Word: hotels
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Dates: during 1990-1999
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...chance, I was an overnight guest at the Bellagio the week Steve Wynn's $1.6 billion Las Vegas hotel with the $300 million art collection opened, and I have one question that was left unanswered even by the extensive coverage in TIME: Why didn't Wynn spend more of the $300 million on the art in my room? After careful inspection of all the pictures on the walls of our standard double, my wife and I arrived at a ballpark estimate...
What brings out what the psychologists call pricing behavior even in my wife is the Las Vegas custom of emphasizing how much any new hotel costs--a custom I think of as conspicuous capitalization. If a hotel boasts about costing $1.6 billion, it's no wonder that my wife--who, like many people of royal birth brought up in middle-class American families through mix-ups at the hospital, prefers down pillows--might be inclined to bounce her fist off a hard rubber pillow and comment, "The money must be somewhere else...
...gloriously good news from my agent or for another screed from that persistent gentleman who is always writing to accuse me of showing insufficient respect to the Speaker of the House? But I also found myself irritated that the man who spent $1.6 billion for a hotel was intending to recoup that investment partly by charging me $2 a page for an incoming...
...company is now building the $1 billion Mandalay Bay development, to open in March 1999. The casino hotel, with a separate Four Seasons hotel on top and a monorail connecting it to the company's other properties, Excalibur and Luxor, will be set in a 12-acre park with a wavemaking machine in the lagoon. Says Schaeffer: "Nobody anywhere in the world is building resorts like Las Vegas...
Adelson is trying to bring a new ingredient to the basic Las Vegas hotel rooms: comfort. The bathrooms in the all-suite Venetian are the size of standard hotel rooms. He spent $9 million just to create step-down living rooms in each suite, to impart the feeling of luxury. "Las Vegas' yesterday thinking was casino-centric. The idea was to deprive guests of creature comforts to keep them in casinos," he says--no minibars, no snacks in the room, no safe-deposit boxes, no fax machines and certainly no computer hookups. Says he: "If you were hungry, they imagined...