Summary of Findings: Hotel
of Findings: Hotel Statistics
from the appraiser's report
following pages set forth a summary of existing “Strip”
hotel facilities, including the number of sleeping rooms
in each facility, the number of suites in each facility,
the meeting or banquet capacity, the approximate size of
the meeting and banquet facilities, inner-hotel facility
ratios, room rate comparison, a map showing the location
of each acility and.a photograph of each of the competing
facilities range in size from approximately 230 rooms to
approximately 2,108 rooms. It may be noted that of the hotel
facilities on the “Strip”, there are only five currently
having 1,000 rooms or more. When the expansion program to
Caesars Palace is complete, it will be the fifth hotel on
the “Strip’ having 1,000 rooms or more. The general trend
of development on the “Strip” has been for the larger facilities.
This allows management greater leeway in obtaining top entertainment
for attractions and in supplying advertising and promotion
in building business.
sq. ft. of meeting space, the available capacity to available
space, and the available banquet capacity to available space
of competing hotels on the Las Vegas “Strip” are illustrated
on the following chart entitled “Inner-hotel Ratios”. Subject appears to be in a competitive-ppsition.
reader is referred to the following charts showing the summary
of existing “Strip” hotel facilities, inner-hotel ratios,
and room rate comparison chart for a visual observation
of existing comparative facilities on the “Strip”. Following
the room rate comparison chart are photographs of each of
the existing facilities on the “Strip”.
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Last modified Wednesday, 02-Dec-2009 11:35:36 PST