by Michael J. Shapiro | March 20, 2013

The former Bill's Gamblin' Hall on the Las Vegas Strip will be converted to the Gansevoort Las Vegas, executives announced Monday. Caesars Entertainment, which owns the property, is collaborating with the New York City-based Gansevoort Hotel Group and Vegas nightlife developer Victor Drai to establish the new boutique luxury hotel on Las Vegas Boulevard and Flamingo Road. Gansevoort Las Vegas, the fourth of the brand's properties, is expected to open early next year. A $185 million renovation will result in 188 "Parisian apartment-style" guest rooms, a lobby bar, a lounge, a restaurant, retail outlets, a 40,000-square-foot casino, and the 65,000-square-foot Drai's Beach Club and Nightclub, an indoor/outdoor club and rooftop pool venue. Drai's will be part of Las Vegas Meetings by Caesars Entertainment's alternative venues program, whereby group customers can apply a portion of their spending to their catered F&B minimum for events and buyouts. The company hasn't yet announced whether the Gansevoort guest rooms will be sold as part of the Caesars' meetings portfolio.