Tropicana Upgrades

[Eyeofngt]

The Tropicana is going to do some revitalization in the amount of nearly $100 million. They plan to renovate thier 52 year old Casino on the Vegas Strip.

LAS VEGAS, Nevada –- New Tropicana co-owner and chief executive Alex Yemenidjian is still getting himself and his team acclimated to their new surroundings.

A former top executive at MGM Grand Inc., Yemenidjian is working 15-hour days trying to revitalize one of the Strip's remaining historic properties, which he acquired July 1.

Without the luxury of being able to tear the property down in the current economic environment, Yemenidjian and his partners, Canadian private equity firm Onex Corp., are launching a nearly $100 million plan to renovate the 52-year-old property.

Much of what the Tropicana of tomorrow will look like is a project in flux.

The boardroom outside his office is covered with sketch boards, photos, and carpet and floor samples of what the new rooms will look like.

Yemenidjian, who ran MGM Studios after leaving the gaming industry, plans to transform the property into a South Beach Miami-themed resort.

[VegasLuvsMe]

That's a good idea I think, about changing it to a Miami-themed resort.
It's already part-way there with the name Tropicana and all the palm trees on the strip will make it fit in nicely.

I think the most he could do is upgrade the casino and rooms, floors, and carpeting as mentioned.

I don't know if they have a buffet, but that's a big thing on the strip these days and would be a good addition to the Tropicana.

I can't wait to see it when it's finished.

[vegasrocks]

They are probably making a wise decision renovating the casino but at the same time, original can be really cool too. It would be cool if they could just restore it. Either way, I am sure they know what they are doing.

[VegasLuvsMe]

I remember seeing Bally's after they went through their renovations, big improvement by just replacing beds, carpets, and wallpaper.
And it looks like a fresh coat of paint in some areas.

It will be good to visit the Tropicana to see how they've improved.