Page 33 - Las Vegas LVQR Market Research Report Q1 2024

Colliers 5
Hospitality
Las Vegas 24Q1

Gaming Under
Total Inventory Convention Gaming Space Occupancy Rate Average Price Deliveries Deliveries YTD
Type Revenue ($MM) Sales (Units) Sales Volume Construction
(Units) Space (SF) (SF) (Estimated) Per Unit (Units) (Units)
(Estimated) (Units)
Downtown
CAS 8,435 130,852 382,200 - - 0 $0 n/a 0 0 0
FS 0 0 0 - - 0 $0 n/a 0 0 0
LS 204 0 0 - - 0 $0 n/a 0 0 0
Total 8,639 130,852 382,200 70.1% $248.5 0 $0 n/a 0 0 0
Las Vegas Strip
CAS 98,566 9,438,593 3,446,738 - - 0 $0 n/a 0 0 0
FS 10,280 200,159 0 - - 0 $0 n/a 0 0 531
LS 8,527 6,315 0 - - 150 $27,000,000 $180,000 0 0 119
Total 117,373 9,645,067 3,446,738 86.0% $2,065.5 150 $27,000,000 $180,000 0 0 650
Boulder Strip
CAS 1,704 63,665 384,305 - - 0 $0 n/a 0 0 0
FS 41 0 0 - - 0 $0 n/a 0 0 0
LS 2,545 300 0 - - 0 $0 n/a 0 0 0
Total 4,290 63,965 384,305 - $250.3 0 $0 n/a 0 0 0
Off-Strip
CAS 10,110 773,184 1,386,588 - - 0 $0 n/a 0 0 0
FS 1,225 45,000 0 - - 0 $0 n/a 0 0 303
LS 10,814 10,185 9,300 - - 0 $0 n/a 0 0 0
Total 22,149 828,369 1,395,888 - $754.7 0 $0 n/a 0 0 303
Grand Total
CAS 118,815 10,406,294 5,599,831 - - 0 $0 n/a 0 0 0
FS 11,546 245,159 0 - - 0 $0 n/a 0 0 834
LS 22,090 16,800 9,300 - - 150 $27,000,000 $180,000 0 0 119
Total 152,451 10,668,253 5,609,131 83.0% $3,319.0 150 $27,000,000 $180,000 0 0 953
Historical
24q1 152,451 10,668,253 5,609,131 83.0% $3,319.0 150 $27,000,000 $180,000 0 0 953
23q4 152,451 10,668,253 5,609,131 83.2% $3,622.1 0 $0 n/a 3,975 4,238 830
23q3 148,476 10,147,253 5,436,131 82.7% $3,324.1 0 $0 n/a 127 263 4,638
23q2 148,349 10,147,253 5,436,131 84.7% $3,181.0 0 $0 n/a 136 136 4,885
23q1 148,213 10,147,253 5,436,131 83.2% $3,360.4 0 $0 n/a 0 0 4,374