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Trump Luxury Condotel Opens for Business

LAS VEGAS-Room rates for the $500-million, 1,282-room resort start at $349 per night. The Donald is expected to attend an opening celebration next week.

By Brian K. Miller | Updated on March 31, 2008

LAS VEGAS-The Trump International Hotel & Tower opened for business Monday, one week ahead of a planned opening celebration that will reportedly include The Donald. Room rates for the $1.2-billion, 1,282-room resort start at $349 per night and run as high as $5,000 per night, and you can’t get a complimentary room by being a big gambler; there is no casino here.

Located just off the Strip on Fashion Show Drive, behind the former New Frontier site, the 64-story, gold-skinned building joins the Trump International in New York City and Trump International in Chicago. The grand opening celebration is scheduled for April 11. Donald Trump is expected to participate, though it’s unclear if he will show up in-person. His partner in the project is the former owner of the New Frontier property, Phil Ruffin.

The unit mix includes 880 studio units, 352 one-bedroom suites and, on the top five floors, 50 one-, two and three-bedroom penthouse suites. Unit sizes range from 515- to 3,500 sf. The purchase price for a studio starts at $700,000 and $2.2 million for a penthouse. Approximately 95% of the rooms have been sold to owners who may put the unit back into the hotel rental pool in order to offset costs.

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