BluefoxToday blog : Venetian resort joins exclusive club

Venetian resort joins exclusive club

It's truly a coveted honor for a hotel or a resort to earn the five diamond treatment from AAA. Owners of these establishments on the verge of getting there will do lots of different things to make it over the last final hurdle. It's even more difficult for the Vegas mega resorts because of their size. Calibrating a 3,000-room resort to that goal is much tougher than doing it with a 300-room hotel, don't you think. 

Regardless, the 4000-suite Venetian has finally completed its mission. It'll be awarded that long-sought distinction in next month's announcement from AAA. It appears word leaked out a tad early but for the Venetian staff it's all hand shakes and hugs for now. Once there, it'll be the largest hotel to accomplish that difficult feat.

Up until now the competition across the street, Wynn Las Vegas, has had an edge on the Venetian because it already enjoys the fruits of that honor. These two go pretty much after the same market segment, the high rollers, fine dining experts and the convention business, and this will mean the duel will only heat up. Isn't that what competition is all about? 

Other properties in town who have previously reached the five diamond plateau are the Skylofts Penthouse Suites at the MGM Grand, the Ritz-Carlton at Lake Las Vegas, the Four Seasons and the Bellagio. I'd say rather distinguished company. All of them, of course, are now anxiously waiting for this year's results.

 

 

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Provided by: 

Esko Kiuru
Mortgage, real estate and apartment industry analyst 

www.BluefoxToday.com - syndicated mortgage, housing and property management blog

eskokiuru@gmail.com
My cell: 702-499-1006

Comment balloon 4 commentsEsko Kiuru • October 17 2007 09:56PM

Comments

WOW!  Congrats to the Venetian, their time has come!
Posted by Renée Donohue, Las Vegas Real Estate Broker - www.urLVhome.com (Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate) almost 11 years ago

Renee,

They sure are moving up in the world.

Posted by Esko Kiuru almost 11 years ago
Esko - The rate of growth and change in Las Vegas boggles the mind. Kudos to The Venetian. A lot of work goes into attaining that distinction.
Posted by Tom Plant (WINEormous.com) almost 11 years ago

Tom,

It's a tough job for a 4000-suite property, no question.

Posted by Esko Kiuru almost 11 years ago

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