Fontainebleau Las Vegas

 hotel, casino, resort

Construction on the Fontainebleau Las Vegas began in 2007, a $2.9 billion, 3,812-room, 63-story hotel/condo-hotel/casino project on the north end of the Las Vegas strip on the 24.5 acre site previously occupied by the El Rancho and Algiers hotels.

The project was intended to include: a 95,000-square-foot (8,800 m²) casino, a 60,000-square-foot (5,600 m²) spa, 3,300-seat performing arts theater, 1,018 condo-hotel units, 180,000 square feet (17,000 m²) of retail space, 400,000 square feet (37,000 m²) of indoor and outdoor conference space, nightclubs, and 24 restaurants and lounges.

The incomplete complex filed for bankruptcy and halted construction in 2009. It was auctioned to Carl Icahn in 2010 for $150 million, less than the land alone had originally cost. The property was sold again in 2017 and the new owners renamed it The Drew. It was set to open in 2022, as a 4000-room hotel, managed by Marriott, with both an EDITION and a JW Marriott Hotel within the immense tower. However, construction was again halted by the COVID-19 pandemic, and the still-incomplete project was bought back by Fontainebleau and Koch Industries in 2021. It finally opened in December 2023.

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