Las Vegas is home to some of the most expensive and lavish hotel-casinos in the world. If you’re wondering which Sin City hotel claimed the title of most expensive to construct, you’ve come to the right place.
Here’s a quick answer: The Cosmopolitan of Las Vegas cost a whopping $4.1 billion to build, making it the most expensive hotel ever built in Las Vegas.
In this comprehensive guide, we’ll take a look at what makes some Vegas hotels so costly to develop. We’ll overview the top 5 most expensive hotels to build in Las Vegas, focusing on their price tags and most expensive features and amenities.
We’ll also dive deeper into The Cosmopolitan, exploring why it tops the list as Vegas’ most expensive hotel.
The Top 5 Most Expensive Hotels Ever Built in Las Vegas
The Cosmopolitan of Las Vegas – $4.1 billion
The Cosmopolitan of Las Vegas is renowned for its luxurious accommodations and vibrant atmosphere. With a price tag of $4.1 billion, it is one of the most expensive hotels ever built in Las Vegas.
The hotel features over 3,000 rooms, a variety of dining options, and a state-of-the-art casino. Its unique design and modern amenities make it a popular choice among visitors.
Wynn Las Vegas – $3.26 billion
Coming in at a close second is Wynn Las Vegas, which cost an estimated $3.26 billion to build.
This iconic resort is known for its luxurious rooms, world-class casino, and beautiful art collection. The property also features a variety of high-end shops and restaurants.
Bellagio Hotel – $2.3 billion USD
The Bellagio is another Las Vegas landmark, and for good reason. This opulent resort, famous for its elaborate water fountains, cost an estimated $2.3 billion to build.
The Bellagio offers a variety of luxurious rooms and suites, as well as a world-class casino, fine dining restaurants, and a beautiful spa.
The Palazzo – $2.05 billion USD
The Palazzo is the sister property to the Venetian Resort Hotel Casino and is known for its luxurious accommodations and Italian-inspired theme.
This opulent resort cost an estimated $2.05 billion to build and features spacious suites, a variety of restaurants, and a world-class spa.
MGM Grand – $1.62 billion USD
The MGM Grand is one of the largest hotels in the United States, and it’s no surprise that it cost a hefty sum to build.
This massive resort, known for its entertainment options and large casino, cost an estimated $1.62 billion to build. The MGM Grand offers a variety of rooms and suites to choose from, as well as a wide variety of restaurants, shops, and nightclubs.
It’s important to note that these figures are estimates, and the exact construction costs for these hotels may not be publicly available.
However, there’s no doubt that these Las Vegas resorts are among the most expensive ever built, and they offer an unforgettable experience for guests who can afford their luxurious accommodations.
These top 5 most expensive hotels in Las Vegas showcase the city’s commitment to luxury and extravagance. Each hotel offers a unique experience, from modern design to Italian-inspired elegance. Whether you’re looking for a high-stakes casino adventure or a relaxing getaway, these hotels are sure to impress.
A Closer Look at the #1 Most Expensive: The Cosmopolitan of Las Vegas
Opening date
The Cosmopolitan of Las Vegas, also known as The Cosmo, opened its doors to the public on December 15, 2010.
It is a luxury resort and casino located on the famous Las Vegas Strip. Since its opening, it has become one of the most iconic and sought-after destinations in the city.
Location and description
The Cosmopolitan of Las Vegas is situated on a prime location at 3708 Las Vegas Boulevard South. Its architectural design is distinctive, with a modern and glamorous aesthetic.
The hotel boasts 3,027 rooms, each beautifully designed with contemporary furnishings and stunning views of the Las Vegas skyline. The property spans over 8.7 acres, offering a wide range of entertainment options for its guests.
Most expensive construction elements
The construction cost of The Cosmopolitan of Las Vegas was estimated to be around $3.9 billion, making it one of the most expensive hotels ever built. The high price tag can be attributed to several factors, including the use of premium materials, cutting-edge technology, and intricate design details.
The hotel features a unique and elaborate chandelier bar, which is made up of more than two million crystals and was a significant investment in itself.
Additionally, the incorporation of advanced sustainability features, such as energy-efficient systems and water-saving measures, contributed to the overall cost of construction. The developers of The Cosmopolitan spared no expense in creating a luxurious and environmentally conscious property.
Lavish amenities worth the cost
The Cosmopolitan of Las Vegas offers a wide array of lavish amenities that justify its high construction cost. The hotel features a state-of-the-art casino, multiple world-class restaurants, and an exclusive spa and wellness center.
Guests can also enjoy the vibrant nightlife at popular venues like Marquee Nightclub and Dayclub.
One of the standout features of The Cosmopolitan is its rooftop pool deck, which offers breathtaking views of the Las Vegas Strip. The pool area is adorned with luxurious cabanas, loungers, and a vibrant atmosphere, making it the perfect place to relax and soak up the sun.
Factors That Drive Up Construction Costs of Vegas Hotels
Vegas is known for its extravagant and opulent hotels that seem to defy the laws of gravity and possibility. However, behind these architectural marvels lies a hefty price tag.
Several factors contribute to the high construction costs of Vegas hotels, making them some of the most expensive to build in the world.
Prime locations on the Strip
One of the primary factors that drive up construction costs is the prime locations on the Strip. Hotels situated in these highly sought-after areas command a premium price.
Due to limited space and high demand, developers have to pay top dollar to secure a spot. This can significantly impact the overall budget of the project.
Luxurious materials and finishes
Vegas hotels are known for their lavish and luxurious interiors. From marble floors to crystal chandeliers, no expense is spared when it comes to the materials and finishes used.
These high-end materials not only add to the overall aesthetic appeal but also contribute to the soaring construction costs.
Cutting-edge technology
Vegas is synonymous with innovation and cutting-edge technology. Hotels in this city strive to offer the latest advancements to provide guests with a truly immersive experience.
Incorporating state-of-the-art technology into the design and construction of these hotels comes with a hefty price tag.
Grand scales and large footprints
Vegas is all about grandeur and excess, and this is reflected in the size and scale of its hotels. From towering skyscrapers to sprawling complexes, Vegas hotels are often massive in both height and footprint.
Constructing such large structures requires extensive planning, engineering, and resources, all of which contribute to the high construction costs.
High-end casinos
No Vegas hotel is complete without a world-class casino. These casinos are not only entertainment hubs but also revenue generators.
Building and outfitting these casinos with the latest gaming equipment and technologies can significantly add to the overall construction costs.
Entertainment and attractions
Aside from the casinos, Vegas hotels are also known for their extravagant entertainment offerings and attractions.
From theaters to concert halls, these additional features require specialized construction and state-of-the-art equipment. Incorporating these entertainment elements further drives up the construction costs.
Conclusion
The Cosmopolitan’s $3.9 billion price tag makes it the most expensive hotel ever constructed in Las Vegas.
Its swanky facilities, prime Strip location, and lavish details like the multimillion-dollar chandelier bar justify its world-record budget.
While many Las Vegas hotels carry billion-dollar price tags, The Cosmopolitan stands in a league of its own as the city’s most costly hotel.
