Is it true that the Excalibur is Las Vegas is going to be imploded?
October 11th, 2009
Excalibur is currently owned by MGM Mirage and they have no plans to implode it anytime soon. They are working on building the multi-billion dollar City Center, scheduled for completion in 2009, and they are not undertaking any other major changes property-wise until that massive project is complete. (And when I say ‘massive’, I mean it will have its own fire department and power plant… here’s a link if you’re interested: http://www.citycenter.com/lifestyle/vision.aspx )
Also, MGM Mirage likes to keep many star levels of properties. For instance, they know the Treasure Island could be made as nice as the Mirage… (and it’s not like they couldn’t afford it!), but then they would have to raise the room prices, and according to the CEO, they like to have properties that cater to different income levels. So both Excalibur and Circus Circus (also owned by them) are safe for now.
The next hotel scheduled to come down is the New Frontier… currently sceduled for implosion in July, although those sorts of things are known to change.
Sahara was just bought and the new owners plan to renovate rather than demolish, and the owners of the Tropicana plan to renovate as well.
Harrah’s recently purchased both the Imperial Palace and the Barbary Coast, giving them about a solid mile of property mid-strip. (I bet those people rock at Monopoly!) They have talked about tearing down the Imperial Palace, but my sources have assured me it will remain open at least through March of 2008 (contractual obligations with vendors). I wouldn’t be surprised to see them tear down a property or two in the next few years to build their own brand new mega-resort.
October 11th, 2009 at 1:46 pm
It’s not a very nice hotel – so it wouldn’t surprise me.
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October 11th, 2009 at 2:07 pm
I don’t think it is that bad….I sure hope not…where is Neo?…he is the Vegas expert and the one to ask.
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October 11th, 2009 at 2:17 pm
ive heard rumors, but nothing is set in stone. It is not one of the fancy hotels here, but it is nice to go into.. rooms are fairly cheap, and the food is good. Plus it is connected to both the mandalay bay and luxor.. It still has alot of kids running around, but it is a nice alternative to stay if you don’t want to spend a fortune..
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October 11th, 2009 at 2:48 pm
Excalibur is currently owned by MGM Mirage and they have no plans to implode it anytime soon. They are working on building the multi-billion dollar City Center, scheduled for completion in 2009, and they are not undertaking any other major changes property-wise until that massive project is complete. (And when I say ‘massive’, I mean it will have its own fire department and power plant… here’s a link if you’re interested: http://www.citycenter.com/lifestyle/vision.aspx )
Also, MGM Mirage likes to keep many star levels of properties. For instance, they know the Treasure Island could be made as nice as the Mirage… (and it’s not like they couldn’t afford it!), but then they would have to raise the room prices, and according to the CEO, they like to have properties that cater to different income levels. So both Excalibur and Circus Circus (also owned by them) are safe for now.
The next hotel scheduled to come down is the New Frontier… currently sceduled for implosion in July, although those sorts of things are known to change.
Sahara was just bought and the new owners plan to renovate rather than demolish, and the owners of the Tropicana plan to renovate as well.
Harrah’s recently purchased both the Imperial Palace and the Barbary Coast, giving them about a solid mile of property mid-strip. (I bet those people rock at Monopoly!) They have talked about tearing down the Imperial Palace, but my sources have assured me it will remain open at least through March of 2008 (contractual obligations with vendors). I wouldn’t be surprised to see them tear down a property or two in the next few years to build their own brand new mega-resort.
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I work in the Las Vegas travel industry.
October 11th, 2009 at 3:10 pm
We can hope……
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