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Originally posted by: A1WOLF1
$35 million is a heck of a lot to spend for a make over when Vegas still has a pretty low occupancy percentage. But last I heard, the numbers are, well not exactly going up yet but are declining a little less. So maybe they finished just in time to take advantage of slightly better numbers then this time last year.
I dont think they had a choice. It was either remodel and hope to steal tennants from the neighboring properites or simply close shop. I would think the hotels that stand to be impacted the most by the new Plaza are MSS and El Cortez....The Plaza will now have rooms slightly better than these places and also boast a better location...all for about the same price.