Allegiant Stadium Hotel Proposal Would Continue Southward Las Vegas Strip Push

Posted on: September 8, 2022, 05:04h. 

Last updated on: September 8, 2022, 05:36h.

A new 19-story, 340-room hotel is planned for an industrial parcel adjacent to Allegiant Stadium, according to a report in the Las Vegas Review-Journal. This would be the latest evidence that the Raiders’ 65K-seat stadium is successfully pushing the Las Vegas Strip in its only undeveloped direction — southward.

The $275M hotel would be built a block from Allegiant on Polaris Avenue, half a mile west of Mandalay Bay. The as yet-unnamed, non-gaming hotel would include a restaurant, spa, pool bar, rooftop bar, and ballroom and meeting space, according to the R-J.

Chet Nichols, president of Las Vegas real estate firm New Angle Development, which is managing the project, told the newspaper he hopes to break ground in early 2024. But first, the Clark County Commission must approve. (It’s scheduled to consider the project on Oct. 4.)

The proposed hotel site is within the new county-designated Stadium District, a mostly industrial area surrounding the stadium that officials have eyed for redevelopment.

South of the Current Border

When the Raiders played their first game with fans in attendance at Allegiant on Sept. 13, 2021, the team’s $1.9 billion new home instantly transformed the Strip’s southern tip into its brand new sports hub.

Since then, L.A.-based developers the Oak View Group have announced plans for what they hope will be the Strip’s future southern end. Their $3B, NBA-ready arena and entertainment district, with 20,000 seats and 2,000-room casino hotel, is scheduled to begin construction next year. It will be located in the former sticks at Blue Diamond Road, a little more than five miles south of Mandalay Bay. Slated to debut in 2026, it will occupy 25 acres near the intersection of I-15 and I-215, adjacent to the Las Vegas terminal for the planned Brightline high-speed rail between L.A. and Las Vegas.

“South of the Las Vegas Strip represents one of the few areas of potential future growth of the gaming and entertainment corridor,” said Tim Leiweke, CEO of the Oak View Group, in a press release.

In July, Station Casinos paid $172.4 million for 126 acres of land to build a new casino resort three miles further south than that — on the southwest corner of Las Vegas Boulevard and Cactus Avenue.

Also in July, ground broke on the $550M Dream Las Vegas casino hotel, which is scheduled to open with 531 rooms half a mile south of Mandalay Bay in 2024.

Stadium-cation

Last year, attendance at all Allegiant events topped 1 million, 469,000 of which came from NFL games, according to figures provided by the Raiders to the Las Vegas Stadium Authority.

Not surprisingly, Nichols of New Angle Development told the R-J he wouldn’t have picked the project site for his new hotel without the massive venue nearby.

Source: casino.org