weather icon Clear

New hotel coming near Las Vegas Convention Center

A new hotel is set to come out of the ground near the Las Vegas Convention Center, with an apartment complex to follow in a few years.

DG Development Corp. founder Daniel Grimm plans to build a six-story, dual-branded Hampton Inn & Suites and Home2 Suites just south of the convention center. Site work is underway.

apartment graphic

The hotel, at the southwest corner of Swenson Street and Sierra Vista Drive, would feature 150 rooms for Hampton Inn and 100 rooms for Home2 Suites, all under one roof, as well as a three-level garage. Guests would share common areas and amenities, including the lobby, lounge and pool, Grimm said.

He aims to finish the 2.5-acre, $55 million project in March 2020 and open for business the following month.

The project comes as the Las Vegas Convention and Visitors Authority gets underway on its $1.4 billion expansion and renovation of the convention center, a massive undertaking that could boost visitor totals and demand for nearby hotel rooms.

Grimm said Home2 Suites offers extended-stay accommodations, including kitchenettes, that could draw guests who stay three or four days before and after a convention to set up and break down booths. The Hampton Inn, he said, would target conventioneers and others who need a room for just a few days.

“That’s the theory,” he said.

Dallas-based Hall Structured Finance issued a $41.7 million construction loan for the hotel last week, spokeswoman Ellen Burger said.

Grimm said that when the hotel opens, he aims to break ground one to two months later on a 300-unit apartment complex next door.

He figured it would take two years to build the 6-acre, $60 million rental project.

Grimm acquired the hotel and apartment site in 2011. The Clark County Planning Commission approved project plans last year.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Resorts World ‘glowing’ with new shows across LED surfaces

New multimedia experiences on the massive displays of Resorts World Las Vegas promise to bring viewers into unique worlds, including a “feline-led psychedelic trip into space.”

Las Vegas Market expects many buyers for 2022 winter show

“Businesses of the buyers are just off the charts good and they need inventory, they need new merchandise,” Bob Maricich, CEO of International Market Centers, said of the home furnishings show.

US jobless claims rise to 286K, highest since October

The number of Americans applying for unemployment benefits rose to the highest level in three months as the fast-spreading omicron variant disrupted the job market.

How much is Donald Trump really worth?

Former President Donald Trump isn’t shy about his business acumen or his vast riches — but how wealthy is he currently?

Kentucky mason wins new truck, bragging rights as top bricklayer

“I wanted to lay a perfect wall,” said Cole Stamper, the newly minted champion of the Spec Mix Bricklayer 500 at the World of Concrete. “Straight, plumb level, straight and perfect — and that’s what it was.”