LAS VEGAS, Nov. 1, 2019 /PRNewswire/ -- Witkoff has named
Bobby Baldwin, renowned gaming
executive, as Vice Chairman of Witkoff and Chief Executive Officer
of Drew Las Vegas, a 67-story resort and casino in development on
the Las Vegas Strip. Baldwin will assume his new role
immediately.
Partnering with a highly respected industry leader signals
Witkoff's commitment to the long-term success of Drew, which will
set the standard for next-generation Las
Vegas luxury, and to the destination overall. With nearly
3,800 rooms, the resort will introduce a truly unique take on the
Las Vegas experience, featuring a
state-of-the-art casino, an innovative collection of restaurants,
shops, and pools, vibrant nightlife options, and groundbreaking spa
and wellness offerings.
In his additional role as Witkoff's Vice Chairman, Baldwin will
provide leadership and insight on projects beyond Las Vegas that are critical to the firm's
long-term growth strategy.
"As we were making final preparations for construction, we had a
unique opportunity to work with a transformational leader who has
unrivaled experience," says Steven
Witkoff, Chairman and Chief Executive Officer of Witkoff.
"Bobby sees how far the project has come and is supportive of our
vision and strategy. He has been at the helm of many preeminent
resorts in Las Vegas including
Mirage, Bellagio, and CityCenter. Given Bobby's industry reputation
and experience, we believe he's the ideal individual to
successfully launch this project and to help drive strategy
within the overall Witkoff enterprise."
Says Baldwin, "I am thrilled to be a part of the Witkoff
organization as well as the team at Drew Las Vegas. Witkoff's
proven track record in global real estate development, financing,
and operations makes this the right opportunity, particularly when
combined with the introduction of the Drew."
Baldwin has an unparalleled track record in Las Vegas and is widely known for achieving
strong financial outcomes. Prior to becoming Vice Chairman of
Witkoff and Drew's CEO, Baldwin most recently served as Chief
Customer Development Officer of MGM Resorts International and
President and CEO of CityCenter, an approximately $9.2 billion development.
ABOUT WITKOFF
Witkoff is a vertically-integrated real
estate firm that brings inventive thinking to every project in our
portfolio. Combining an eye for originality, an operations-focused
approach, and a 30-year track record, Witkoff creates unique
experiences, thriving businesses, and incredible returns. Witkoff
participates in all parts of the real estate lifecycle, from deal
sourcing and pre-development through financing, construction, and
operations. The firm pursues assets that that have value-add
potential and irreplaceable locations in markets with high barriers
to entry and diversified demand drivers. As a result, the firm
holds a diverse portfolio that includes hotels, residential
properties, commercial buildings, and operating businesses, as well
as land for future development.
ABOUT DREW LAS
VEGAS
Drew Las
Vegas, a 67-story resort and casino opening in the second
quarter of 2022, will introduce travelers to a distinctive new
brand of hospitality. Inspired by its home in the Mojave Desert,
Drew will weave together indoor and outdoor experiences to create
an authentic sense of place. At the same time, Drew will reach
beyond the desert, drawing on worldwide cultural influences to
create unique, inspiring experiences. Situated on the northern end
of the Strip at 2777 Las Vegas Boulevard South, Drew Las Vegas will
comprise of approximately 3,800 rooms and suites and three separate
hotel experiences: The Reserve by Drew, Marriott International's
EDITION, and JW Marriott. Drew will also offer over 550,000 square
feet of convention space and connect to the Las Vegas Convention Center expansion via a
pedestrian bridge. The resort will feature an innovative collection
of restaurants, shops, and pools, vibrant nightlife options, and
groundbreaking spa and wellness offerings.
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SOURCE Witkoff