http://www.lasvegassun.com/sunbin/stories/nevada/2006/feb/24/022410432.html

LAS VEGAS (AP) - The owners of the Hard Rock Hotel & Casino in Las Vegas said they have suspended plans to build a $1 billion condominium project while they consider offers from buyers wanting to purchase the hip resort just off the Strip.

Hard Rock Hotel Inc. executives would not comment Friday on how many proposals were on the table or who had made them, but they said the fate of the expansion - a 1,200-unit project announced last year - is uncertain.

I think I'd sell. I get the feeling that Hard Rock is at or near a peak right now and if you can get a good value out of the buyers then take the money and go look into something new. The people that have been driving the popularity of the Hard Rock are going to age out or move on to one of the other properties with as many new things that are constantly going up.

The people that have been driving the popularity of the Hard Rock are going to age out or move on to one of the other properties with as many new things that are constantly going up.

I dunno about that. The place opened up 11 years ago and had 20 somethings crawling all over it. Today 20 somethings are still there. I'm in my early 30s and I am starting to feel old when I'm there :(. although Halloween at the Hard Rock is still one of my favorite nights of the year.

It's still the place to see and be seen for the young crowd even though it's a new generation. The Hard Rock isn't so much a casino but a destination with an awesome bar, nigtclub, pool and restaurants that happens to have a casino in the middle of it. Aside from the Palms, Mandalay and maybe TI what is the alternative? Sure you have Wynn, Venetian, Bellagio etc which are very nice. But all those places also have middle aged fat balding dudes along with the $500 a hand playahs looking to impress their potential trophy wives....not exactly the scene your average 25 year old is looking for.

This was announced so suddenly I think there is more behind the story that the public has been told and has more to do with the crumbling Las Vegas condo market than anything else. So many people who bought condos are going to get burned.

The casino ws built for $80 million with another $125 million spent over the years in renovations. The selling price will be in the $800 milllion range. Not a bad return.

Aside from the Palms, Mandalay and maybe TI what is the alternative?
It's still a few years away, but the W Las Vegas will likely take a hit on the Hard Rock, too.