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$2B Palazzo opens this month, retail in January

GlobeSt.com, Sunday, December 9, 2007 at 4:41:39 PM

Las Vegas Sands Corp. in just a few weeks will quietly open the 50-story hotel-casino portion of the Palazzo, the $2.1-billion, 3,066-suite encore to its adjoining Venetian and Sands Expo Center developments. The $580-million, 450,000-sf retail piece of the Palazzo addition will open in mid-January concurrent with a grand opening celebration.

Together, the Palazzo, the 4,027-suite Venetian and the contiguous 1.2 million-sf Sands Expo Center represent the largest hotel and convention complex in the world.

The Shoppes at the Palazzo, which opens on Jan. 18, 2008, is no longer owned by Las Vegas Sands Corp. General Growth Properties, which acquired the Venetian’s 407,000-sf Grand Canal Shoppes from Las Vegas Sands upon its completion in May 2004 for $776 million, also agreed at that time to acquire the Palazzo retail upon its completion.

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