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Condo Hotel Center: Property
Alert
December
22, 2004
PLAYING
THE TRUMP CARD AGAIN
Trump International Hotel & Tower Las
Vegas
 Hello,
Joel Greene here. As many of
you know, I've been quietly promoting the coming of
the Trump Fort Lauderdale condo hotel, details of
which I will be sending out within the next 30 days.
In the meantime, The Donald, has gone
ahead and announced yet another mega-condo hotel project,
the Trump International Hotel & Tower Las Vegas.
Following the mention of the Trump Las Vegas on the
TV program The Apprentice last Thursday, units
started selling faster than ice in the desert, the
Nevada desert that is.
We at Condo Hotel Center had been
tracking this property for months and were unable
to get any solid sales information until Donald made
his "official announcement."
I immediately called my sales contact
at the property only to hear, "We're practically
sold out! The phone is ringing off the hook. We are
all running around the hallways taking reservations.
It's like the pit at the Wall Street stock exchange
around here!"
The good news is, despite all the excitement and selling
frenzy, there is still an opportunity for you to get
in. I am pleased to now be able to give you the facts
on the actual current status of the Trump International
Hotel & Tower Las Vegas.
Trump International Hotel & Tower Las
Vegas, artist's rendering
Phase I, Sold
Out; Phase II Coming Soon
Approximately 65% of the building, all of Phase I,
is reserved. That's what happens when a property gets
mentioned on a network TV show watched by 24 million
people.
The sales staff at Trump International
has stopped taking any more reservations in Phase
I. They will begin taking reservations in Phase II
(same building as Phase I), after the Christmas weekend.
That gives us at Condo Hotel Center the opportunity
to provide the following information, brief as it
may be, and gives you a chance to own a piece of one
of the most talked about properties, well since Donald
mentioned his Chicago
Trump property last season on The
Apprentice.
The Donald Thinks
Big!
The Trump International Hotel & Tower Las Vegas
will be a 1.6-million sq. ft. condo hotel tower. At
64 stories, it will in fact be the tallest hotel in
Las Vegas. It will be built on a portion of the Frontier
Hotel property, across form the Wynn Las Vegas resort
project and next to the Fashion Show Mall.
"It's a super high-end luxury
residential hotel condominium tower," Trump said.
"The project will be patterned after the ultra-successful
Trump international Hotel and Tower in New York."
Scheduled to begin construction early
next year, the $300 million project will feature 1,000
hotel and condo hotel rooms, 50 luxury penthouse condo
hotel units of up to 10,000 sq. ft., a spa and various
restaurants. It will not have a casino.
Available
Units
Condo hotel units will start on the 16th floor and
go up to the 64th. Room sizes are estimated to be
about 550 sq. ft. for the studios and 1,000 sq. ft.
for the one bedrooms.
Two-bedroom units are not available
except on the top five PH floors, which are one-,
two- or three-bedroom units. You can, however, purchase
a one-bedroom and an adjacent studio to make a two-bedroom
unit.
Pick Your View
I understand from my sales contact that most of the
south units are gone. These are the ones that offered
the best view of the Strip. The north view, however,
also offers views of the downtown side of the Strip,
which is the less developed part--for now, and a probable
glimpse of the mountains. A request for a north studio
has the greatest chance of being granted. Alternatively,
they still have some good east and west view units
as well.
Limited Pricing
Information
Details are sketchy at the moment on pricing for Phase
II units. In Phase I studio units were $520K-$765K,
and one-bedrooms were $750K to $975K. Phase II prices
will undoubtedly be higher. How much, even the salespeople
do not know yet. My guess is 10%, but I could be underestimating
this considering the overwhelming demand.
Purchase Requirements
If you want to reserve a unit, here is what needs
to be done ASAP. Contact
me and request a reservation agreement.
I'll fax it to you immediately along with the address
as to where to send it when complete. Be sure
to include your fax number with your request.
You'll then need to send a check made
out to First American Title Company along with your
completed reservation agreement via FedEx or comparable
carrier. (They are not accepting wire transfers.)
The reservation will not be accepted
unless they have both the reservation form and the
check in hand. The deposit is $20,000 per each unit
you want, and you may only purchase a maximum of two.
(Please talk to me if you want more, and I'll do my
best to twist arms.)
Further Deposits
In approximately six months, or when the contracts
are ready to be signed, the deposit will need to be
increased to 10%. There will also be additional 10%
deposits due six months, and 12 months from contract,
for a total of 30% down.
On Monday, December 27, they will
start opening all overnighted reservations, and in
the order that they are received, you will be contacted
and asked to choose your unit. You will be asked what
size unit you want, which view and your floor preference.
(Prices go up by $5,000 per floor in Phase I).
Wrap Up
As always, we try our best to get you the information
as soon as possible, but this time The Donald trumped
us. If only we had access to our own prime-time network
TV program….
In any case, there is still time to
get in. I hope that if you want a piece of Trump Las
Vegas, you will contact
me quickly and request your reservation
agreement which I can fax to you right away.
Enjoy the Holidays and Best Wishes
for a Healthy, Happy and Prosperous New Year!
Joel
Greene, Broker-Associate
Condo Hotel Center
A division of Sheldon Greene & Assoc., Inc.
13499 Biscayne Blvd. Ste. 210
N. Miami, FL 33181
PH: 305-944-3090
FX: 305-948-0460
Info@CondoHotelCenter.com
www.CondoHotelCenter.com
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