Las Palmas, located just a half mile from the strip is set to be the first African American-owned and largest non-gaming Las Vegas hotel. The Peebles Corp has received initial planning approval from Clark County for the 13-acre complex and its first tower is expected to open in 2010.
The 4.5 million square-foot project will consist of four 55-story aqua-colored glass towers, three condominium buildings and a hotel tower with residential units above, containing 800 (5 star) luxury hotel suites and 1,030 condos. It will also include upscale restaurants and shops. Condo prices will range from $600 to more than $1,000 a square foot.
R. Donahue Peebles, founder and chief executive.
The 47-year-old real estate developer has a $4 billion portfolio of luxury hotels, high-rise residential, Class A commercial properties and developments across the nation. He developed the first black-owned four-star hotel in the US, The Royal Palm Crowne Plaza (South Beach, Miami).
We highly recommend his book, ‘The Peebles Principles (Tales and Tactics from an Entrepreneur’s Life of Winning Deals, Succeeding in Business and Creating a Fortune from Scratch.’
