TheFontainebleau Las Vegasis aresortandcasinoon theLas Vegas StripinWinchester, Nevada.It is owned and operated by Fontainebleau Development and is a sister property toFontainebleau Miami Beach,and sits on the 24.5-acre (9.9 ha) site previously occupied by theEl Rancho Hotel and Casinoand theAlgiers Hotel.Ownership and development has changed several times since the project was announced in May 2005. It was originally proposed by developerFontainebleau Resorts,owned by Jeff Soffer.
Fontainebleau Las Vegas | |
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![]() Fontainebleau Las Vegas in 2024 | |
Location | Winchester, Nevada,U.S. |
Address | 2777 SouthLas Vegas Boulevard |
Opening date | December 13, 2023 |
No.of rooms | 3,644 |
Total gaming space | 173,000 sq ft (16,100 m2) |
Notable restaurants | La Fontaine Papi Steak |
Casino type | Land-based |
Owner | Fontainebleau Development Koch Real Estate Investments |
Architect | Carlos Zapata Studio |
Previous names | The Drew Las Vegas (2018–2021) |
Coordinates | 36°8′15″N115°9′32″W/ 36.13750°N 115.15889°W |
Website | www |
The project was designed byCarlos Zapata Studiowith Bergman Walls and Associates as the executive architect. Construction began in February 2007, and the hotel tower wastopped offon November 14, 2008. The tower rises 67 stories, standing 737 feet (224.6 m) high. As completed, it is thetallest occupiable building in Nevada.
A group of banks had agreed to finance the project, but was sued by Fontainebleau in April 2009, after it cut off funding. Construction was put on hold two months later, when the project enteredChapter 11bankruptcy. The Fontainebleau was 70-percent completed, and the opening had been scheduled for October 2009.Carl Icahnpurchased the project out of bankruptcy in 2010, but never restarted construction. Seven years later, the unfinished resort was sold to investment firmsWitkoff GroupandNew Valley LLC,which planned to open it asThe Drew Las Vegasin 2022. However, construction stopped in March 2020, due to theCOVID-19 pandemic in Nevada.
In February 2021, Soffer bought back the project through his company Fontainebleau Development, withKoch Real Estate Investmentsas a partner. Soffer reinstated the original name of the project, with construction resuming in November 2021. The project was developed at a cost of $3.7 billion, making it the second most-expensive resort in Las Vegas. The Fontainebleau opened on December 13, 2023, and includes a 173,000 sq ft (16,100 m2) casino and 3,644 hotel rooms.
History
editBackground
editThe property was initially occupied by theThunderbird hotel and casino,opened in 1948. It was later renamed as the Silverbird, and then as El Rancho, before closing in 1992.[5]Turnberry Associatespurchased the 21-acre (8.5 ha)[6]property in 2000, for $45 million. The companyimplodedEl Rancho later that year, to make room for aLondon-themed resort.The project was ultimately canceled because of an economic downturn caused by theSeptember 11 attacks.[5][7]
A privately held company known asFontainebleau Resortswas later co-founded by Jeff Soffer, who was the chairman and majority owner of Turnberry Associates.[8]In March 2005, Turnberry Associates paid $97 million to purchase 3.6 acres (1.5 ha) of adjacent property – south of the former El Rancho – that had previously been occupied by theAlgiers Hotel.The Algiers was to be replaced by theKrystle Sands,a high-rise condominium project that was cancelled earlier that month.[9][6][10]The purchase gave Fontainebleau Resorts and Turnberry a total of 25 acres (10 ha).[7]
Fontainebleau Resorts and Turnberry announced the Fontainebleau Las Vegas on May 12, 2005, as a casino and hotel resort,[7][11]with an expected cost of $1.5 billion.[12]The project would be a sister property to theFontainebleau Miami Beachhotel, purchased by Fontainebleau Resorts earlier that year. The Las Vegas location would be the second in a planned chain of Fontainebleau resorts.[13]It would be built on the former property of the El Rancho and Algiers, located immediately west of theTurnberry Placehigh-rise condominium complex.Groundbreakingwas initially expected to occur by March 2006, with the project planned to be opened by 2008.[7][11]Glenn Schaeffer, the former president ofMandalay Resort Group,was hired to oversee the new project as the president and chief executive officer of Fontainebleau Resorts.[7][11]
The Fontainebleau was designed byCarlos Zapata Studio,with Bergman Walls and Associates serving as the executive architect.[14][15]The resort would have a total of 3.4 million square feet,[16]including a 100,000 sq ft (9,300 m2) casino.[17]The hotel tower would have 3,889 rooms, including 2,871 hotel rooms and 1,018condo hotelunits.[17][18]The resort would also feature two dozen restaurants, aperforming artstheater, a spa inspired by theBlue Lagoonin Iceland,[14][19][20]and a 300,000 sq ft (28,000 m2) retail mall.[21]Schaeffer predicted that less than one-third of the resort's revenues would come from its casino.[5]
Initial construction: 2007–2009
editTurnberry West Construction began construction of the Fontainebleau Las Vegas in February 2007.[22]The company did not do any of its own work, instead relying on a network ofsubcontractors.[23]The project was expected to cost $2.8 billion.Publishing and Broadcasting Limitedpurchased 19.6 percent of Fontainebleau Resorts for $250 million to help fund the project.[8][24]In June 2007, Fontainebleau Resorts secured approximately $4 billion from a group of banks to pay off debts and to finish its projects, including the Fontainebleau Las Vegas, which was expected to open in fall 2009.[24]The companyUllicowould also provide financing to the project.[23]
In July 2007, a 70-person team of ironworkers stopped working in areas of the resort that they said were unsafe. They resumed work after three days, following the implementation of several safety measures.[25]The following month, a construction worker died after a 30-foot fall on the property. Several days later, a large concrete slab in the parking garage fell and caused slabs on two lower floors to collapse. No workers were injured or killed in this incident.[22]
The resort's parking garage was to stand seven stories, with the first two floors to be located underground. In mid-2007, plans were approved to increase the garage to 23 stories.[26]Later that year, residents of Turnberry Place alleged that they were deceived by Turnberry, saying they were never notified of the garage's size increase,[26]which would hamper their views.[27][28]Other residents were concerned about the impact of noise and pollutants from the new project.[26]
Soffer said Turnberry did a "respectful job" of building the Fontainebleau hotel tower away from Turnberry Place residents. Soffer also stated that the land was zoned for a hotel and casino, and said that residents knew such a project would ultimately be built on the property. Turnberry Place residents asked a district judge to rule on whether theClark County Commissionshould have approved the garage re-design, which was alleged to be in violation of a county ordinance;[26]the judge ruled in favor of the project, stating that the re-design was legally approved.[29]
The 67-story hotel tower wastopped offon November 14, 2008.[15]Construction had begun before final designs were finished, a common practice for Las Vegas resorts to get them opened sooner. However, this would often result in costly do-over work having to be done. As of mid-2009, there were still areas of the project that had yet to be finalized. Some areas, such as the casino and hotel rooms, had undergone numerous redesigns.[30]Restaurants were among the uncompleted portions of the resort, although many hotel rooms had been finished.[31]
Financial issues: 2009
editIn April 2009, the project filed a $3 billion lawsuit against the group of banking lenders, alleging that they reneged on their agreement to provide $800 million in funding. The banks stated that the loan was terminated because of an unspecified default, a claim that the lawsuit denied.[32][33][34]
The banks largely declined to comment on the case; they denied wrongdoing but did not specify how the project wound up in default.[35]It was later confirmed that the project had gone substantially over its construction budget, and the banks determined that the project was in default under their credit agreement. The banks also alleged that Fontainebleau officials made inaccurate statements to hide the project's financial problems.[36]According to the banks, Fontainebleau wanted $1.3 billion in debt to be forgiven.[37]The sale of condo units had been pivotal to paying off the project's debt,[19]although the2008 financial crisisand weak demand inthe local condo marketforced Fontainebleau Resorts to reassess this strategy.[32]
The bank group was led byBank of America,[38]which began negotiating with Fontainebleau shortly after the lawsuit was filed.[39]Through a separate lending group,[38]the project had $130 million to continue construction while the lawsuit proceeded.[38]However, the second group partially pulled its financing in late April 2009, after the first group rescinded its loan on the project. Work was reduced to skeleton crews, and construction proceeded at a slower pace.[38][40]In May 2009, Fontainebleau filed an amendment to its lawsuit, stating thatDeutsche Bank,part of the main banking group, had aconflict of interest.The bank had an ownership stake in the upcomingCosmopolitanresort, also under construction on theLas Vegas Strip.Deutsche Bank was accused of "seeking to destroy the Fontainebleau in order to minimize competition" for the Cosmopolitan. The bank was to provide $80 million to the Fontainebleau.[41][42]The allegations against Deutsche Bank were eventually dropped.[43]
During May 2009, construction consulting firm CCCS International filed a lawsuit against the Fontainebleau, alleging wrongful termination from the project. CCCS was hired as construction manager in 2008. According to the company, Fontainebleau officials said that the project was "severely over budget" and needed a construction manager to provide cost management and auditing services, in order to recover "prior unnecessary overpayments". In its lawsuit, CCCS alleged the discovery of "fraudulent billing practices and inappropriate payment methods" used by the Fontainebleau, stating that this discovery led to its termination. CCCS also alleged that Fontainebleau did not have financing to fund its consulting services, and that the project failed to disclose this. CCCS stated that it was owed more than $1 million. A Fontainebleau spokesman said that CCCS was fired because it failed to perform its duties.[44][45][46]
Corporate layoffs began in May 2009, as a result of the bank group withholding its loan.[47]Schaeffer was among those who left the project, without explanation.[48][49]Schaeffer had been primarily responsible for securing more than $1 billion in loans for the Fontainebleau, and he was to operate the resort's casino.[50]
Bankruptcy
editFacing numerousliensand financing problems, the Fontainebleau filed forChapter 11bankruptcy on June 9, 2009. The project had 1,000 to 5,000creditors,[51][52]including various subcontractors who were owed more than $250 million.[16][53]Subcontractors wanted a committee formed to represent them in the bankruptcy proceedings, rather than Turnberry West Construction.[54]The $3 billion lawsuit against the bank group was withdrawn and instead refiled in U.S. bankruptcy court.[35][55]Fontainebleau Las Vegas LLC sought court approval for an immediate $656 million loan from the bank group.[56]However, the banks did not believe that this would be enough to finish construction.[57]Meanwhile,Crown Limited(previously Publishing and Broadcasting Limited) ended any further investment in the Fontainebleau project.[58][59]On June 11, 2009, it was announced that construction had been halted while the project proceeded through bankruptcy. The project was 70-percent completed,[16]and the opening had been scheduled for October 2009.[50]
A month after the bankruptcy filing, term lenders sued the bank group. Turnberry West also filed a lawsuit against its sister company, Fontainebleau Las Vegas LLC, which owned the project. Turnberry West alleged that its liens against the project took priority over those filed by lenders. Both companies were owned by Soffer.[60][61][62]Mediationattempts were unsuccessful, and a judge determined that the case would go to trial.[63][64]After years of lawsuits, courts ruled in Bank of America's favor;[65]and the bank reached a $300 million settlement with lenders.[66]
Prospective buyers and Icahn ownership: 2009–2015
editIn June 2009, executives fromApollo ManagementandWynn Resortstoured the Fontainebleau facility with an interest in purchasing the project.[67][68][63]Ullico was also in discussions with Fontainebleau to help finance the resort's completion, after already contributing $447.6 million to the project.[23]In September 2009,Penn National Gamingemerged as a prospective buyer.[69][70]Penn had toured the project several times,[71]and it sought a partner to help finish the resort.[72]
In October 2009, a judge overseeing the bankruptcy case ruled that the Fontainebleau project be sold as soon as possible, appointing an examiner to handle the sale.[73]However, the term lenders had wanted the Chapter 11 case converted into aChapter 7liquidation.[74]Penn offered $50 million for the project.[71]In November 2009,corporate raiderand financierCarl Icahnoffered $136 million. A bidding war ensued, and Penn dropped out of the auction in January 2010, after Icahn raised his bid to $156 million.[75][76][77]Meanwhile, real estate developerLuke Brugnaraannounced that he would place a $170 million bid for the Fontainebleau.[78]
Icahn ultimately won control of the Fontainebleau, taking over ownership in February 2010.[79]Icahn was the only qualified person to bid on the project; two other bids were disqualified because they failed to include a deposit.[80][81]Icahn planned to wait for an economic rebound before deciding on what to do with the Fontainebleau.[82][83]In October 2010, he auctioned off furnishings for the resort, indicating that he had no intention of finishing the project.[84][85][86]While the project sat vacant, it was sometimes used by local firefighters as a training ground forfire drills.[87]
A large crane, used for constructing the hotel tower, was dismantled in May 2014. The crane, like the unfinished resort, was considered an eyesore and a reminder of theGreat Recession.[88][89]Rusted, lower-floor portions, located along the sidewalk onLas Vegas Boulevard,also presented a poor appearance for the area. In 2015, Icahn agreed to county requests for an exterior upgrade in the form of a cosmetic wrap.[90]At the end of the year, he also listed the Fontainebleau for sale at an asking price of $650 million.[91]
The Drew Las Vegas: 2017–2021
editIn August 2017, investment firmsWitkoff GroupandNew Valley LLCpurchased the resort for $600 million, with plans to rename it.[92]The purchase and planned improvements were financed throughDeutsche Bank,Goldman SachsandJPMorgan.[93]In subsequent months, the Las Vegas-based Grand Canyon Development Partners became involved with the project.[94][95]Penta Building Group was hired to finish the resort, with construction expected to resume in 2018.[95]Plans to finish the project's design and to obtain a construction loan were expedited in December 2017, after the passage of theTax Cuts and Jobs Act of 2017.[96][97]
On February 12, 2018, Witkoff andMarriott Internationalannounced a partnership to open the project as The Drew Las Vegas in late 2020. The resort would include two hotel brands by Marriott, which would manage them and invest $50 million in the project.[98][99][100]The "Drew" name was a tribute to Witkoff's deceased 22-year-old son, Andrew Witkoff, who died of anOxyContinoverdose in 2011.[98][101]The resort was designed by the architecture firm Diller Scofidio + Renfro.[101]
A man trespassed onto the Drew property in March 2018, and sparked a number of fires causing $10 million in damage to several areas, including a ballroom and the 11th floor of the parking garage. The man was later apprehended and charged with arson.[102][103]
In April 2019, Witkoff announced that the opening would be delayed until the second quarter of 2022, due to prolonged design work.[104][101]Bobby Baldwinwas announced as the chief executive officer of The Drew Las Vegas in November 2019.[105][106]
Construction was suspended in March 2020, due to theCOVID-19 pandemic in Nevada.[107]Contractors filedlienstotaling millions of dollars, for allegedly unpaid work,[108]and executives laid off amid the pandemic sued as well.[109]
Fontainebleau revival and opening: 2021–present
editIn February 2021, nearly sixteen years after he first announced it, Soffer bought back the project through his Florida-based company, Fontainebleau Development. The company partnered withKoch Real Estate Investmentson the purchase, and various options were under consideration for the property, which was 75-percent complete.[111][112][113]Although Soffer was busy with other projects at that time, when the pandemic hit he saw a "great opportunity" to return to the project and decided to buy it back.[114]The project was purchased for $350 million,[115]and the property was valued at $615.5 million.[116]Marriott exited the project later in 2021, citing an amicable agreement with Fontainebleau Development, which instead would manage and operate the hotel itself.[117][118]
On November 9, 2021, Fontainebleau Development held a construction commencement ceremony for the project, announcing that it would be renamed Fontainebleau Las Vegas once again.[114][119]Richardson Construction was hired as general contractor.[114][119]Soffer stuck largely to the project's original plans;[119][120]changes included a reduction in the retail component and the removal of condominiums.[121]Crews also gutted 1,800 finished hotel rooms, as Soffer found their designs to be outdated.[122]The number of rooms was also reduced, allowing for larger penthouses and luxury suites.[123]Carlos Zapata Studio remained as the exterior architect, while David Collins Studio handled interior design.[124][125]Landscape architectural firm Lifescapes International designed the exterior and interior landscapes for the entire property.[126]
The Fontainebleau was developed at a cost of $3.7 billion,[127]making it the second most-expensive resort in Las Vegas after nearbyResorts World,which cost $4.3 billion and opened in 2021.[128]The Fontainebleau opened on December 13, 2023,[129][130]coinciding with Soffer's birthday. Pre-opening festivities were held at the resort throughout the day and attended by hundreds of invited guests, including celebrities. The public opening occurred shortly before midnight.[131][132]
On December 31, 2023, Fontainebleau Resorts sponsoredNew Year's Eve festivities at New York City's Times Squareto promote the new resort and the 70th anniversary of the Fontainebleau Miami Beach. As part of the sponsorship, bowtie patterns were incorporated into the lighting of the ball, resembling the resort's logo and the bowtie shape ofTimes Squareitself.[133]
Several top executives left the Fontainebleau within a month of its opening,[134]andWynn Las Vegassoon filed a lawsuit accusing the property ofpoachingits employees, who were under anon-compete clause.[135][136]To increase visitor traffic, a new president was named shortly after the opening and the marketing strategy was updated.[137]
In 2024, the magazineTimeincluded the Fontainebleau in its annual list of "World's Greatest Places" to visit.[138][139]Around the same time, the Fontainebleau announced that it would purchase five acres just south of the resort, previously occupied by a portion of theRivierahotel-casino. The land would be used for future development. The $112 million sale was finalized at the end of 2024.[137][140]
Features
editThe hotel includes 3,644 rooms.[141]The hotel tower rises 67 stories, standing at 737 feet (224.6 m).[142]Since 2008, it has ranked as thetallest building in Nevada,excluding the nearbyStratobservation tower.[143][144][145][146]It is the second-tallest hotel building in the U.S. after1717 Broadwayin New York City.[147]
Soffer expects much of the resort's revenue to come from non-gaming amenities,[123]which include a 96,500 sq ft (8,970 m2) retail area covering the first two floors.[130]It features approximately 35 high-end retailers,[148][149]includingChrome Hearts,Giuseppe Zanotti,andMissoni.[150]The resort has a focus on conferences, taking advantage of its location near theLas Vegas Convention Center.The property itself also has more than 550,000 sq ft (51,000 m2) of meeting space.[151][152]
The resort shares numerous features with its sister property in Miami Beach.[153]Bow tie designs are incorporated throughout the resort as a reference to the Miami hotel's architect,Morris Lapidus,who wore them regularly. Like the Miami resort, the Las Vegas Fontainebleau features a 55,000 sq ft (5,100 m2) Lapis Spa[130][154]and a collection of artwork spread throughout the property,[155][156][157]including pieces by artistUrs Fischer.[123]
In July 2024, the resort is scheduled to open the Hall of Excellence, a museum showcasing sports memorabilia and artifacts donated from the collections ofTom BradyandJim Gray.[158][159]The museum was designed by Fontainebleau executivePeter Arnell.[160]
Casino
editFontainebleau features a 173,000 sq ft (16,100 m2) casino,[149]which includes 42-foot-high ceilings.[161][154]The casino has 1,300 slot machines, 128 table games, 18,000 sq ft (1,700 m2) of high-limit gaming, and a 14,000 sq ft (1,300 m2)race and sports book.[162]
Entertainment
editThe Fontainebleau emphasizes entertainment.[163][164]It includes the 3,800-seat BleauLive Theater, measuring 90,000 sq ft (8,400 m2).[165]Paul AnkaandJustin Timberlakeperformed in the venue during the resort's VIP opening.[166][167]BleauLive debuted to the public on December 30, 2023, with singerPost Maloneperforming.[168][169]The venue is operated byLive Nationand focuses on touring acts rather thanresidencies.[170]
Nightclub ownerDavid Grutmanopened LIV, a club already present at the Miami Fontainebleau.[161][154]The Las Vegas location opened a day after the resort, withJohn Summitas the first resident headliner.[171][172][173]The club measures 50,000 sq ft (4,600 m2), and includes the 35,000 sq ft (3,300 m2) LIV Beach dayclub, which opened in 2024.[161][154]The resort's pool complex measures 6 acres (2.4 ha) in total,[154]and features seven pools.[174]The tower's top floor will feature a private club overlooking the Strip.[174]
Restaurants and bars
editThe resort was planned to host 36 restaurants and bars,[174][175]15 of which did not debut with the resort.[123]Eateries include the Asian restaurant Komodo and Papi Steak, both fromMiami.[161][176][177]ChefGabriela CámaraoverseesCantina Contramar,designed byFrida Escobedoand featuring aCasa Dragonestequila tasting room.[178][179]ChefAlan Yauopened two Chinese restaurants: Chyna Club and Washing Potato.[180][181]The resort also includes La Fontaine, a French restaurant.[182]Another feature is the Promenade food hall,[183]which includes a burger restaurant by chefJosh Capon.[178][179]
Bleau Bar, a feature from the sister property in Miami, is also present at the Las Vegas location.[153]Collins, another bar, is named afterCollins Avenuewhere the Miami hotel is located.[184]
In media
editThe Fontainebleau is depicted in the 2014-15 television seriesDominion,in which it has become ahydroponic farmknown as the Agri-Tower.[185][186]The talk showLive with Kelly and Markalso filmed at BleauLive in February 2024.[187]
See also
edit- List of tallest buildings in the United States
- List of largest hotels
- List of integrated resorts
- Landmark (hotel and casino),once the tallest building in Nevada; opened in 1969 after several years of delays
- Fontainebleau Miami Beach,sister property
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About the 1,150-foot-tall Stratosphere… yes and no. It's the tallest observation tower in the U.S., but through some quirk of definition, it's not a "building" because it's not fully habitable. Thus, second-place Fontainebleau (735 feet) is actually the tallestbuildingin southern Nevada [...]
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If you don't count the Stratosphere tower, the tallest building in Las Vegas is the Fontainebleau...
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The firm's announcement also highlighted the Fontainebleau's "iconic height" as a selling point: It's one of the tallest structures in the valley, surpassed only by the Stratosphere for prominence on the Las Vegas skyline.
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