Fontainebleau casino to open as The Drew Las Vegas in 2020

The ill-fated Fontainebleau casino project in Las Vegas will get a new shot at life in 2020 under new ownership and a new name.

Last August, billionaire investor Carl Icahn struck a $600m deal to sell the unfinished Fontainebleau casino hotel to a consortium including an affiliate of development and investment firm The Witkoff Group and New Valley LLC, the real estate arm of Florida’s Vector Group holding company.

On Monday, the Associated Press reported that the Fontainebleau’s new owners intend to rebrand the property as The Drew Las Vegas, with an eye towards welcoming its first guests by 2020. Hospitality giant Marriott International has been tapped to run the 63-story property’s hotel operations, which will include around 4k rooms and suites.

Witkoff Group CEO Steven Witkoff said The Drew would be “a design-forward building” and that the existing unfinished structure was “so well-conceived, even from nine years ago,” that the new owners could envision any number of design possibilities.