Endeavoring to create what it calls “the most flexible and customer-focused convention facility in North America,” Mandalay Bay Resort and Casino today announced plans to expand its Las Vegas convention center.
“Several long-standing customers approached us with a need for additional space to grow their business; they looked to us to be a solution provider, and we went to work,” Mandalay Bay President and COO Chuck Bowling said in a statement. “In addition to enabling our current clients to develop larger events, the additional space and new flexibility will allow us to attract new business to Las Vegas. We believe this investment will increase visitation to Las Vegas, driving incremental business to MGM Resorts’ portfolio and the city overall.”
Plans include the addition of more than 350,000 square feet of exhibit space to the existing 1.7 million-square-foot Mandalay Bay Convention Center as well as underground parking, more carpeted ballroom space and a rooftop solar photovoltaic array that will be the largest convention center array in the world.
Upon completion, the convention center will boast more than 2 million total square feet and 1.1 million square feet of exhibit space, elevating its ranking in North America from No. 7 to No. 5 in terms of total square feet and from No. 11 to No. 5 in terms of square feet of exhibit space.
“Las Vegas is continuing to evolve as a meetings destination and this development will solidify Mandalay Bay as a top choice for corporate groups and trade shows of all sizes,” said Stephanie Glanzer, vice president of sales at Mandalay Bay. “We're already speaking with new customers about future business in the space as well as current clients about extending their contracts. We are committed to making a complete experience that extends beyond just business, and with more than 41,000 guest rooms across MGM Resorts’ Las Vegas properties at varying price points, we can make a complete contract that is customized for any group.”
Construction is scheduled to begin in late fall 2014, with new exhibit space available in August 2015 and anticipated completion of all spaces in January 2016. The project is estimated to cost approximately $66 million.
For a recap of last week's top stories, check out MeetingNews Minute:
> Watch More Videos