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Lucky Dragon Hotel has Reopened (Sort of...)

Discussion in 'Off-Strip Hotels' started by mikel123, Feb 7, 2020.

  1. mikel123

    mikel123 High-Roller

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    Planet Hollywood
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  2. vegasdev

    vegasdev VIP Whale

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    Boring
     
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  3. dmr

    dmr Registered Abuser

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    Closure in 5 ... 4 ... 3 ...
     
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  4. 3544quebec

    3544quebec High-Roller

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    What's this 5 ... 4 ... 3 …??? I need closure :grrr:
     
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  5. GeorgeJ.

    GeorgeJ. High-Roller

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    I drove by several times last week while in Vegas and saw no hotel sign in front...just the empty Lucky Dragon buildings...so that sign on the street is apparently the only signage now that it is supposedly open..
     
  6. dmr

    dmr Registered Abuser

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    I was being somewhat catty in saying that it will not remain open very long. :)
     
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  7. Jimbucc

    Jimbucc VIP Whale

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    No casino, No likey.
     
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  8. AllenAndRossi

    AllenAndRossi High-Roller

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    "Ahern Hotel, which still has the Lucky Dragon’s red exterior but features new signage outside, opened a few months ago and has already sold “thousands” of room nights, owner Don Ahern told the Las Vegas Review-Journal at his now-namesake property Thursday."

    According to their website, they don't open until July 4th.
     
  9. dmr

    dmr Registered Abuser

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    So?

    Which will open first?

    A. Ahern Hotel (LD v.2.0)
    B. Resorts World
    C. None of the above
     
  10. Vegas Todd

    Vegas Todd Currently on Double, Triple Secret Probation...

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  11. C0usineddie

    C0usineddie VIP Whale

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    Vegas thought they could draw in millions of asian dollars. They were wrong.

    Why would they fly all the way here when macau is right there? The answer is, they wont. Now, they cant.
     
  12. vegasvstr

    vegasvstr Low-Roller

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    Was expecting a catchier name, but I guess it worked for Wynn.
    I hope they put in a real pool instead of the silly reflection type pool the Dragon had.
    They need an online booking system ASAP and to get onto the various booking sites like Priceline, etc.
     
  13. GeorgeJ.

    GeorgeJ. High-Roller

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    This is a bunch of crap...when I drove by last week they didn't even have a sign up that I saw...where would they be getting these "thousands of room nights" from? I don't even find an Ahern Hotel website...where would anyone by booking rooms at? The entrance and exit to the parking garage were blocked off. If Ahern is "open", no one knows about it..When was it that this "opening" happened?
    This report from the other day says they are "open"...wishful thinking? https://www.fox5vegas.com/news/new-hotel-opens-at-old-lucky-dragon-site/article_7ca301b6-4a1a-11ea-b8a7-4f6a0f1a4eb6.html
    And why would anyone pay $36 million for a tiny hotel and then not want to reopen the casino? (And redecorate the rooms when they were only a couple years old?)
     
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  14. joespoolhall

    joespoolhall High-Roller

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    I'm sure the town can always use a few more rooms, but I don't see anything in this article that would compel anyone to stay there. I originally read this the day it was published and just went back to reread it, thinking I missed something. Not once did he mention what he has done to the property to enhance it other than removing some items. There's no mention of what the rooms offer, restaurant styles or even the type of market he's after. Sounds like he has a firm plan to go after some kind of customer, sometime, offering something or other!
     
  15. GeorgeJ.

    GeorgeJ. High-Roller

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    I really don't think this guy is serious about running a hotel...according to this "That property is now “Ahern Hotel and Convention Center.” It opened last fall, but visitors will not see it listed on any hotel booking sites." How are you supposed to book a room? I can't find an Ahern Hotel website at all..

    The former Lucky Dragon website forwards to Ahern Rentals (not rentals as in hotel rooms, but equipment rentals...)

    It's supposed to be a tax-loss for the Ahern Rentals business?

    If it opened last fall, why was there no sign when I drove by last week, and the parking garage blocked off?
     
  16. bigalbr

    bigalbr VIP Whale

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    That seems like a really bad location to get high room rates from a non-casino hotel. I don't understand how you can make it in Vegas as a Strip hotel that doesn't have a casino.
     
  17. dmr

    dmr Registered Abuser

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    There are many non-casino near-strip business hotels that are doing just fine. Most are affiliated with one of the "usual suspect" major hotel chains. The thing is, the LD 2.0 just doesn't seem to have anything working in its favor, period.
     
  18. LB9

    LB9 PH Blackjack Degen

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    What a waste. I bet this hotel will have as much luck in Vegas as it would in Bangor, Maine.
     
    Ballys May 29 - Jun 1
  19. mikel123

    mikel123 High-Roller

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    That RJ article says they are already open, but they are not on any third party sites that I can see. A search will show a couple of conferences booked there I saw one in May. Figure if each of those attendees has a room for 3 nights, they would already put them in the “thousands of room nights booked.” It really seems dumb on their part though to not even offer a small casino though.
     
    Planet Hollywood
  20. azlefty

    azlefty VIP Whale

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    I wouldn't assume that operating a casino is necessarily a wise business decision. It's very labor intensive 24/7/365 no matter how busy things are. Not to mention the volatility, cost of comps etc.
    It seems much more straightforward to make a business case for a hotel, since room rates and occupancy rates can be estimated. And room rates have been really high lately. He got a hotel for about 30 cents on the dollar at an estate sale and probably recognized an opportunity to cover his interest payments until more stuff is developed on the north strip in 10 years or so, at which point he can sell it to a casino operator