A new partnership between Fontainebleau Development and Koch Real Estate Investments—with J.P. Morgan as administrative agent—has secured a $2.2 billion construction loan to complete the Fontainebleau Las Vegas. The long-anticipated 67-story hotel and gaming, meeting, and entertainment destination is slated to debut at the north end of the Las Vegas Strip by the fourth quarter of 2023.
“This is a milestone for Fontainebleau Las Vegas and stands as a testament to the tremendous dedication of our team and our partners at Koch Real Estate Investments,” says Fontainebleau development president Brett Mufson. “We are eager to bring our iconic Fontainebleau brand—timeless beauty, unparalleled service, and innovative design—to the Las Vegas Strip.”
Fontainbleau Las Vegas will total 25 acres and nine million square feet adjacent to the Las Vegas Convention Center. The forthcoming property will accommodate 3,700 luxury hotel rooms, 550,000 square feet of flexible convention and meeting space, and a collection of gaming, dining, retail, lifestyle, and wellness experiences.