When the Dubai debt crisis left the world financial market panic, the “Dubai World†in the center of the whirlpool is still spending a lot of money on the Las Vegas hotel industry.
£5 billion "Vdara" hotel
Hotel interior lighting
The British "Times" said that for "Dubai World", investing 5 billion pounds (about 56.75 billion yuan) with MGM, opening a new hotel in Las Vegas is a huge bet, also It may be the last chance to avoid the largest debt default in world financial history.
Not allowed to gamble, drink and smoke. This new hotel is named "Vdara". It is a £9 billion ultra-luxury entertainment center in Las Vegas. It is part of the "City Center" and opened on December 1. . In the hotel's brochure, “Vdara†is described as a luxury hotel with a modernist style and offers non-gambling and non-smoking environments for visitors.
Dubai World gambles 5 billion pounds to open the hotel interior lighting exposure
Dubai World gambles 5 billion pounds to open the hotel interior lighting exposure
To this end, investors are not optimistic about the future of this hotel. According to Las Vegas natives, this luxury hotel invested by “Dubai World†does not have a standard that meets Las Vegas’ “Sin Cityâ€: there is no casino in the hotel, and smoking is also prohibited. The price of the room still maintains the high standard of “Dubai Worldâ€? The nightly accommodation costs up to 1,200 pounds. On the website of the Las Vegas Review Magazine, there is even a comment saying that from a marketing point of view, is the Vdara hotel misplaced?
It coincides with the decline of the US tourism industry. It is reported that the “City Center†where Vdara Hotel is located is a super-luxury entertainment center integrating shopping centers, art galleries, fitness centers, entertainment centers and residential areas. It also includes different styles with more than 7,000 rooms. Luxury hotel. The project was jointly built by MGM Group and Dubai World.
Dubai World gambles 5 billion pounds to open the hotel interior lighting exposure
Dubai World gambles 5 billion pounds to open the hotel interior lighting exposure
Although the opening of the “City Center†created 12,000 jobs for the local area, which greatly restored the employment confidence of Las Vegas and the United States, the relevant people believe that the “city center†business prospects are today when the tourism industry is hit hard by the economic crisis. Worried. At present, the hotel's hotel occupancy price has been 25% lower than last year, and the number of empty rooms is more than 5,000. The opening of the city center is bound to reduce the occupancy rate of the casino. Tony Alamo, a member of the Nevada Gaming Commission, said: "If I don't worry, then I must be lying."
Dubai World gambles 5 billion pounds to open the hotel, hotel exterior
Phil Ruffin, the owner of Treasure Island Resort near the "City Center," said that the newly opened hotels in history will help the Las Vegas economy, but the "city center" may break this trend. Phil is worried that even if the employment rate improves tourism, it will not recover soon. He said: "I hope that Dubai World and MGM will be successful because it is about the fate of the whole city. But I can't think of anything worse than opening a 7,000-room hotel at this time."
Dubai World gambles 5 billion pounds to open the hotel
Dubai World gambles 5 billion pounds to open the hotel
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