Plaza Hotel in Las Vegas and Residences

The Plaza Hotel in Las Vegas will be the sister ultra luxury hotel and residences of the famous New York Plaza hotel and residences. The developer paid a record $32 million an acre for the land which is located adjacent to Trump International Hotel Las Vegas and across the street from Wynn Resort. Add to the land price the construction cost and you will have a property costing approximately $8 Billion when completed in 2011.

Currently planned are ultra luxury residental condominiums in The Plaza Las Vegas. Given the global demand for the Plaza New York, the Plaza Las Vegas will be high demand. Contact us today to be place on our VIP list for this great project.

"We are excited to bring The Plaza to Las Vegas," said Isaac Tshuva, Owner of ELAD Group and The Plaza in New York. "The new project will exude the same elegance and grandeur that The Plaza in New York is known for. We look forward to becoming part of the Las Vegas skyline and will bring high quality service and excellence that is expected with The Plaza brand." 

"The investment in the new flagship project, The Plaza Hotel in Las Vegas, will be estimated at $8 billion and will set the bar for new standards in the field of hospitality and entertainment," said NochiDankner, Owner and Chairman of IDB Group. "The project´s expected completion is set for 2011 and will create at least 15,000 new jobs in Las Vegas."

"The Plaza Hotel in Las Vegas will be a multi-use property and will feature an ultra-luxury hotel, private residences, retail outlets, a state-of-the-art casino, destination restaurants, an entertainment venue and a convention complex," said Miki Naftali, CEO and President of ELAD Group. "Excavation of the site is set to begin in the 3rd quarter 2008."

Former Vice Chairman of the Board of MGM Mirage Daniel Wade has been appointed COO of ELAD IDB Las Vegas, LLC. "I am honored to be given the task of cultivating The Plaza brand in Las Vegas. The Plaza is an internationally renowned brand and will redefine luxury and elegance in the gaming capital of the world," said Wade. "As we grow this brand internationally, IDB Group and ELAD Group selected Las Vegas for the second of many Plaza locations around the world."

Full press release can be read here.