The groundbreaking ceremony on this $550-million development featured Governor of Nevada Steve Sisolak, Clark County Board of Commissioners Chairman James B. Gibson, and Lieutenant Governor Lisa Cano Burkhead as speakers, along with developers William Shopoff and David Daneshforooz, Dream Hotel Group CEO Jay Stein and COO Michael Lindenbaum, and McCarthy Building Companies’ Senior Vice President Ross Edwards.
With rising visitor numbers and more business relocations in recent history, Las Vegas is experiencing unparalleled growth and record wealth creation. The new Dream Las Vegas hotel and casino is expected to generate significant tax revenue and create 4,000 new direct and indirect construction jobs, while also offering the growing residential and business communities a new reason to visit Las Vegas.
“The Dream Las Vegas development is a great investment in our local economy — to boost tourism and create thousands of new jobs,” Sisolak said. “I’m excited to see the resort come to life in 2024, offering even more first-class amenities and service, and extending our state’s long history as a leader in hospitality and tourism.”
“The great thing about this development is that it helps us finish off an important part of the Boulevard that all of us have seen undeveloped for so many years," Gibson said. “Finally, we have an opportunity to complement all the little things that have been going on, and this is enormous for us. The economic value of this project far exceeds the $550-million investment. This is a reset on the development of Las Vegas Boulevard to finish the work that needs to be done, and Dream is the leader of that reset. The result is something we’re all going to be proud of.”
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“This project represents a new type of Vegas hotel experience, offering tourists and locals alike a unique boutique hotel option on the Las Vegas Strip," Shopoff said. "We are thrilled to break ground on Dream Las Vegas and watch as it energizes the southern end of the Strip, while providing countless jobs and revenue for local government."
“As a native to Las Vegas, I am thrilled to work alongside a great team and partners to reach this milestone in the development of Dream Las Vegas,” Daneshforooz said. “Dream Hotel Group will bring new life to this end of The Strip with its curated food, beverage, and entertainment offerings.”
“All of us at Dream are proud to play a role in creating what will be one of the most spectacular new additions to Las Vegas,” Stein said. “Las Vegas is a destination much like our Dream Hotels brand, marked by a vibrant, youthful energy and dynamic cultural arts and entertainment scene unlike anywhere else in the world. Together with innovative developers Shopoff and Contour, it is our goal to create an experience-driven property that surpasses expectations, blending forward-thinking design, progressive programming, and world-class hospitality with unmatched dining and nightlife.”
Set to open in late 2024, Dream Las Vegas features 531 highly appointed guestrooms and suites, and seven original dining and nightlife options, including a third-level resort pool and day club, two bar and lounge concepts on the gaming floor, a lobby bar, craft coffee café and gelateria on the street level, as well as a sporting club, boutique nightclub, signature restaurant, and 24-hour diner on the third floor.
The lifestyle hotel will also offer 12,000 square feet of meeting and event space, including a 5,000-square-foot ballroom and 90-seat live entertainment theatre, a 20,000-square-foot casino and gaming floor, a fitness center by TechnoGym, and on-site parking. Casino and gaming operations will be led by Peninsula Pacific Entertainment. Situated along emerging South Las Vegas Boulevard, the hotel’s presence will support the local community and the 32 million tourists that visit Las Vegas each year, adding another facet to the south end of the Strip.
McCarthy Building Companies is the design-builder contractor for the project. “We are proud to be a part of this exciting design-build hotel and casino project on the Las Vegas Strip," Edwards said. "This project will reflect the talent of approximately 1,200 construction professionals who will be working onsite to bring the Dream Las Vegas brand to life. I can assure you our industry is filled with enthusiasm around the opportunity to help build a new Las Vegas landmark and will do so in a work environment that is committed to safety, and is welcoming, inclusive, and empowering to all.”
Dream Las Vegas will be one of the first hotel properties seen from the Welcome to Las Vegas sign. Adjacent to the private aviation terminal at Harry Reid International Airport, two blocks from the new Allegiant Stadium, and nearby T-Mobile Arena, Dream Las Vegas is well-situated to capitalize on the southward expansion of new Las Vegas developments, as well as the numerous hotels and casinos along the Las Vegas Strip.