The Palms Getting into High Rise Market

Not to be outdone by their rival Hard Rock, the world famous Palms Casino Resort is developing Palms Place, which already looks like it may be the most exclusive high rise condo hotel in Las Vegas. Developed by the Maloofs, the project will feature fully furnished condos ranging from studio and one-bedroom suites to spectacular penthouses including balconies built around stunningly unique glass pools.

In addition to 30 acres of 24 hour entertainment, theatres, nightclubs and restaurants, the 49-story high rise designed by world renowned architect Jon Jerde will feature wide ranging panoramic views of the Las Vegas Strip and Spring Mountains with exquisitely designed interiors by internationally acclaimed Yabu Pushelberg.

604 square foot studio suites range from $475,000 to $750,000. The one bedrooms measure 1,151 square feet priced from $815,000 to $1,275,000 and two bedroom suites are available ranging from $1,290,000 to $2,025,000 for a 1,755 square foot unit. You can also splurge for a $4.5 million dollar 3,650 square foot penthouse suite if you'd like to live next to Jessica Simpson or any other of the high profile celebrities rumored already to have purchased units.

Amenities include private gated entrance with elegant porte cochere entry and 24 hour security and 24 hour room service, covered valet parking and doorman service, a world class pool and spa enclave, lush landscaping and gardens, a two-story conservatory, a business center, and a "sky-tube" elevated enclosed moving walkway connecting Palms Place to the Palms Casino Resort.

And if that's not enough, when you buy a place at the Palms, you automatically enter "The Inner Circle", an exclusive concierge service available only to Palms Place unit owners. Benefits of the Inner Circle include 24 hour concierge service, special invites to select events and activities at the Palms Casino Resort, special invites to "owners only" events, pre-sale ticket purchase notice for select concerts at the Palms new intimate 2,200 seat concert theatre, access to the Palms Casino Resort Spa and Fitness Center, access to in-room chefs, pre-arrival grocery shopping services, complimentary to/from airport chauffeured VIP limos, and even golf course access.

Needless to say, these units are going fast. You'll need a $25,000 refundable check to get started and 20% down at contract. I'm adding Palms Place to my "Top 5" hotel condo investment list in Las Vegas. Others on the list currently include the Residences at MGM Grand, Icon Las Vegas, Turnberry Place, and Sky Las Vegas. If you've been waiting to make a high rise condo hotel purchase, I urge you to contact me as soon as possible and investigate this Palms project or any other on my list now.