The newest jewel to the Las Vegas Sands Corp.'s resort portfolio is ready for the grand opening this weekend, scheduled from Thursday through Sunday. A host of special events are on tap and one of them is a concert where Motown megastar Diana Ross and three-time Grammy winner Seal will perform. The Palazzo's soft opening took place during the New Year's weekend and ever since more of the property has become available in stages to the public.
The $1.9 billion casino-hotel's 50-story tower with over 3,000 suites is called the tallest hotel in town. It sits right next to its sister resort the Venetian and the two are connected. The passage houses a number of amenities, from famous restaurants like Delmonico by Emeril Lagasse and B&B Ristorante to plenty of fancy shops to a Blue Man Group showroom.
On its vast property Las Vegas Sands operates over 2 million square feet of convention and meeting space and one of the central ideas was to build the Venetian and the Palazzo an equal distance from that huge event arena, making it easy for convention goers to navigate between all three points. Another unique feature - Las Vegas is known for parking garages set behind hotels - is the parking facility here which is underground and able to hold 4,400 vehicles.
The Palazzo site is still growing, though. A 50-story condominium tower is under construction with up-and-down views of the irresistible Strip. The condominium component obviously is a must feature nowadays at new mega resort here. The building will consist of about 300 high-end units and the sales office is projected to open during the summer. Despite the current turmoil in the mortgage and local real estate markets, marketing them shouldn't be much of a problem since the luxury condo sector continues to thrive in Las Vegas.