Marriott to move forward on Vegas resort

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Marriott to move forward on Vegas resort (United States)
	Marriott to move forward on Vegas resort (United States)
Category: North America & West Indies / Carribean islands - United States - Industry economy - Hotel projects This is a press release selected by our editorial committee and published online for free on 2009-02-24 Despite the recession, hotel giant Marriott International Inc. plans to double the size of its big timeshare vacation resort near the Las Vegas Strip. Ed Kinney of Marriott Vacation Club International based in Orlando, Fla., says ground will be broken sometime this year on the third tower at Marriott's Grand Chateau on Harmon Avenue and a fourth tower will be developed after that. Plans call for the Grand Chateau to have a total of 895 villas about evenly split between four 37-floor towers. Construction on the first two towers is complete, with some of the towers being rented on a nightly basis. The units rented nightly are either in Marriott's inventory or belong to vacation club timeshare owners who have arranged for Marriott to rent them out. Kinney says the Grand Chateau was the vacation club's highest-grossing property in 2008 with $110 million in sales.