Las Vegas Sands (LVS) Announces Agreement with Starwood Hotels (HOT) to Develop The St. Regis Residences at the Venetian Palazzo

September 4, 2008 1:43 PM EDT

Las Vegas Sands (NYSE: LVS) has reached an agreement with Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) to develop The St. Regis Residences at the Venetian Palazzo, Las Vegas, a collection of 398 private luxury residences, introducing the renowned St. Regis brand to Las Vegas, Nevada. The residential project is currently under construction between Las Vegas Sands' Palazzo and Venetian resorts on the Las Vegas Strip.

Anticipated to open in March 2010, the St. Regis Residences will offer owners the famed hallmarks of the St. Regis brand including, the Signature St. Regis Butler Service, custom tailored experiences, and luxury accommodations in the best addresses in the world. The legendary St. Regis Butler Service offers unparalleled round-the-clock personal attention to every resident. Trained in the English tradition, the butlers provide ever-present yet unobtrusive services while anticipating each resident's needs, custom tailored to his or her specific tastes and preferences.

The interiors of the residences are being meticulously designed to exceed the standards of the most discerning customers. Buyers will have the option to purchase a fully-furnished "move-in ready" residence with furniture packages from several world-renowned designers. Residences will range in size from 1,700 to over 10,000 square feet for a duplex villa with private pool. Total sales for all units could reach as much as $2 billion.

Las Vegas Sands Corp. (LVSC) owns and operates The Venetian Resort Hotel Casino (The Venetian), The Palazzo Resort Hotel Casino (The Palazzo), The Sands Expo and Convention Center (The Sands Expo Center) and The Congress Center in Las Vegas, Nevada, and the Sands Macao and The Venetian Macao Resort Hotel (The Venetian Macao) in Macao, China.[SM]

Related Categories

Corporate News

Stocks Mentioned

Add Your Comment

Name

Subject

Body

Verification can't see the text?
click here to refresh the image.
what's this?