LAS VEGAS-Wyndham Vacation Ownership plans to develop its fifth Vegas property near the Rio All-Suite Hotel & Casino. The time-share giant says the 280-unit first phase will open in early 2010 and that the development site could hold as many as 2,000 units. Called Wyndham Desert Blue, the development was announced in conjunction with this week’s American Resort Development Association conference in Las Vegas.

The 14.75-acre development site is located on West Twain Avenue at Dean Martin Drive, which is across Interstate 15 from Caesar’s Palace and the Mirage. Wyndham’s Fairfield Resorts Inc. acquired the property for $1 million an acre in late 2005, according to Clark County property records.

The first phase of Wyndham Desert Blue will feature a mix of units ranging from one to three bedrooms, plus 50 suites, that would be housed in a 19-story building. First-phase amenities will include a pool, recreation room, computer library, game room and fitness center. The timing and size of three future phases has not yet been determined.

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