Have you ever wondered how much it would cost to build a resort world in Las Vegas? It’s no secret that the city is known for its luxurious hotels and extravagant entertainment options, but what does it take to create a brand new resort from scratch? Let’s take a closer look at the numbers.
The Land Cost
First things first, any new resort needs a prime piece of real estate. In Las Vegas, land doesn’t come cheap.
The average cost per acre on the Las Vegas strip is around $20 million dollars. Depending on the size of the resort you want to build, this could be your biggest expense.
Construction Costs
Once you’ve secured your land, it’s time to start building. Construction costs for a new resort can vary greatly depending on the size and complexity of the project.
On average, it can cost anywhere from $1 million to $10 million per room to construct a luxury hotel in Las Vegas. This means that a 500-room hotel could cost anywhere from $500 million to $5 billion dollars to build.
Infrastructure Costs
In addition to the hotel itself, there are also infrastructure costs that need to be taken into account. This includes things like utilities, roads, parking lots, and landscaping. The average cost of these infrastructure projects is around $40 million dollars.
Furniture and Fixtures
Once construction is complete, you’ll need to furnish your hotel with all the necessary amenities. This includes everything from beds and linens to TVs and mini-fridges. On average, it can cost around $15 million dollars to fully furnish a luxury hotel in Las Vegas.
Marketing Costs
Finally, once your resort is complete and ready for guests, you’ll need to invest in marketing efforts to get people in the door. Advertising campaigns can range from a few hundred thousand dollars to several million dollars, depending on the scale of your marketing efforts.
The Total Cost
So, how much does it cost to build a resort world in Las Vegas? Based on the numbers we’ve looked at, it could easily cost upwards of $6 billion dollars.
Of course, this is just an estimate and the actual cost can vary depending on a variety of factors. However, it’s clear that building a new resort in Las Vegas is not for the faint of heart – or the light of wallet.
- Land: $20 million per acre
- Construction: $1 million to $10 million per room
- Infrastructure: $40 million
- Furniture and Fixtures: $15 million
- Marketing: Several hundred thousand to several million dollars
Conclusion
Building a new resort world in Las Vegas is no small feat. It requires a significant investment of time and money, but for those with deep pockets and a vision for luxury hospitality, it can be a worthwhile endeavor. With careful planning and execution, you could create the next must-visit destination on the strip.