Plaza Closing For A While

This shouldn’t be too surprising, but the Plaza is closing for a while before undergoing renovations later this year into next year.

More than 400 employees of the Plaza Hotel & Casino face layoffs in the next 60 days as the downtown Las Vegas property closes its 1,037-room hotel and portions of its casino in early November…

…”In fact, we anticipate that many employees from the Plaza will be offered jobs at the Las Vegas Club, which during this renovation period will be handling future room reservations, bingo and some other amenities formerly housed at the Plaza,” (Kenneth) Landfield (COO, Tamares) said in the statement.

The poor economy hit all of Las Vegas hard, but the older downtown properties were hit very hard. This is a way for the owner of multiple downtown properties to save money in the short term. Consolidating rooms downtown should be a good thing as there are just so many rooms in Vegas, overall.

I expect this closing to last a little longer than the company is telling the public. Renovations might be “delayed” and “take longer” just to keep the rooms off the market a little longer in hopes of a better economy.