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Press Release: Conrad Hotels
October 18, 2006
LAS VEGAS & BEVERLY HILLS, CA -- Sales will begin on October 18, 2006 for seventy-six exclusive luxury homes:
The Waldorf=Astoria Residences(TM), in Las Vegas. These richly detailed and spacious homes will be the first purely
residential project to carry the legendary Waldorf=Astoria® insignia, a new name in residential living. The
residences will occupy the top 10 floors of the soon-to-be built, art-deco-style Conrad® Las Vegas, an $825-million,
mixed-use project under development by Lorenzo Doumani and his Las Vegas-based Majestic Resorts, located on Las
Vegas Boulevard (the Strip) in the fastest growing city in the U.S. While luminaries such as the Duke and Duchess
of Windsor, Cole Porter and Frank Sinatra have resided at the historic Waldorf=Astoria in New York, this is the
first time anyone will be able to own a Waldorf=Astoria Residence.
The Waldorf=Astoria Residences will redefine and set new standards for luxury living. They will have a discreet
separate residents' entrance and lobby, 24/7 concierge services, private elevators to whisk owners to their homes
high above the Las Vegas strip, complimentary limousine service and the legendary comfort and personal attention
for which The Waldorf=Astoria is famous. Residents will have exclusive access to Club Waldorf=Astoria, which will
feature a piano lounge, a library, a screening room, a cigar bar and a wine cellar. The 2,000- to 5,000-square-foot
residences and penthouses will feature designer kitchens and baths, 10-foot-high ceilings, expansive private balconies,
multi-directional views and fireplaces. Priced from $2.8 million to $10 million, they are being offered exclusively
through Christies Great Estates.
Conrad® Las Vegas Hotel and Condominium Residences
In addition to The Waldorf=Astoria Residences, the striking 654-foot-tall tower designed by Paul Steelman will
include the Conrad Las Vegas Hotel, which will consist of 216 elegantly appointed guestrooms and suites on floors
11 - 20 and 696 luxurious Conrad condominium hotel residences averaging 800 square feet on floors 21-49. Owners
of the hotel condominiums will have the option of participating in the voluntary hotel rental program. The Conrad
condominium hotel residences, which go on sale November 1, 2006 at prices that range from the mid-$600,000's to
over $1 Million, will be the premier residence option for jet setters seeking a luxury pied-a-terre in Las Vegas.
The Waldorf=Astoria Residences will enjoy the amenities and services of the Conrad Las Vegas, which will consist
of a world-class 27,000-square-foot spa and health club; a two-and-a-half acre tri-level infinity pool with whirlpools,
cabanas and views of surrounding mountains; three signature restaurants; a night club; a lounge, and 56,000 square
feet of retail shops and boutiques. A business center with private business suites, secretarial support, conference
rooms and wireless Internet access will be available to all hotel guests and complimentary for The Waldorf=Astoria
Residences and the Conrad condominium Hotel residences owners.
"Our goal is to offer only the absolute finest residential living not only in Las Vegas but in the world,"
said Lorenzo Doumani, CEO, Majestic Resorts. "Everything in these amazing residences and condominiums will
be of the highest quality, offering top-of-world views and the services and amenities one would expect from the
brands synonymous with luxury: The Waldorf=Astoria and Conrad Hotels."
"We are delighted to work with Majestic Resorts in the realization of such an outstanding project," said
David Greydanus, Senior Vice President - Brand Management for The Waldorf=Astoria Collection. "We believe
these new residences, our first pure residential offering, is a perfect brand extension for the Waldorf=Astoria
Collection of hotels and will set a new standard for its luxury offerings and its outstanding features. This new
level of residential living fits into our worldwide expansion plans for global hotel and residential offerings
and complements our new Waldorf=Astoria Collection brand announced earlier this year."
The development is slated to open in 2009.
Majestic Resorts: Lorenzo Doumani, CEO of Majestic Resorts, is a native of Las Vegas. His father, Edward Doumani,
built the Tropicana and icons El Morocco and La Concha and was Steve Wynn's longtime partner in the Golden Nugget
Las Vegas and Atlantic City. Lorenzo Doumani, who designed and built Beverly Hills mansions, has combined his Las
Vegas development background with his passion for architecture and design to realize this exciting new development.
The building site has been in the Doumani family for over 50 years. For more information on Majestic Resorts, please
visit www.majesticvegas.com.
The Waldorf=Astoria Residences and the Conrad Las Vegas Residences are being developed by Majestic Las Vegas and
branded through Hilton Hotels Corporation luxury brands: The Waldorf=Astoria Collection and Conrad Hotels.
For further information, please visit: www.majesticvegas.com.
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Contact: Waldorf=Astoria Collection and Conrad Hotels Jeanne Datz Rice, 310-205-4070 Jeanne_datz_rice@hilton.com http://www.hiltonworldwide.com or Majestic Las Vegas Lorenzo Doumani, 702-369-6978 Lorenzo@majesticlasvegas.com
Source: Conrad Hotels