Thursday, July 01, 2010

Cosmopolitan Accepting Room Reservations

Cosmopolitan is now accepting room reservations. Rates are pretty much in line with what I predicted the other day. Weekend nights start at $190 with the average around $240. Midweek prices start at $125 a night with the average somewhere around $160.

Of course these are standard rack rates, better deals and specials are likely to appear as the opening date approaches.

The Cosmopolitan has a few different room types to choose from. City Room and Terrace Studio are the entry level. Those wishing for more space can opt for the Terrace One Bedroom, Terrace Suite or Terrace Wraparound Suite.

Since Cosmo was originally meant to have mostly condo units, the "Terrace" offerings include a fridge and microwave. Of course they also have the terrace balconies, which are unique for a Vegas hotel. I'm sure the balconies will be a big draw for people who want to have a nice view overlooking the Strip.

We still have half a year until the opening, but it looks like everything is coming together nicely.

Monday, June 28, 2010

Lady Luck Targeting 2012 Re-Opening

Lady Luck is targeting a late 2012 re-opening date. The renovation project was approved by the Las Vegas Planning Commission and will presumably be approved by the Las Vegas City Council in July.

About a month ago I wrote about Lady Luck's re-opening plans. At the time I didn't think it would take two and a half years to complete the project. Thinking about it more though it makes sense. They are basically re-building the entire hotel which would be akin to starting new construction. The 2012 date assures me that they are being realistic with the plans, although it will be hard to believe anything is being done until construction actually starts.

If Lady Luck does actually open in 2012 there could be a chance to have five consecutive years with a major hotel opening:

2008 - Encore
2009 - Aria
2010 - Cosmopolitan
2011 - Fontainebleau (this one's a longshot)
2012 - Lady Luck

Cosmopolitan to open December 15th

We had previously known that The Cosmopolitan of Las Vegas would be opening in December. This week the hotel announced the official date as December 15th. They posted this information on their facebook page.

The Cosmo will start to accept reservations any day now. It will be interesting to see what type of rates will be offered. Considering most of the hotel rooms were originally meant to be sold as condo units they are probably larger than the average Vegas room. Also most (if not all) of the rooms will have balconies which is rare in Las Vegas.

So what will a condo style room with balcony at the newest hotel on the Strip which just happens to have a great location cost? I'm going to guess the average standard rates will be around $250 weekend and $150 midweek. This would put it more or less in-line with Aria. I think they might even be able to get away with charging a little more than Aria because of the (slightly) better location and presumably larger rooms.