Technogym
Technogym
Technogym

Marriott and Witkoff to turn unfinished Fontainebleau into integrated resort

The unfinished Fontainebleau resort tower in Las Vegas, US, will finally get a new lease of life, following a deal struck between New York-based developer Steve Witkoff and hotel giant Marriott International.

Witkoff and Marriott have announced plans to turn the Fontainebleau building into an integrated resort, featuring two hotels operated under Marriott’s luxury brands The Edition and JW Marriott.

Construction work on The Fontainebleau Las Vegas tower – designed by Carlos Zapata Studio in partnership with Bergman Walls Associates – first began in February 2007, but came to a halt in 2009 following the global financial crisis the year before. The project eventually went into bankruptcy and the 60+-storey building – the tallest in Las Vegas – was often referred to as the “towering monument to the recession”.

Now, five months after acquiring the property for a reported US$600m (€485.5m, £432.5m), the Witkoff Group has revealed its plans to bring the resort back to life.

To be called The Drew, the resort is set to open in 2020 and will feature more than 4,000 bedrooms across the two hotels.

While no exact details of the facilities have been revealed, in its former iteration the Fontainebleau building was expected to include – upon completion – a 95,000 sq ft (8,800sq m) casino and a 60,000 sq ft (5,600sq m) destination spa, as well as a 3,300-seat performing arts theatre.

Whether those plans will change has been unconfirmed.

Steven Witkoff, chair and CEO of Witkoff Group, said: “With Marriott International, we have the opportunity to ensure we unlock the unparalleled value of this asset.

“This acquisition, made in partnership with New Valley LLC, is a well-designed, structurally-sound project with a significant discount to both replacement cost and the implied public market valuations of comparable Las Vegas Strip resorts.”

Two Blackbirds Hospitality, led by hotelier and former Cosmopolitan CEO John Unwin, will oversee the launch and operations of The Drew Las Vegas.

Founded in 1997, the Witkoff Group specialises in identifying, acquiring and developing what it describes as “undervalued properties” in key locations.

Steve Witkoff  Marriott International  The Fontainebleau  The Drew  Las Vegas 
Related stories
29 Jan 2018

Marriott signs deal for luxury hotel at US$3bn Water Street Tampa project

12 Jan 2018

Marriott to open Tadao Ando-designed W hotel in Osaka in 2021

15 Dec 2017

Nora Tobin named wellness ambassador for JW Marriott

15 Jul 2008

ResortSuite to manage Fontainebleau’s operations

The unfinished Fontainebleau resort tower in Las Vegas, US, will finally get a new lease of life, following a deal struck between New York-based developer Steve Witkoff and hotel giant Marriott International. Witkoff and Marriott have announced plans to turn the Fontainebleau building into an integrated resort, featuring two hotels operated under Marriott’s luxury brands The Edition and JW Marriott. Construction work on The Fontainebleau Las Vegas tower – designed
CLD,SAB,HOT,PRO,ARC
A deal to develop the project has been struck between New York-based developer Steve Witkoff and hotel giant Marriott International
More news
News stories: 1 - 30 of 7706     
 
 
 
News stories: 1 - 30 of 7706     
 
 
 
company profile
Company profile: Polin Group
Market leader in design, manufacturing and installation of waterslides and water leisure developments.
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The platforms offer ‘different senses of excitement and enclosure’
Alan Metcalfe
"When people are a bit scared, they gather together"

Featuring a vibrating glass platform and one of the US’s longest tree canopy walks, Whiting Forest has been designed to bring visitors closer to nature and to one another

Smooth in-situ concrete dominates the building’s interior spaces including the foyer below
Alexander Schwarz
"Our aim was to create a place celebrating public space and accessibility"

The opening of the James-Simon- Galerie on Berlin’s Museum Island completes two decades of work for David Chipperfield Architects. The lead designer talks us through the building

Architects Monk Mackenzie created an interior box to house the new studios
"We’ve designed the space so that the atmosphere is intimate"

Les Mills’ new studio spaces at its iconic Auckland City Gym showcase a trend away from masculine ‘grunty’ gyms to something altogether different

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Francis graduated as a landscape architect in Belgium. He returned to Lebanon in 1993
"I believe gardens are where the soul rests"

With a focus on desert landscapes and collaborations with Zaha Hadid and OMA, the principal of Francis Landscapes has a deep belief in the power of nature

Left to right: Richard Rogers, Graham Stirk and Ivan Harbour
Stephen Barrett (left) 
and John McElgunn (right) were both made partners at RSHP in 2016
"Leisure space – public space – is at the very root of democracy, and architecture is about democracy"

As RSHP completes its latest cultural project, we speak to two of its partners about why Richard Rogers isn’t leaving his succession to chance

Interview: Olga Polizzi
Olga Polizzi is director of design for Rocco Forte Hotels and also owns two of her own hotels
"On Via Sistina, everything breathes history. At the same time I wanted to reflect the modern hunger for the fantastical - Tommaso Ziffer"

Following the highly anticipated launch of Rome’s Hotel de la Ville, Rocco Forte’s director of design reflects on a fascinating project

Danish landscape architecture firm SLA designed the rooftop park to attract a range of wildlife
"It was born from the sheer anxiety of having to submit something brilliant in a very short timescale"

How a moment of desperation led to BIG’s CopenHill, the clean power plant that’s doubling as a skiing and leisure destination. Magali Robathan speaks to the architects that made it happen

Fisketorvet Copenhagen Mall
"Most clients are very focused on how buildings are used and experienced as the primary design driver"

The MD of Schmidt Hammer Lassen and the CEO of PerkinsWill tell us why their merger will help create smarter buildings driven by human behaviour

cladkit product news
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
cladkit product news
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
cladkit product news
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym