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Ever wait for a *new* room to become and *old* room?

Discussion in 'Misc. Vegas Chat' started by sco5123, Oct 14, 2012.

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  1. sco5123

    sco5123 VIP Whale

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    At some point, places like Riviera and Flamingo had "glory days"; they were once the golden standard. These properties are certainly alright but they are not in competition with Bellagio, for example. Inflation considered, I believe their rates are now relatively low or have the possibility to be heavily discounted in ways Bellagio may never for a few decades.

    When new rooms come out, they charge high rates that get higher until they plateau. After demand drops, which can take months or decades for some properties, rates drop significantly and rooms become heavily discounted. Have you ever waited for a new room on the strip (or anywhere) to get a little older in order to get lower rates?
     
    Last edited: Oct 14, 2012
  2. PopMegaphone

    PopMegaphone VIP Whale

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    I'm still waiting for The Cosmopolitan package deal prices to drop. Until then I'm content staying at Aria or Vdara.
     
  3. sco5123

    sco5123 VIP Whale

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    Yeah! I adore Cosmo--beautiful property. I look forward to Wynn/Encore becoming the Rivieras of the Strip personally. I may have to wait decades lol.

    Interestingly enough, I tend to wait for every new thing to get older. I place more value on something that is older...for some unknown reason. Cost is part of the reason but nostalgia/memories can sometimes be more beautiful than the actual reality. lol
     
  4. shifter

    shifter Degenerate Gambler

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    only poorly managed properties ever become something like Rivera. Bellagio, Wynncore, etc will never become like that because they renovate the place when it starts to get old. both of those places have already gone through at least one full scale reno even though they've only been open for a few years. that's what good properties do. even MGM has now done a full scale reno and is once again one of the top places to stay on the strip. Flamingo/IP/Riv/etc are just places have been left to die and are worthless.
     
  5. sco5123

    sco5123 VIP Whale

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    Well, casinos of the future are sure to be considered "better" than Bellagio or Wynn simply because standards will change. The owners today may not own it forever.
     
  6. Tbone3336

    Tbone3336 VIP Whale

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    I think the property closes to what you are describing is the Mirage. While it has been renovated and still holding up after 24 years, I believe it seems to be on the lower end of top tier properties, after opening at the level of the Bellagio and Wynn when it was opened, and if the rumors are true is probably the one MGM property that is closest to being sold if the deal came through. So you are correct in that properties do end up being sold, and with MGM more than likely having to sell some assets eventually, you could see that scenario where Mirage, maybe doesn't fall to the level of IP or Riviera, but no where near a top end property, if it is even their now.
     
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