RECENT CAP EX $1.5B RENNOVATION
ROOMS 7,100
SLOT MACHINES 1,480
TABLE GAMES 210
MEETING SQFT 2.3M
Developing a Vision
17 million square feet. 17 million square feet make up The Venetian Resort in Las Vegas. That is equivalent to over 250 football fields (if you laid all the square footage out flat). What other consumer-serving commercial real estate asset in the United States is that large? None that we know of. And yet, when you’re inside The Venetian, it doesn’t feel cavernous. It is full of energy with winding pathways and waterways, presenting a juxtaposition of blinking neon slots and fine dining offerings, a bustling convention space, and a highly curated atmosphere of Americanized Italian luxury. Ever since Sheldon Adelson demolished the Sands Hotel & Casino in 1996 to make way for a brand-new resort, The Venetian has been a story of vision development. Adelson’s vision: Recreate the honeymoon he and his wife, Miriam, spent in Venice, Italy. The execution: • Artists, architects, and subject matter experts conducted extensive, on-site research on the landmarks and charms of Venice, Italy
• Authentic materials were imported to Las Vegas to construct and decorate the resort. For example, Verde St. Denis, a green stone found in the Italian Alps, is featured through- out and Italian artists were commissioned to travel to Las Vegas to hand-paint each ceiling fresco • The asset opened in 1999, and Fortune magazine credited it at the time with fueling “the overall renaissance of Las Vegas itself” For the largest property on the Strip, The Venetian’s design is incredibly detailed. The hand-painted frescoes adorn many ceilings throughout the property, from the ornate Grand Colonnade near The Venetian Lobby (pictured to the left), to the hallway welcoming guests into the south Venetian tower, to the entry passage of the casino. The contrast of detailed, baroque-style paintings with modern, neon-flashing gaming consoles transforms the space into an otherworldly realm, drawing art lovers and gamblers alike. Adelson’s dedication to place-making and attention to detail set the tone for decades of continuous and deliberate reimagination of The Venetian.
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VICI LAS VEGAS
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