MGM Mirage announced last week it will build a new megaresort,
currently called Project CityCenter, on the Las Vegas Strip.
Details have not been finalized, but company officials hint the
multibillion-dollar project will include 550,000 square feet of
dining, shopping and entertainment space, a 4,000-room hotel, a
1,650-unit condominium complex and three 400-room hotels. A 66-acre
site has been chosen between the Bellagio and Monte Carlo
hotel-casinos. Work is not expected to begin before 2006, or even
2007, with an expected opening in
The massive CONEXPO-CON/AGG construction and materials trade show,
which takes place every three years, will be reorganized following
the 2005 event in Las Vegas. Since 1999, the exposition has been
co-owned and co-produced by the Association of Equipment
Manufacturers and the International Concrete and Aggregates Group,
but now AEM will own and run the show alone, with ICAG moving into
a sponsorship role. "All parties involved look forward to
successful shows in 2005 and beyond," said Charles Stamp, AEM
chairman. The 2002 CONEXPO-CON/AGG was the largest trade show in
the United States that year, drawing 108,000 attendees.
Last week, officials broke ground on a 359,000-square-foot
expansion of the Vancouver Convention and Exhibition Centre.
Tourism Vancouver and the governments of British Columbia and
Canada will jointly fund the $473 million undertaking. The
expansion is slated for completion in 2008, after which the
waterfront facility will serve as media headquarters for the 2010
Olympic and Paralympic Winter Games.
The expected closing on a parcel of land on the Boston waterfront
by the Pritzker family of Hyatt Hotels fame fell through last week,
leaving the 21-acre Fan Pier property once again up for
developmental grabs. Although some of the various projects planned
for the parcel (as well as its $125 million price tag) might be
reconsidered, representatives for the Boston Redevelopment
Authority maintain that a proposed 500- to 650-room meeting hotel
planned for the area remains "a sure thing." Whether the property
will be a Hyatt, as was long expected, however, is uncertain.
A major gaming resort is coming to the Catskill Mountains in
upstate New York. Empire Resorts announced Monday the acquisition
of two adjacent golf resorts, Concord and Grossinger's, which have
been closed for years. Pending approvals, the sites will see
development of a Native American casino and hotel, the second under
development in the region by Empire Resorts. (A $500 million
project by the Monticello Raceway is in the works as well.) "We are
very excited that something will finally come to fruition," said
Jacquie Leventoff, president and CEO of the chamber of commerce in
Sullivan County, where the resorts will be built. A timeline for
construction has not been set.
New York City's Madison Square Garden announced Nov. 11 a
several-hundred-million-dollar renovation of the entire arena, to
begin in 2006. The announcement comes one week after funding was
approved for construction of the 75,000-seat New York Sports and
Convention Center three blocks away.
The London Euston Plaza Hotel, with 150 guest rooms and 11 meeting
rooms, has been reflagged as the Hilton London Euston. Meanwhile,
the Hilton Group put 11 properties in the United Kingdom up for
sale yesterday. Among them is the 189-room Hilton Edinburgh
Grosvenor in the Scottish capital.
Hard Rock International and Sol Melia Hotels & Resorts
announced Monday they will jointly manage Europe's first Hard Rock
Hotel in what is now the 202-room Reina Victoria Hotel in Madrid,
Spain. The existing hotel will be renovated before being renamed in
fall 2005 as the Hard Rock Hotel Reina Victoria.