When taken together, the Palazzo, the 4,027-suite Venetian andthe contiguous 1.2-million-sf Sands Expo Center represent thelargest hotel and convention complex in the world.
The Shoppes at the Palazzo, which opens on Jan. 18, is no longerowned by Las Vegas Sands Corp. General Growth Properties, whichacquired the Venetian's 407,000-sf Grand Canal Shoppes from LasVegas Sands upon its completion in May 2004 for $776 million, atthat time also agreed to acquire the Palazzo retail upon itscompletion.
The ultimate sale price for the Palazzo retail is expected to besimilar to that of the Venetian, according to SEC filings. GGP willtake possession of the Palazzo retail on Jan. 17.
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