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Putting the NO in casiNO - The Signature at MGM Grand |
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Putting the NO in casiNO – Just (a few hundred) steps from a bustling Las Vegas casino floor guests find a hotel with NO gaming, NO smoking, NO Noise and NO Lines. Is this Vegas’ Future?
Minutes from the tumultuous casino scene at the mammoth MGM Grand on the Sunset strip – after a two-minute walk/ride along a people mover – a visitor arrives at what seems to be a different world entirely. And that’s the way it was designed to be.
- The message from the beginning has been: Near the craziness of Las Vegas, but an enclave. No lines at the front desk or for a taxi, no noise, no smoking.
The Signature at MGM Grand is a condo-hotel featuring three identical
(except for very different lobbies as far as décor and design) 38-story
towers consisting of 576 fully furnished units each. The units are
privately owned but available via a rental program. The idea,
according to GM Frederic Luvisutto, was to create an exclusive,
personalized, high-end retreat with easy access to the casino and
entertainment at MGM Grand. In an interview with Luvisutto at a QUIET
and quite civilized bar in one of the Signature towers, he talked about
how well The Signature concept has worked.
- Signature is not alone, but there is, according to
Luvisutto, “no direct competition yet.” There are similar concepts at
Mandalay Bay where The Hotel is a hotel within the hotel, as is the
Four Seasons – but they are not physically separate from the hotel.
Others will be following soon, including a non-casino Trump hotel which
Luvisutto believes may have challenges because it is not attached to a
casino.
While Mandarin Oriental and other luxury hotels are coming to Las
Vegas, Luvisutto welcomes them because “they will all be part of
transforming the image of Las Vegas into a high end one. That is where
Las Vegas is going,” he said; “when a visitor is spending $150 a person
in a restaurant, you have to revise your idea of where they are going
to stay.”
- While The Signature misses out on two major Las Vegas markets –
those whose priority is to be near a casino and convention delegates
(meeting space is limited), the properties have run strong occupancies
at solid rates since opening. Even with a soft economy, bookings are
strong for the second quarter – with Los Angeles, Texas and New York the
biggest market.
- In January, readers of Trip Advisor, the top consumer review
Website, voted The Signature the Number 1 luxury hotel in the country.
Harvey Chipkin
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