From:
Mark in San Bernadino, California
Question:
I was in Downtown Las Vegas recently and saw a lot of work happening at The Golden Nugget. Didn’t they just finish a big renovation? Are they doing more?
Answer:
Oh yes, Mark, they are doing a lot more.
Landry’s Restaurant chain bought the hotel in 2005 and dumped $100 million into a massive renovation of the property, redoing all of the public areas of the casino and lobby, adding new restaurants and lounges, and putting in a big, fancy new pool area.
The construction you saw is part of a separate $70 million expansion that will add more casino space, convention rooms, and a brand new 4,500-square-foot nightclub that will overlook the Fremont Street Experience from the second floor of the hotel. That’s all expected to open by December and includes a revision of the Fremont Street façade of the hotel.
But they aren’t stopping there. Next year Landry’s is going to pump another $150 million into the hotel to build a new 500-room hotel tower with even more casino space. That will be constructed next to the existing parking garage, across the street from the current hotel. It is expected to open by 2009.
When it is all complete Landry’s will have spent more money on the hotel’s makeover than they spent to buy it.
This is great news for not only the hotel but for the Downtown Las Vegas area, which needs an influx of money and development like this desperately. Whether it will be enough to lift the sagging fortunes of the neighborhood is yet to be seen.
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