LAS VEGAS -- It's official. The date, that is. Aladdin Gaming LLC
and TrizecHahn Development Corp. announced the $1.3 billion Strip
megaresort that had some construction delays will open Aug. 17.
The property is located on a 34-acre site on the east side of
the Strip, just south of Paris Las Vegas, across the street from
the Bellagio. Its site is expected to attract walk-in traffic from
customers who want to see the Strip's newest resort.
A recent research report by two Morgan Stanley analysts cited
several reasons why the project should do well.
"The Aladdin design is well thought out, from a hotelier's
standpoint," they wrote. And as the last in a new wave of
properties opening on the Strip, "It will not have to face new
competition right after opening and will be able to ride the
marketing coattails of its predecessors."
Aladdin Gaming is building the resort's 2,600-room hotel,
100,000-square-foot casino and 7,000-seat Theater for the
Performing Arts, while Toronto-based TrizecHahn is developing the
500,000-square-foot Desert Passage shopping and dining area.
Recent shops that announced locations here include travel
outfitter Tumi & Brighton, and Endangered Species, a retail
specialty store involved in raising awareness of endangered
species.
Also, Wyland Galleries, featuring marine life art, and a French
fashion and jewelry store, Clio Blue Paris, announced they would be
tenants.
The Desert Passage complex has leased 90% of its total 130
retail shops and 14 restaurants, according to a spokesman. The
project should be fully leased by the summer, he added.
When completed, the Aladdin is due to have 21 restaurants, more
than any other property on the Strip, according to a spokesman.
The Aladdin resort is themed after the tale of 1,001 Arabian
nights. It will feature depictions of such themes as Tales of
Sinbad, Scheherazade's Palace and others.