The 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, yet 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 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.

Floor plans will be available in late Spring and exact pricing will be available around the same time. There will be studios of approximately 500 square feet and two different one-bedroom unit floorplans of approximately 750 & 1000 square feet respectively. Studios are estimated to range from $525,000 – $675,000 during presales, then range between $650,000 – $800,000 once open to the public; and one-bedrooms will start in the $750’s to over $1M.  There will also be a few ultra-luxury pool-side bungalows with one to four bedrooms and as well as penthouse suites—more details should be released on those at a later time.

                       Proposed Reservation and Deposit Schedule:

Reservations through Spring of 2006

 - $10,000 initial deposit on Studios - check payable to Lawyer’s Title

- $15,000 initial deposit on 1 Bedrooms - check payable to Lawyer’s Title

- $25,000 initial deposit on Specialty Units (2+ Bedrooms)

-  initial deposit for Bungalows & Penthouses to be determined on a
   case by case basis

- check payable to Lawyer’s Title

- Unit Selection/Hard Contract - Mid Summer 2006

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

- Estimated completion - early 2009.

Don’t miss this opportunity!  It will be an awesome investment, and members of my office are buying them as well.  ACT FAST, as our initial allocation of units will not last long… you’ll want to get in as early as possible on this one!!