Dream Hotel Group Signs Milestone Deal to Bring Iconic Dream Hotels Brand To Las Vegas, Nevada

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USA, New York City, New York. March 19, 2020

Celebrated hotel and brand management company Dream Hotel Group today announced plans to debut its flagship lifestyle brand Dream Hotels in Las Vegas with a free-standing 450-room luxury lifestyle hotel on the Las Vegas Strip in 2023. The signing of Dream Las Vegas with local developers Contour and Shopoff Realty Investments marks an exciting new chapter in the continued growth and expansion of the company and its namesake lifestyle brand Dream Hotels. Construction on Dream Las Vegas is expected to begin in early 2021.

"Today's announcement is a testament to the strength of our brands, setting the tone for what is sure to be another record year of strategic growth momentum for Dream Hotel Group," said Dream Hotel Group CEO Jay Stein. "Las Vegas is a destination much like the Dream Hotels brand, marked by a vibrancy, youthful energy, and dynamic arts and entertainment scene unlike any other. Together with innovative development partners Contour and Shopoff Realty Investments, it is our goal to create an experience-driven property that surpasses expectations, blending forward-thinking design, progressive programming and world-class hospitality with unmatched dining and nightlife; a one-stop, highly energized destination in the heart of Sin City."

Set to open in 2023, Dream Las Vegas will feature 450 chic and stylish, well-appointed guest rooms and suites, seven highly-activated dining and nightlife venues, including a rooftop pool deck, bar and lounge, three feature restaurants, two additional bar and lounge concepts on the gaming floor, and a grab-and-go café on the street level, as well as 12,000 square feet of private meeting and event space, a full-service spa, fitness center and on-site parking.

Global architectural firm DLR Group is the designer and executive architect working closely with national general contractor McCarthy Building Companies, Inc. on the project. The 21-story luxury hotel tower will feature a diverse mix of dramatic venues distributed vertically throughout the composition roof decks and terraces of the hotel design. The undulating contemporary design will feature a lustrous glass and metal façade, boasting stylistic details such as radiused corners, spacious double-height terraces, oversized windows and a unique aerodynamic character influenced by its context. When complete, Dream Las Vegas and its distinctly iconic architecture, will introduce a new and refreshing luxury lifestyle focused hotel and a, innovative and welcome addition to the Sin City skyline.

"There is no shortage of mega-resorts in Las Vegas, but there is a lack of boutique hotels that offer a more intimate curated experience," said David Daneshforooz, CEO of Contour and Las Vegas native. "A ground-up Dream hotel with its world-class food and beverage offerings was an obvious choice for a boutique execution on this site and will be a great addition to the Las Vegas Strip. It's a pleasure working with the folks at Dream Hotel Group; they are passionate about what they do, have an amazing vision for hospitality and F&B, and have a wonderful family-oriented culture. We are honored to be a part of bringing Dream Vegas to life."

"We are very pleased to be working with Dream Hotel Group to deliver their amazing product to the Las Vegas market," added Shopoff Realty Investments' President and CEO William Shopoff. "We look forward to creating an exciting and vibrant experience. This location won't just be close to the action -- it will be the heart of it, especially with the Raiders games within a few miles."

"It's an honor to bring this milestone partnership forward between Contour, Shopoff Realty Investments and Dream Hotel Group," said Judy Chen, Director of Development, Dream Hotel Group. "Las Vegas is one of the most exciting, entertainment-fueled cities in the world and the new addition of a free-standing, ground-up Dream Hotel located directly on the Las Vegas Strip will deliver an even bigger, bolder, brighter reason to visit Sin City."

Centrally located on famed Las Vegas Blvd., across the street from Mandalay Bay Resort and Bali Hai Golf Club, Dream Las Vegas will be one of the first hotel properties seen from the iconicWelcome to Las Vegas sign. Adjacent to the private aviation terminal at McCarran International Airport, two short blocks from the new Allegiant Stadium (future home of the NFL Las Vegas Raiders), and nearby T-Mobile Arena (home to the NHL Vegas Golden Knights and countless entertainment events, including the Country Music Awards, Billboard Music Awards, iHeartRadio Music Festival and Strait to Vegas, a concert residency by country music star George Strait), Dream Las Vegas is well-situated to capitalize on the southward compression of the new Las Vegas developments, as well as the numerous hotels and casinos along S. Las Vegas Blvd., catering to local residents and hotel guests alike.

The news follows that of the recent signings of Dream San Antonio, Dream Memphis, The Bight by Dream Hotel Group in Turks and Caicos, and Emma & Elissa by Dream Hotel Group in Playa del Carmen, Mexico.

With 16 hotels open today and another 20+ locations in various stages of development worldwide, Dream Hotel Group remains one of the fastest growing independent lifestyle hotel companies in the world.