Planet Hollywood Towers by Westgate to Break
Ground Thursday, Jan. 19, 2006, 1:30 p.m.
The Skyline Altering $750 Million
50-Story Tower is Latest Addition to the Sizzling Harmon
Corridor and is Next Step in Planet Hollywood Brand Expansion

LAS VEGAS -- David A. Siegel, founder,
president and CEO of Westgate Resorts, the world's largest
privately held timeshare company, and Robert Earl, co-chairman
of Planet Hollywood Resort & Casino, will break ground today on
a 50-story luxury vacation ownership and condominium tower
directly connected to the Planet Hollywood Resort & Casino
complex on the world-famous Las Vegas Strip. The partnership
brings together two recognized industry leaders committed to
providing the highest quality vacation experiences to their
guests.
The $750 million development will include more
than 1,200 units, ranging in size from one to four bedrooms,
increasing the hotel room inventory for the resort by 2,800
rooms. The top four stories of the Towers will be comprised of
28 luxury condominiums ranging in size from 4,000 square feet to
10,000 square feet, with prices starting at $4 million. The
vision for the new Towers was to create a look that was both
sleek and glamorous. The color palette is in keeping with the
Planet Hollywood brand using red and blue accents to set off the
soaring glass building.
The
Towers, which will be located on the southeast corner of the
complex, at the corner of Harmon Avenue and Audrey, is being
designed by Gerald B. Koi, architect of the firm Morris
Architects. The casual yet sophisticated interiors are being
created by DiLeonardo International Inc., recognized worldwide
for its achievements and innovations in the hospitality
industry. Overseeing the construction is Bovis Lend Lease
Americas, one of this country's largest construction managers.
"Planet Hollywood Towers by Westgate will
dramatically alter the Las Vegas skyline. Its majestic lines
will add grace to the Harmon Avenue corridor and I am especially
proud that our development is located steps away from the Las
Vegas Strip," said Siegel. "When completed in 2007, this will be
the world's first vacation ownership resort directly connected
to a major resort hotel and casino complex, complete with over
12 restaurants and luxury resort amenities, as well as a
full-service shopping mall with over 140 stores. We believe that
this fully self-contained resort environment will provide our
350,000 timeshare owners vacation experiences unavailable
anywhere else in the world."
"I am thrilled that we are here to celebrate
the groundbreaking of the Planet Hollywood Towers by Westgate.
Westgate Resorts is one of the largest and most successful
vacation ownership companies in the world, and this incredible
building will dramatically increase guest traffic, room count
and the overall Planet Hollywood Resort & Casino experience. I
could not be more pleased to be working with David Siegel, a
pioneer and visionary in the tourism industry," said Earl. "The
development of this plot of land, coupled with the complete
redesign of our facade and casino, and the agreement with the
shopping mall on enhanced entrances, including access to the
Planet Hollywood Towers by Westgate, has created a seamless and
completely integrated resort complex. I would like to thank
David Edelstein and Boulevard Invests for working diligently
with us on integrating our collective properties."
Other unique features of the Planet Hollywood
Towers by Westgate include:
- Gross area of more than 3.2 million
square feet including 2.3 million square feet of living
space
- 14,000-square-foot lobby and check-in
area
- 35,000 square feet of meeting and
convention space, supplementing the resort's meeting space
- 16,000 square feet of eclectic dining
- 3,100-square-foot fitness center
- 16,000-square-foot sales area
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