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Company details growth plan

Thursday, May 19, 2005 | 10:43 a.m.

The Grandview of Las Vegas, a timeshare complex being built a block south of the South Coast resort on Las Vegas Boulevard South, expects to build 10 timeshare towers over the next several years at a rate of about a tower per year, a property manager said this week.

The company behind the Grandview also has purchased additional land for future development south of the project.

The timeshare complex would have more than 2,000 units and is expected to become the largest of its kind in the United States, manager Sanjay Prakash said.

The Grandview, owned by Eldorado Resorts Corp. of Ft. Lauderdale, has built and sold out two towers with 196 units each so far and is now selling the third.

The company has already sold the majority of the 240 units planned for the third tower, which is expected to begin construction this fall, Prakash said.

Eldorado Resorts bought land for the timeshare complex in 2003 and began construction on the first two towers last year on the 27-acre site.

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