Fontainebleau Development has announced that the highly anticipated $3.8 billion Fontainebleau Las Vegas will officially open its doors on December 13. This exciting development comes after the Nevada Gaming Commission’s unanimous decision to grant a license to the property and its key executives. The CEO and chairman of Fontainebleau Development, Jeffrey Soffer, expressed gratitude to Nevada regulators, Clark County, and the local community for their support, highlighting the dedication and innovation that went into completing the project.
Project Overview:
The Fontainebleau Las Vegas, a soaring 67-storey structure, boasts an impressive array of features, including 3,644 rooms and suites, 150,000 square feet of gaming space, a 14,000-square-foot fitness center, and a 55,000-square-foot Lapis Spa designed by the renowned Lissoni & Partners from Milan. The venue also includes a 96,500-square-foot luxury retail district, a sprawling six-acre pool district, and 550,000 square feet of customizable indoor-outdoor meeting space.
Construction History:
The journey to the completion of Fontainebleau Las Vegas has been a rollercoaster. Construction initially began in 2007, but the project faced bankruptcy, halting progress on the $2 billion endeavor. Billionaire investor Carl Icahn later acquired the property, and after changing hands several times, it was ultimately purchased by Koch Real Estate Investments in February 2021 for $350 million.
Gratitude and Acknowledgments:
Jeffrey Soffer expressed sincere thanks to Nevada regulators, Clark County, and the local community for their unwavering support throughout the project’s development. He also acknowledged the tireless efforts of the project team and highlighted the collective belief in creating unparalleled hospitality experiences.
Optimistic Projections:
Mark Tricano, the president of Fontainebleau Las Vegas, expressed confidence in the product the venue will bring to market, anticipating pride from ownership, team members, the Nevada Gaming Commission, the state of Nevada, and the local community. The venue has hired nearly 5,000 staff so far, with expectations to reach 6,500 in the next two weeks and eventually grow to 7,100.
As Fontainebleau Las Vegas prepares to open its doors on December 13, the culmination of years of dedication and innovation is evident. The 67-storey marvel promises a unique and unparalleled hospitality experience, with world-class amenities and a strategic location in the heart of Las Vegas. The unanimous approval from the Nevada Gaming Commission further solidifies the anticipation surrounding this $3.8 billion project, signaling a new chapter in the city’s iconic skyline.