ManhattanWest units come with:
The recent start of a $95 million expansion project at the South Point Hotel
and Casino is a true indicator of the continuing growth on the south end of the
Strip. As the demand for more hotel rooms and convention space in that area
increases, so will the property values of surrounding businesses and
FACT #1- The South Point project includes a new 25–story, 830 – room hotel tower and the addition of 10,000 square feet of conference space.
Overwhelming demand has made it difficult for the South Point to meet the requests it has for convention space. The hotel recently turned away a convention with a request of 1,600 hotel rooms because they only had 1,350 rooms in inventory and 150,000 of convention space. More conventions means more business for area shops and services, which leads to increased demand for new housing.
FACT #2- Occupancy rates at the South Point reach 90% during the week and nearly 100% on the weekends.
The South Point has been experiencing an overflow of people from conventions at other properties. This overflow reflects a trend as convention and meeting planners search outside Downtown and the Strip for additional hotel rooms and convention space. The South Strip has become an ideal place due to its proximity to the Strip and airport, and its recent growth in services and amenities
FACT #3- The new project will include the addition of two new restaurants and
three new bars.
. As hotels such as the South Point continue to grow, the level of services available to local residents will grow as well, making the area even more desirable.
FACT #4- A new exit from Interstate 15 to the South Strip will be complete by the end of September.Reaching the South Strip area will soon be easier with the completion of an exit onto Silverado Ranch Boulevard, which includes an overpass from the west side of Interstate 15.
The expansion of the South Point is just the beginning. Other developers will follow the demand for growth in the area and will increase their building in the area as demand continues to increase. The need for additional rooms, space, and services will tend to drive up the value of all properties on the South Strip
For more information on this project: Las Vegas Real Estate