Acquisitions & Hotel Openings

Vdara Hotel & Spa Opens

First Citycenter Hotel

LAS VEGAS, NV, November 25, 2009 - CityCenter has partnered with Vanity Fair to co-host the grand opening gala of the newest luxury boutique hotel – the sophisticated all-suite Vdara Hotel & Spa. Host Sebastian Copeland, will be joined by friends Orlando Bloom and Rosario Dawson, to celebrate the evening in support of the Sebastian Copeland Foundation. The invite-only event will treat guests to their first glimpse of CityCenter, the dazzling vertical city destined to transform the Las Vegas Strip.

Vdara Hotel & Spa is designed for those who love the excitement of Las Vegas but prefer to enjoy it in an exclusive, non-gaming, smoke-free environment. Physically connected to Bellagio and directly adjacent to ARIA Resort & Casino, Vdara will offer access to all of the excitement of Las Vegas, while providing a retreat from it all.

Solidifying CityCenter’s commitment to sustainability, Vdara has achieved LEED®† Gold certification by the U.S. Green Building Council. Sharing in Vdara’s commitment to sustainability, the star-studded evening will be hosted by famed photographer, adventurer and environmental advocate Sebastian Copeland. His pledge to environmental activism and global awareness has grown into a passionate dedication to the causes of sustainability and the preservation of the planet. He is currently working on the launch of the Sebastian Copeland Foundation whose primary mission is to advocate from the front lines of climate change. Copeland’s friends and award-winning actors Orlando Bloom and Rosario Dawson will join him to celebrate this evening and support the launch of his charity.

Copeland stated, “We stand at a crossroads in our development as a species. After transportation, buildings are the single greatest source of green house emissions. "Green" building and development stand to reduce carbon emissions into the air by up to forty percent. Vdara, with its LEED certification, has committed to the simple notion that luxury and responsibility are not mutually exclusive and hence stands as a model of innovation. Vdara and CityCenter set a new standard for Las Vegas, one which hopefully others will follow.”

Two of the hottest DJs in the business today, DJs Donovan Leitch and Mathieu Schreyer (kcrw), will entertain guests as they dine on exquisite cuisine from Martin Heierling, executive chef of Vdara and the hotel’s contemporary Mediterranean restaurant, Silk Road. Guests also will enjoy Patron cocktails and Veuve Clicquot champagne as they stroll through the 18,000-square-foot, two-level wellness spa, Vdara Health & Beauty, featuring the Veuve Clicquot Champagne Bar. Vdara Health & Beauty, the first Las Vegas spa in the Green Spa Network, will offer a selection of signature treatments focusing on holistic health.

Edward Menicheschi, vice president & publisher, Vanity Fair, said, “We are proud to be partnering with Vdara in this exciting celebration. Vdara has combined luxury with green design and the alignment could not be better for both our environmental beliefs as well as that of our readers.”

Angela Lester, general manager, Vdara Hotel & Spa, said, “It is truly an honor to partner with Vanity Fair and famed photographer and environmental advocate Sebastian Copeland as we open our doors and showcase Vdara’s remarkable services and amenities. Hosting the grand opening with Copeland and honoring his pledge to environmental activism will help create awareness of our commitment to sustainability and the benchmark set by CityCenter in Las Vegas and worldwide.”

The Patrón Spirits Company, including Patrón, Ultimat Vodka and Pyrat Rum, as well as Veuve Clicquot champagne owned by Moet Hennessy USA, are sponsors of the grand opening gala.

Vanity Fair is the premier general interest magazine of our time. Covering the worlds of politics, business, fashion, entertainment, and society, its muscular, long-form journalism, luscious photography, insightful essays, and superb design make each issue of the magazine a must-read.

Coming Up In The October Online Hotel Business Review


Feature Focus
Revenue Management: Measuring All Hotel Revenue Streams
Revenue Management is a dynamic and ever-evolving profession and its role is becoming increasingly influential within hotel operations. In some ways, the revenue manager's office is now the functional hub in a hotel. Primarily this is due to the fact that everything a revenue manager does affect every other department. Originally revenue managers based their forecasting and pricing strategies on a Revenue per Available Room (RevPAR) model and some traditional hotels still do. But other more innovative companies have recently adopted a Gross Operating Profit per Available Room (GOPPAR) model which measures performance across all hotel revenue streams. This metric considers revenue from all the profit centers in a hotel - restaurants, bars, spas, conference/groups, golf courses, gaming, etc. - in order to determine the real gross operating profit per room. By fully understanding and appreciating the profit margins in all these areas, as well as knowing the demand for each one during peak or slow periods, the revenue manager can forecast and price rooms more accurately, effectively and profitably. In addition, this information can be shared with general managers, sales managers, controllers, and owners so that they are all aware of and involved in forecasting and pricing strategies. One consequence of a revenue manager's increasing value in hotel operations is a current shortage of talent in this field. Some hotels are being forced to co-source or out-source this specialized function and in the meantime, some university administrators are looking more closely at developing a revenue management curriculum as a strategy for helping the hospitality industry close this gap. The October issue of the Hotel Business Review will address these significant developments and document how some leading hotels are executing their revenue management strategies.