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W Hotel Las Vegas - Starwood  Resorts - W Hotel Condo Hotels


W Hotel is coming to Las Vegas! The property, intended to be THE international flagship for Starwood Resorts, will have approximately 4,000 rooms in two elegant 42 story towers, but only a limited selection of about 500 units will be sold as fully furnished condo hotel suites. There will also be a 75,000-square-foot casino, world class spa and about twenty restaurants and upscale clubs. The hotel will be constructed on 25 acres at the corner of Harmon Avenue and Koval Lane, just behind the Aladdin (soon to be the Planet Hollywood) and MGM Grand, and right next door to the massive Hard Rock expansion.

It has already been announced that Hollywood retailer and icon Fred Segal will is planning a 100,000 square foot store inside the W. This would be Segal's first store outside California and his largest to date.

Floor plans are now available and unit selection has begun. There will be studios of approximately 510 square feet, one bedroom units of approximately 825 square feet and two bedroom combo units of 1050 square feet. Studios are estimated to start in the mid $500s up to the high $700s and one bedrooms will start somewhere in the $800s to over one million. There will also be some ultra luxury pool side bungalows from one to four bedrooms and as well as penthouse suites - more details should be forthcoming on those later.

Proposed Reservation and Deposit Schedule

  • Reservations through mid summer of 2006

  • $10,000 initial deposit on Studios - check payable to Lawyers Title

  • $15,000 initial deposit on 1 Bedrooms - check payable to Lawyers Title

  • $25,000 initial deposit on Specialty Units (2+ Bedrooms, Bungalows, Penthouses) - check payable to Lawyers Title

  • Unit Selection/Hard Contract - starting July 2006 - Within 48 hours of unit selection, initial deposits will be increased to equal 10% of the purchase price and shall become non-refundable.

  • Second Deposit - At the start of construction, approximately fall of 2006, an additional deposit equal to 10% of the purchase price (20% in the aggregate) will be required for a total of 20%.

  • Estimate completion - spring 2009

 


 

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