Prior to the renovation, in 2009, several travelers reported their experiences at the Tropicana on the website and commented on the faded interiors. This renovation should generate incremental revenue increase and improve cash flow.” “The Tropicana certainly needed a facelift to help it remain competitive, especially since it is a single-asset property. “The renovation makes a lot of sense,” says Grant Govertsen, principal and analyst with Union Gaming Group, Las Vegas. Inc., Las Vegas, as the general contractor on the project. Former MGM Grand executive Alex Yemenidjian’s company, Armenco Holdings, Las Vegas, and Toronto-based private equity firm Onex Corp., purchased the historic resort from bankruptcy in July 2009. The renovation of hotel rooms, restaurants, the casino and convention center is being paid for by new owners. The 53-year-old hotel-casino on the south end of the Strip had gone virtually unchanged since its last renovation in 1986. Bergman’s firm is returning it to its former glory as part of a $180-million makeover of the Tropicana - much of the money for fixtures and finishes. The Tropicana’s $1 million, 4,000-sq-ft Art Nouveau-style glass ceiling, which was designed by architect Tony DeVroude, spans the casino’s main blackjack area. He spent 16 years as Steve Wynn’s in-house architect, helping create The Mirage, Treasure Island and Golden Nugget, before founding Bergman Walls & Associates in 1994. 1,658 rooms Every guest room and suite was redone, with new decor, furniture and color schemes.īergman would know.

Las vegas tropicana casino renovations