Tag: FontainebleauView All Tags
If you ever wondered what the Fontaine-Bust had planned to razzle dazzle us with a night, you're about to find out.
Being billed as a "fantastical blend of carnival and spectacle," ABSINTHE will take place under a big tent in Caesars' Roman Plaza. You may know it better as that usually empty expanse of cement over by Serendipity 3. And, for VegasChatter fans in NYC or Miami, yes, it's that ABSINTHE. For those who aren't familiar, here's a description from reps:
"Audiences will be treated to a night of imagination and excess with performances that will amaze and inspire. The cast of eccentrics will evoke thrills and chills as they perform amazing feats of virtuosity within mere feet of the audience surrounding the intimate stage. ABSINTHE takes audience members back to a place where the raw energy, talent and sensuality of performers from around the world tempt every sense imaginable."
The Fontainebleau Las Vegas in December 2009.
Those dreams of having iMacs in our Vegas hotel room at the Fontainebleau Las Vegas have officially been crushed. The long-stalled project in Vegas, which we've long dubbed "The Fontaine-bust", is now holding a fire sale, according to the New York Post.
All furniture that was bought for the hotel, on which construction was stopped when it was 70 percent complete, is now up for grabs. That includes "beds, dressers, TVs and other furnishings"--iMacs perhaps?
Fontainebleau / Hotels / Carl Icahn / Vegas Business / Fontaine-Bust / Hotel Construction / → All Tags
Finally some good news for The Fontainebleau, the half-finished resort next to Encore that has been struggling to find new financing. It turns out billionaire investor Carl Icahn is the winning bidder for the property, which developer Jeffrey Soffer drove into bankruptcy last year.
Yet, don't expect the hotel to open any time soon. The WSJ reports:
Mr. Icahn said in an interview that he hasn't determined whether or not he will slowly gear up to restart construction on the Fontainebleau, or keep it mothballed for some time. People familiar with the project say even that would be costly. They estimate that heating, cooling, security and taxes would run about $1.5 million to $2 million a month on the property Mr. Icahn said he doesn't believe he will be able to raise much financing for construction. His firm could finance the construction itself if it wanted to, he said.
Hotels / Fontainebleau / Fontaine-Bust / Fires / Survival Strategies / Tips / → All Tags
We hate to be a Debbie Downer but fires happen all the time in Las Vegas on the Strip. Most are small and rarely put anyone in danger. But some are big, like The Monte Carlo's fire in early 2008 and the tragic MGM Grand and Bally's fires in the 1980s.
For guests staying in these massive hotels with 1,000+ rooms, knowing your emergency escape route is important. Yet you'll also be glad to hear that the Las Vegas Fire Department is getting some extra training in the skeleton of the unfinished Fontainebleau Hotel, just south of Encore.
The Las Vegas Sun reports that new training drills are being conducted for the entire fire department inside the hotel with a full-scale simulated fire planned for November.
The last time this site checked in with the seemingly doomed Fontainebleau Las Vegas, they were filing for bankruptcy protection, and their CEO got the hell out of dodge, suing their former lenders for not staying the course...instead of staying the course. Even worse, the claim in court became even more clear (or convoluted, depending on how you see it): owner Jeffrey Soffer was suing his own project to essentially try to skirt the creditors' liens on his own project. Well, now we've got a new tip, and it appears it's only going to be worse.
The Fontainbleau, June 28, 2009.
There’s not much to tell as far as when or if the embattled Fontainebleau Las Vegas will ever open its doors. After all, in the last month or so, corporate employees have been laid off, its CEO flew the coop and it filed for bankruptcy protection. Call it Fontaine-bust instead.
Next week could bring some good news for the remaining Fontainebleau folks, however. That’s when they’re hoping to get a court date set for their lawsuit against their former lenders. Seems they (the lenders) nixed hundreds of millions of dollars in financing and, essentially, forced Fontainebleau into bankruptcy which pulled the plug on the resort’s progress.
There’s a bunch of legal mumbo jumbo for the lawyers on both sides to toss back and forth in the meantime, and there’s no saying the Florida judge who’s presiding over this kerfuffle will actually set the court date next week or sometime thereafter.
But we certainly have every reason to hope the matter gets resolved in Fontainebleau’s favor. It’s depressing to think that massive, multi-billion-dollar tower is just sitting there, vacant – especially when it stands to be such a showplace when it’s done. We’re keeping our fingers crossed and knocking wood for you, Fontainebleau. Courage.
The Fontainbleau Las Vegas looks a little more finished than this. But not much. For a more recent pic, go here.
After much back and forthing, the Fontainebleau Las Vegas has officially crapped out, with its owners filing for bankruptcy yesterday. Aside from depriving Vegas visitors of iMacs in their hotel rooms, the project's collapse will put thousands of people out of work. And it's not even all the way finished yet. According to a news report:
The company said in a news release that the decision to file Chapter 11 was the direct result of litigation with lenders on the Las Vegas hotel construction project that had to do with contractual disputes related to nearly $800 million in construction funding for the $2.9 billion resort-casino project, which is 70 percent complete.
Um...so now what? They can't just let it sit there unfinished, can they? We really hope the owners can secure some new financing soon. Until then, don't plan on making a reservation here next year.
[Photo: Nick Barlow]
Just when CityCenter got out of the woods of tough financing, it looks like the The Fontainebleau Las Vegas is the next one to go down. Yesterday the hotel's developers sued a group of major banks for canceling a crucial round of funding.
The lawsuit, which was first reported by the WSJ, deals with a lot of numbers about financing but the bottom line is that the Fontainebleau is going to need a major injection of cash if it wants to open in 2009 or even early 2010.
Additionally, stopping the project will put about 3,300 construction workers out of work as well as prevent nearly 6,000 hotel and casino jobs from being fulfilled. And forget about watching the giant LED-type display on the side of the building or accessing in the in-room iMacs.
However, we're still holding out for a hero here. The Fontainebleau has already lined up some amazing tables from great chefs and has plans for nearly nine bars and clubs, a Lapis Spa and an "avant-garde theatre production." It sounds almost like The Palms but classier. So we really want someone to save it.
[Photo: Nick Barlow]
With its sheer size already capturing Las Vegas’ attention, the Fontainebleau Las Vegas is nearing completion of the glass-encasing phase of its tower construction.
The big, blue behemoth – sister to the historic Miami Beach Fontainebleau – sits just north of the Wynn/Encore campus, making it the newest development on that end of the Strip in about 50 years.