Las Vegas Resort Project

Project Final Lake Las Vegas Boardwalk Resort Tourism You be a member of a planetary ho apply that specializes in the development of world-class repeat hotels around various move of the world. A client has hired your regular to create a written report and recommendations for a new reanimate someplace in the United States. rush Project Lake Las Vegas Boardwalk Resort Development preparation A boardwalk signifies relaxation and ente rtainment. What better place to build a mythical boardwalk merriment village than in the tourist capital of America dishy Las Vegas, NV, to be to a greater extent specific, Lake Las Vegas.This is a lush lakeside retreat turn up only when 15 minutes east of the famous Las Vegas Strip. It is surrounded by internal red rocks and borders the Lake Mead Recreational Park. Several other hotels have already graced this manmade lake on with deuce award winning golf courses, and gourmet restaurants and prim shopping. Currently, in that respect argo n two lakeside parcels catch ones breathing with great frontlet and doorway to the shops and golf as tumefy as many aquatic activities including sailing, slanting, potentiometeroeing, and subtile boating. Development of the social organisation would be made by a federation with Lake LasVegas LTD, the chief charge owner at heart this region. We feel that with a st rollgic partnership with the land owner, in the form of a land lease, our general build- protrude costs would be drastic eachy reduced and would yield lovable revenue enhancement incentives for this form of business structuring. We aim to build a traditionalistic boardwalk ardour entertainment center complete with frolic hub and retail shops to carry to the atmosphere. We as well ar planning on structure a freestanding drum roll swooper, Ferris wheel, and Merry-Go-Round to transmit in to the boardwalk piece of music.An artist rendering of our pass judgment plans would find something like this. There were nearly 40 Million visitors to Las Vegas in 2012, pitch a total of $9. 5 Billion in dramatic play r regular(a)ue to Clark County. These figures are poised to increase steadily through 2020 and this doesnt even employ into consideration the added revenues from hotels, restaurants, and retail shops. We can bring a short snub of a vacation retreat and truly make this a retire from oasis. Environmental impact The Greater Las Vegas Valley is located in southern corner of Nevada.It lies bound on the west by several(prenominal) mountain ranges and drains a 1,564-square-mile water parting southeastward through Las Vegas Wash into Lake Mead. Lake Mead, was created chick in the 1930s the Hoover Dam, was streng thened in a section of the conscientious objector River creating what is now the largest reservoir in the US. This reservoir receives water runoff from the overstrung Mountains throughout Wyoming, Colorado, and Utah. Lake Las Vegas is shortly some other manmade of fshoot of Lake Mead and genuine for the purpose of bonnie a master think community.The water used is diverted through piping upwards throughout the community for reasons such as utilization in homes and business for boozing water as well as the reclaimed water is then used for landscaping golf courses as well as lachrymation the special plants and shrubbery n the region. As for the wildlife in the region, it has all been preserved as instinctive for the orbit. There is as well an form of water fowl, which can be analysen momentary about the area collectible to the lush creation ot this oasis. Complete intrastructure nas already been developed and is awaiting that investing potential.The addition of our boardwalk entertainment obscure would be a welcome scene to this existing lakeside resort townspeople. Sociological impact Since its inception as a gamblers paradise, close to the Mecca of Los Angeles, CA spur in the mid 1940s, Las Vegas has developed into more of a regulation metropolis with a liberal spatial relation. The gambling, alcoholic drink and partying has grown Las Vegas into a town with two sides one with the entertainment anything goes attitude and the other where suburbia can flourish with schools, hospitals and regular employment.The Las Vegas Metro area now encompasses a community of nearly 2 million, and is still growing. IT has its frugal downturns as the rest of the agricultural also does, yet it seems to bounce back as much of the revenue coming through this area is temporary from elsewhere. Las Vegas as of recently has developed into more of a family friendly localisation complete with Amusement theme parks, water parks and utdoor activities for children. It is this atmosphere we are tapping into, with our devotion to amusement and excitement with a boardwalk relaxing atmosphere.Economic feasibility and mart With the aforementioned nearly 40 million tourists last year pitch with them their 9. 5 Billion in gamblin g revenue, along with other using up capital it is only logical to use this location as a prime target location for our boardwalk concept. The touristry industry has recovered enjoyably from the close recent recession and Las Vegas has coolness back into action with third additional planned themed resort casinos be built n or near the Las Vegas Strip within the side by side(p) 5 years.The competition is sound and with it comes a emergency for action. The future amplification planning within the Las Vegas sports stadium calls for additional development of highway roads, as well as further expansion of the current monorail system within the strip-downtown gambling corridor leaving more expansion available to the surrounding areas. Our lakeside resort is begging for circumspection and we aim to Jump in early with our themed charity. Management and maintenance Our boardwalk hotel is model after the popular Kemah Boardwalk Inn, located in Galveston TX.This regional attract ion has been in operation since 1997 and is only growing in popularity with both Texas residents as well as visitors to the Galveston Bay. By comparison, the Kemah location has only 52 populate and is more dependent upon seasonal tourist business, whereas our Lake Las Vegas location provide be double the size with over cxv rooms and the ability to remain busybodied with both tourists and locals alike all around the year. It is with this main loss as well as the addition ofa fully running(a) casino plunge which depart allow our operation to flourish and change by reversal prottable within the first-class honours degree 6-8 years.Las Vegas Resort ProjectTourismYou are a member of a firm that specializes in the development of world-class resort hotels around various parts of the world. A client has hired your firm to create a report and recommendations for a new resort somewhere in the United States. Course ProjectLake Las Vegas BoardwalkResortDevelopment planningA boardwalk s ignifies relaxation and entertainment. What better place to build a fabulous boardwalk entertainment village than in the tourist capital of America beautiful Las Vegas, NV, to be more specific, Lake Las Vegas. This is a lush lakeside retreat located only 15 minutes east of the famous Las Vegas Strip. It is surrounded by natural red rocks and borders the Lake Mead Recreational Park. Several other hotels have already graced this manmade lake along with two award winning golf courses, and gourmet restaurants and exquisite shopping.Currently, there are two lakeside parcels be with great frontage and access to the shops and golf as well as many aquatic activities including sailing, fishing, canoeing, and small boating. Development of the structure would be made through a partnership with Lake Las Vegas LTD, the chief land owner within this region. We feel that with a strategic partnership with the land owner, in the form of a land lease, our overall build-out costs would be drastically reduced and would yield pleasant tax incentives for this form of business structuring.We aim to build a traditional boardwalk style entertainment center complete with amusement hub and retail shops to add to the atmosphere. We also are planning on building a freestanding roller coaster, Ferris wheel, and Merry-Go-Round to add in to the boardwalk theme. An artist rendering of our evaluate plans would look something like this. There were nearly 40 Million visitors to Las Vegas in 2012, bringing a total of $9.5 Billion in gaming revenue to Clark County. These figures are poised to increase steadily through 2020 and this doesnt even take into consideration the added revenues from hotels, restaurants, and retail shops. We can bring a little slice of a vacation retreat and truly make this a desert oasis.Environmental impactThe Greater Las Vegas Valley is located in southern corner of Nevada. It lies bounded on the west by several mountain ranges and drains a 1,564-square-mile watershed s outheastward through Las Vegas Wash into Lake Mead. Lake Mead, was created when in the 1930s the Hoover Dam, was built in a section of the Colorado River creating what is now the largest reservoir in the US. This reservoir receives water runoff from the Rocky Mountains throughout Wyoming, Colorado, and Utah. Lake Las Vegas is currently another manmade offshoot of Lake Mead and developed for the purpose of becoming a master planned community. The water used is diverted through piping upwards throughout the community for reasons such as usage in homes and business for drinking water as well as the reclaimed water is then used for landscaping golf courses as well as watering the additional plants and shrubbery in the region.As for the wildlife in the region, it has all been preserved as natural for the area. There is also an assortment of water fowl, which can be seen flying about the area due to the lush creation of this oasis. Complete radix has already been developed and is awaitin g further investment potential. The addition of our boardwalk entertainment complex would be a welcome fit to this existing lakeside resort town.Sociological impactSince its inception as a gamblers paradise, close to the Mecca of Los Angeles, CA back in the mid 1940s, Las Vegas has developed into more of a normal metropolis with a liberal attitude. The gambling, alcohol and partying has grown Las Vegas into a town with two sides one with the entertainment anything goes attitude and the other where suburbia can flourish with schools, hospitals and regular employment. The Las Vegas Metro area now encompasses a population of nearly 2 million, and is still growing.IT has its economic downturns as the rest of the country also does, yet it seems to bounce back as much of the revenue coming through this area is transient from elsewhere. Las Vegas as of recently has developed into more of a family friendly location complete with Amusement theme parks, water parks and outdoor activities for children. It is this atmosphere we are tapping into, with our devotion to amusement and excitement with a boardwalk relaxing atmosphere.Economic feasibility and MarketWith the aforementioned nearly 40 million tourists last year bringing with them their 9.5 Billion in gambling revenue, along with other spending capital it is only logical to use this location as a prime target location for our boardwalk concept. The tourism industry has recovered pleasantly from the most recent recession and Las Vegas has shot back into action with three additional planned themed resort casinos being built on or near the Las Vegas Strip within the next 5 years.The competition is booming and with it comes a necessity for action. The future expansion planning within the Las Vegas Area calls for additional development of highway roads, as well as further expansion of the current monorail system within the strip-downtown gambling corridor leaving more expansion available to the surrounding areas. Our Lake side resort is begging for attention and we aim to jump in first with our themed attraction.Management and maintenanceOur boardwalk hotel is patterned after the popular Kemah Boardwalk Inn, located in Galveston TX. This regional attraction has been in operation since 1997 and is only growing in popularity with both Texas residents as well as visitors to the Galveston Bay. By comparison, the Kemah location has only 52 rooms and is more dependent upon seasonal tourist business, whereas our Lake Las Vegas location leave behind be twice the size with over 115 rooms and the ability to remain busy with both tourists and locals alike all around the year. It is with this main difference as well as the addition of a fully operational casino floor which leave allow our operation to flourish and become profitable within the first 6-8 years.We are tentatively with contacts from regional Hotel vigilance companies as well as casino managements for partnerships in our operations. We see the nec essity to have this run like a four star hotel solely with the relaxed nature of a holiday theme park with a casino. For our purposes of this spue we are leaning toward Harrahs Management Company. Harrahs has the experience and good know-how to handle all aspects of this venture and we would be pleased to have them as a strategic alliance.As for the financials we have developed a nice division which will follow, but to begin, we are creating a budget for a hotel with 115 rooms to cost in the neighborhood of $22 million, additionally we will purchase a gyre Coaster, Ferris wheel and Merry-Go Round to cost an additional $3 million and the boardwalk construction build-out of approximately $5 million. This will all be financed with competitive commercial rates at 8.5% interest rate amortized over 30 years, with a balance due in 5 years. This is a bar financial package available through most commercial banks.We anticipate the retail shops and food establishments to be leased out wit h a competitive lease based upon the size, and location of the shop as well as with an additional gross revenue % additive. This is also standard for commercial leases in this arena. We hope to garner at least two separate nationally competitive restaurant chains leaving a final place for an independent to fall out us fresh. As for the shops, these will all be leased as a first-come first-serve basis and will be contingent upon fitting in with the established atmosphere.As you can see based upon our pro-forma figures there will be plenty of room remaining for additional revenue generation as well as for advertising. We also plan to pay of the underlying note quicker than the banks anticipate. This will salvage us thousands in financing and interest charges. We do not currently have any interesting in additional properties as this situation will undoubtedly require future planning and development to keep the theme fresh and popular with the tourists.Landscape architecture and stru ctural architectureAs for the design and layout of the building, an anticipated concept is located here. It will be a seaboard structure with the balconies facing both the lake as well as the entertainment center. both room will have a view of the activities below and the lake activities. The Roller Coaster and Ferris wheel will be placed directly adjacent to the boardwalk and the hotel as to not defray from the majestic view of the boardwalk. The first floor of the building however will be the shops and restaurants with patios jetting from them into the boardwalk for more of a seaside feel.The lower portion closer to the Lake will hold the Merry-Go- Round as well as additional seating for live entertainment, whether it be musical groups or live performing magicians and street performers. However from the top of the Ferris wheel, we are anticipating views clear out to the city lights of Las Vegas and to include the Strip.Interior design and decorationThe inner and dcor of the ho tel will accompany that of the theme, it will be of a oceanic feel with black and white portraits of classic carnival settings. Many of these carnival and boardwalk photos will be of the tourists home towns which will add to a wizard of realism and personalization. Light blue or yellow and whitewash scanty will be the main color scheme while allowing a sprinkle of color to pop where the exciting locations are to be showcased. The upcountry of the rooms will also be stylized to transport the node to a seaside location where fun relaxation and entertainment will be abundant.We plan to have several aquariums located throughout the proportion where different sea creatures can complete the full package. Some of the fish we plan on bringing in would be from the west coast and much will be from the East Coast and Gulf of Mexico, we whitethorn even bring in some sharks to place in a tank behind the lobby bar. This will be simply to add to any realism of seaside adventure.