The $550m project is being developed by Shopoff Realty Investments and Contour, in partnership with Dream Hotel Group.

Set to open in late 2024, Dream will feature 531 rooms, plus a 20,000-square-foot casino and gaming floor managed by Peninsula Pacific Entertainment (P2E).  

Overseeing the property’s construction is architecture firm DLR Group, with interior design by AvroKo, Rockwell Group and DLR Interiors.

A groundbreaking ceremony was held to celebrate the start of construction, attended by various stakeholders, including city and state officials such as Nevada Governor, Steve Sisolak.

“The Dream Las Vegas development is a great investment in our local economy – to boost tourism and create thousands of new jobs,” he said.

“I’m excited to see the resort come to life in 2024, offering even more first-class amenities and service, and extending our state’s long history as a leader in hospitality and tourism.”

Situated at 5051 South Las Vegas Boulevard, across the street from Mandalay Bay Resort and Bali Hai Golf Club, this development forms part of the “ongoing revitalisation and rejuvenation of the south end of the Las Vegas Strip.”

Dream Hotel Group CEO Jay Stein commented: “All of us at Dream are proud to play a role in creating what will be one of the most spectacular new additions to Las Vegas.

“Las Vegas is a destination much like our Dream Hotels brand, marked by a vibrant, youthful energy and dynamic cultural arts and entertainment scene unlike anywhere else in the world.”