Time-share company plans Las Vegas expansion

Monday, Aug. 20, 2001 | 11:06 a.m.

A privately held time-share company that recently sold out the 86-unit Club de Soleil resort on Tropicana Avenue west of Decatur Boulevard says it will expand the property as well as build a new resort on five acres a block east.

Consolidated Resorts Inc., Las Vegas, which also operates nine resorts on three Hawaiian islands, is adding 78 two-bedroom units for $17 million at Club de Soleil, which opened in 1999. The addition is expected to be completed by October.

The company also is building an as yet unnamed 120-unit nongaming time-share property for $28 million. Ground will be broken early next year on that property.

The company also announced that it is seeking property on or near the Las Vegas Strip to build a time-share resort that would become the flagship property of the company. The company hasn't determined where or how large the luxury property would be, but that ground would be broken in late 2002.

The original Club de Soleil, which has no casino and is affiliated with the Interval International vacation ownership exchange company, has 53 two-bedroom and 33 one-bedroom units. The new units are selling for an average $17,000 a week -- meaning the buyer has the right to use the unit one week per year while owning it. The new resort will have an average sale price of $18,000 a week.

When the expansion and new resort are completed, Consolidated will have 284 time-share units in Las Vegas.