Quote:
Originally Posted by callipygian
This is nitty but you have to control for occupancy rates if you compare on a per room cost basis. Fontainbleu won't have as many 100% occupancy days (where prices get jacked up).
Occupancy is a different factor, that is also highly correlated with room rates.
To see how much money a casino makes on a room, the also have to adjust for money spent in the casino, for entertainment and retail on the premises and several other factors.
Nevertheless, construction cost per room or square foot is a pretty interesting metric. That said, for Fontainebleau that number will obv. only include the $600mil sale price and not the ~$2.5bln that was spent to construct the building and maintain it over the last 8 years.
Quote:
Originally Posted by eco74
This, like SLS, is going to be a bust. Also, that Fountainebleu building is ugly as ****.
Very possible, but I guess there's a reason why guys like Adelson didn't want the convention center expansion towards that part of the Strip.