Adelson hopes to rent suites at average daily rate of $167
Tuesday, May 4, 1999 | 11:19 a.m.
It's an understatement to say Sheldon Adelson is proud of the Venetian's hotel rooms.
To Adelson, the massive resort's 3,000 rooms are one of its central components.
Adelson believes the Venetian's rooms are superior to the rooms offered anywhere else in town. The rooms, he says, will sell the resort.
"Take a look at the room," said Adelson during a Venetian tour earlier this year. "Our room is substantially superior to any other room in town."
All Venetian rooms are divided into separate living and sleeping areas by three steps and a wrought-iron fence. All rooms have two 27-inch televisions, a wet bar, plush furniture and fixtures, and a safe large enough for a laptop computer. In keeping with the Adelson's plan to fill a significant number of rooms with conventioneers, each Venetian room will include a fax machine with a separate dedicated data line for computers.
Securities and Exchange Commission filings by the Venetian last year state that the hotel expects to command an average daily room rate (ADR) of $167. Compared to ADR's of less than $100 at most other resorts in town, that is high.
"I know for Las Vegas that's high," Adelson said earlier this year. "But we're not competing with Las Vegas, necessarily. We're competing with the rest of the country."
The Venetian's business model assumes the resort's vast attached convention and meeting space -- 1.65 million square feet -- will attract enough people to fill its rooms. According to Adelson, conventioneers will gladly pay as much as $229 a night for a basic Venetian room.
For competition, the Venetian has Bellagio, with basic room rates running from $129 to $299 a night, and the high-end Four Seasons Hotel atop the Mandalay Bay, which charges a minimum of $250 a night. There are also less expensive basic rooms up and down the Strip, but Adelson thinks the Venetian rooms will sell themselves.
"People will pay for this room," Adelson said. "People will say, 'I'm on the company account.' "
archive
- Most Read
- Discussed
- Most E-mailed
- Cada and Moon emerge as Main Event’s final two
- Fight snapshot: Reviewing “24/7 Pacquiao/Cotto,” episode 3
- Motorcyclist dies in Summerlin crash
- Two injured in shooting in central valley
- Buchanan was one of the city’s truly flamboyant characters
- Fight snapshot: Pacquiao is a hit with Jimmy Kimmel, and vice versa
- Google Maps glitch renames Henderson
- Rebels’ win raises a few what-ifs
- Wood: Not the renewable some had in mind
- North Las Vegas man dies in single-car crash
Blogs
Sports: Upon Further Review
Fight snapshot: Arum takes a pot shot during Pacquiao training
Robin Leach's Las Vegas Celebrity Watch
Final Five have two routines each on Dancing With the Stars
The Coin Bucket
Blue Man Group at half price for locals
Elsewhere
Findlay Prep's Bradley fitting in at Texas (2 Comments)
Now and Then
I went to a hockey game and a New Mexico women's soccer match broke out (1 Comment)
Politics: The Early Line
Attention in D.C. focuses on health care proposals (1 Comment)
Elsewhere
Fedor v. Rogers delivers solid ratings on CBS (5 Comments)
Calendar »
- 10 Tue
- 11 Wed
- 12 Thu
- 13 Fri
- 14 Sat
-
Jo Dee Messina at the House of Blues
House of Blues | 7 p.m. to 10 p.m.
-
The Revival Tour at Beauty Bar
Beauty Bar | 9 p.m. to 11:59 p.m.
-
DJ Tina T at Prive
Prive | 10 p.m. to 11:59 p.m.
-
The Automatic Tour at The Square Apple
The Square Apple
The Sun
Locally owned and independent for more than 50 years.
Technorati








