Tuesday, April 8, 2008 | 11:35 a.m.
The world’s largest time-share company plans to build a fifth Las Vegas property near the Rio, the company has announced.
Wyndham Vacation Ownership plans the 19-story Wyndham Desert Blue on West Twain Avenue at Dean Martin Drive, near Interstate 15.
The project was announced today in conjunction with this week’s American Resort Development Association conference in Las Vegas.
Wyndham plans a multiphase development with the first phase of 281 condominium-style units expected to be completed by early 2010.
“Our Las Vegas operations have continued to experience tremendous growth since our arrival in 2000,” Franz Hanning, president and chief executive of Wyndham Vacation Ownership, said in a statement.
“To date, we’ve sold nearly $1 billion worth of product in this market alone," the statement said. "We are committed to expanding our presence in this larger-than-life city and, once complete, Desert Blue will be one of the most in-demand properties in our portfolio.”
Wyndham’s newest Las Vegas project is on 14.75 acres and will include a range of one-, two- and three-bedroom suites, including the 50 of the company’s signature Presidential suites.
The property also will include a pool, recreation room, computer library, game room and fitness center.
Future expansion would occur over three phases, Hanning said in an interview, but it hasn’t been determined how many additional units would be added or when. Hanning said the company could build up to 2,000 units there.
With the addition of the Desert Blue, Wyndham would have about 2,400 time-share units in the Las Vegas market. The company already operates the Wyndham Grand Desert, which is affiliated with the company’s FairShare Plus by Wyndham portfolio; the WorldMark Las Vegas; and the WorldMark Las Vegas Spencer Street.
The WorldMark Las Vegas Tropicana will open later this month.
The Desert Blue will be the ninth FairShare Plus property in the Wyndham system. In February, the company opened a property in Palm Springs, Calif. Others in the system include resorts in Puerto Rico; St. Thomas, U.S. Virgin Islands; Costa Mesa, Calif.; Atlanta; Galveston, Texas; and Miami.
The company has five sales centers in Las Vegas and 1,800 people are employed by the company in Southern Nevada.
Wyndham Vacation Ownership, based in Orlando, Fla., is a division of Wyndham Worldwide, Parsippany, N.J.