Station Casinos, a subsidiary of Red Rock Resorts and flagship hotel and casino company based in the Las Vegas suburb, Summerlin South, Nevada, has publicly announced its intention to double its presence in Southern Nevada with the construction of a new resort at Station Casinos land on the valley’s southern edge in Henderson.
Layout of the proposed hotel & casino:
The proposed hotel-casino by Station will be located in Henderson’s Inspirada community and will feature a 600-room hotel, an 80,000-square-foot casino and 30,000 square-feet of meeting space.
In addition, restaurants, a bowling alley and a movie theater will be included.
In a letter to Henderson Council, Scott Kreeger, president of Red Rock Resorts, said: “The project would provide a similar customer experience as two other station properties Red Rock Resorts in Summerlin and Green Valley Ranch Resort in Henderson.”
The company will begin construction of the resort in January 2024 and the project will have three phases.
Purchase of a site for a proposed project:
The letter to Henderson council was part of the Station’s bid to buy the city-owned parcel next to its 45-acre casino site.
Henderson council approved Station’s $1.75 million bid for the 3.76-acre property in early October.
On Tuesday, December 13, the Council will have a meeting where the purchase agreement and instructions for escrow of the transaction will be drawn up.
On the other hand, the main objective of the purchase is Station’s intention to double its presence in Southern Nevada.
Relatedly, it is building the $750 million Durango resort in the southwest valley and company officials said: “Station is working on plans for other large parcels in Southern Nevada that we own, with the goal of doubling the company’s portfolio by 2030.”
Owner of most lots in Nevada:
Station bought 67-acres in North Las Vegas for $55 million just this month, after receiving key regulatory approvals for the 600-room hotel project.
However, Station had bought a lot of land in Nevada much before. For example, it bought the Durango location more than 20 years ago, and documents show it bought the Inspirada site in 2007.
In this regard, Mr Kreeger said: “After Durango opens, the company will consider economic conditions and demographics when deciding which project to buy next.
“So whether it’s Inspirada first and Skye Canyon in the upper northwest valley second, or whether we decide to do it simultaneously, there’s a lot of factors…that could go into that formula. But the good news is we’re positioning ourselves to have optionality and flexibility and be ready to do that as soon as Durango comes online.”
On a related note, Henderson City Council will also meet on Tuesday, December 13, to decide if the city wants to purchase the 35-acre former Fiesta Henderson site from Station for $32 million.
Although, the hotel was demolished, the Fiesta garage was left intact by order of the city and the city authorities plan to build an indoor recreational sports facility at that location.