Starwood Hotels & Resorts announced that they would be acquiring the SLS Las Vegas property, which used to be part of Hilton’s Curio collection. As part of the acquisition by Starwood, the property will be split up into two hotels, one being SLS Las Vegas, a Tribute Portfolio Resort and the other will be the W Las Vegas.
Per Starwood Hotels & Resorts,
“Starwood Hotels & Resorts Worldwide, Inc.announced its single largest addition of hotel rooms in North America since pre-recession with the signing of SLS Las Vegas on the world-famous Las Vegas Strip and Sahara Boulevard. Owned by Las Vegas Resort Holdings, LLC, the three distinct hotel towers, encompassing more than 1,600 guestrooms and suites, will be branded by the end of this year under Starwood’s recently launched Tribute Portfolio, while the 289-room “LUX Tower†will be converted to a W Hotel upon completion of a renovation in 2016. The W Las Vegas conversion will include the addition of a W Living Room (the W brand’s take on the traditional hotel lobby), a dedicated entrance for W guests, nearly 14,500 square feet of new W-branded meeting and event space, signature Away Spa, FIT state-of-the-art fitness center, and an exclusive outdoor WET pool deck and bar. The other two hotel towers, comprising 1,324 rooms, will be operated as SLS Las Vegas, a Tribute Portfolio Resort.
“SLS Las Vegas, with some 1600 rooms, is a milestone addition to Starwood, growing our total footprint worldwide by nearly half a percent with a single signing,†said Adam Aron, Chief Executive Officer of Starwood Hotels & Resorts on an interim basis. “This is a perfect example of what Tribute Portfolio was designed to do—bring the power of Starwood to great independent hotels, while giving our Starwood Preferred Guest members and global guests more access to sought after destinations around the world. It also allows us to debut our iconic W brand on the world famous Las Vegas Strip, an incomparable stage for the dynamic energy and vibrant scene of W Hotels.—
Bottom Line
I think this is a great enhancement to the Starwood portfolio and I know SPG members will be pleased with these new hotels. Starwood has longed for a W Hotel in Las Vegas, so they are finally getting it and as they grow out their Tribute Portfolio, the SLS would be a great addition.
It’s interesting however that the the SLS Beverly Hills falls under the Luxury Collection brand, whereas the SLS Las Vegas will be part of the Tribute Portfolio. I wonder if the Beverly Hills would ever move to become part of the Tribute Portfolio.
With these two new hotels in Las Vegas, they’ll join Starwood’s existing four properties which include The Westin Las Vegas Hotel, Casino & Spa, The Westin Lake Las Vegas Resort & Spa, Four Points by Sheraton Las Vegas East Flamingo, and Element Las Vegas Summerlin.
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nice add for SPG. The slight downside is that SLS is reaaaaaaally far from the center strip area (in terms of walking) and feels somewhat isolated.
Meh.. I’m not too happy about this acquisition. I think that it is great the SPG wants to get into the Vegas market, however, I am not a fan of this property. I stayed here last year and while I was somewhat impressed with the renovation it still has major issues. First, the SLS is very (and I mean very) far away from the center of the strip. The area around the hotel is not ideal. Second, the rooms are tiny and not on the same level as the big hotels. They did a great job with the renovation project, but the rooms are too small and lack basic Vegas amenities (such as an awesome bathtub and lux bathroom). Third, the service has is not amazing.
I hope that they can make it work and maybe in 10-15 years the “gap” between SLS and the center strip will be filled in, but until then I’m continue to stay at in the heat of the action.
It will be overpriced