBusinessOnline

Dream Hotel Group to Open 450-Room Luxury Hotel on Las Vegas Strip

Dream Las Vegas is slated to open in 2023.

LAS VEGAS — Dream Hotel Group has unveiled plans to open a 450-room luxury hotel on the Las Vegas Strip. Dubbed Dream Las Vegas, the project is slated to open in 2023. Local developers Contour and Shopoff Realty Investments plan to break ground in early 2021.

Designs call for a rooftop pool deck, bar and lounge; three restaurants; two additional bar and lounge concepts on the gaming floor; a grab-and-go café on the street level; 12,000 square feet of meeting and event space; a full-service spa; and a fitness center.

“There is no shortage of mega-resorts in Las Vegas, but there is a lack of boutique hotels that offer a more intimate curated experience,” says David Daneshforooz, CEO of Contour. “A ground-up Dream hotel with its world-class food and beverage offerings was an obvious choice for a boutique execution on this site and will be a great addition to the Las Vegas Strip.”

Located across the street from Mandalay Bay Resort and Bali Hai Golf Club, Dream Las Vegas will be one of the first hotels seen from the iconic “Welcome to Las Vegas” sign. The property will be situated two blocks from the new Allegiant Stadium, future home of the Las Vegas Raiders.

Global architectural firm DLR Group is the designer and executive architect, working closely with general contractor McCarthy Building Cos. Inc. The 21-story hotel will feature a glass and metal façade.

Nova Capital secured $15.6 million in acquisition and entitlement financing for the 5.2-acre parcel of land on behalf of the developers. A Canada-based real estate fund provided the loan.

Dream Hotel Group has 16 hotels open today and another 20 locations in various stages of development worldwide.

— Kristin Hiller

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