Realtor Steven Witkoff has made it clear that The Drew Las Vegas Strip casino resort, yet under development, will not be open for guests until 2022. The plans have been delayed, as earlier the realtor had said that the venue could be ready by late 2020.
According to Witkoff, the target has been revised, and the integrated strip casino resort may begin operations in the second quarter of 2022.
Talking about the development plans, he said that The Drew, when ready would have 3,780 guestrooms, and a large conference hall spanning 550,000 square feet. The venue will also have several retail outlets, a spa, and restaurants.
It was in August 2017 when Witkoff and New Valley LLC, a Miami-based investment company bought the property from the activist investor Carl Icahn and since had since been developing it.
Talking of this particular investment, Witkoff had said that “This was a chance to buy something and build at a huge discount to what it cost to build new.”
The total cost of rebuilding and developing the property is estimated at around $3.1 billion.
In a statement to the press, Witkoff said that “The Drew is poised to not only capitalize on this imbalance but also offer visitors a new marquee luxury resort with a distinctive, compelling concept. This is a once-in-a-lifetime opportunity for our team and our partners,”