Currently, no Las Vegas casinos have privately owned condominiums attached to or within them. A few have timeshare towers, such as the Las Vegas Hilton and the Flamingo; the Greek Isles has timeshare units at the top of the hotel tower. But we assume you're talking about condo-hotels, where buyers own the units outright and can also put them into a pool for a certain number of nights during which the hotel company can rent them out to visitors.
However, the condo-hotel situation will be changing very shortly. Representative of the coming trend is the Cosmopolitan, a condo-hotel-casino project going up just south of Bellagio next to the Jockey Club. It will have 2,200 hotel and condo-hotel rooms; the condos will occupy the 14th- 61st floors of the tower. There are three units from which to choose: 600-square-foot studios, 900-square-foot one-bedrooms, and 1,200-square-foot studio combos, with prices ranging from $750,000 to $1.6 million. The Cosmo is scheduled to open in early 2008.
A few other condo-hotels are planned for the Las Vegas tourist corridor. For example, the Hard Rock is working on a $1 billion 1,500-unit condo-hotel complex next to the existing hotel-casino. Another billion-dollar condo-hotel development has been announced for Harmon Avenue near the Strip, just up the block from the Hard Rock and connected to what will then be Planet Hollywood (the old Aladdin). And a 28-story condo-hotel tower is planned for the corner of West Tropicana and Industrial Road.
These developments are by no means guaranteed, of course. Already, plans for three condo-hotel projects announced with great fanfare have been scrapped. The Majestic and the Krystal Sands were planned for the north Strip before they were canceled recently. Also, the high-profile Aqua Blue, which was supposed to replace Ellis Island, also bit the dust rather quickly.
