Marriott Hotels to invest $5 billion in Las Vegas

LAS VEGAS — Marriott HotELS, the world’s largest hotel chain, announced Tuesday that it plans to invest an undisclosed amount in the Las Vegas Sands casino and hotel.

The announcement comes less than a week after Marriott CEO Stephen Sacks said the company is looking to invest at least $5bn in Las, Vegas.

This marks the latest major investment by a large hotel group in a new Vegas project, which has attracted the attention of other major corporations and governments.

Sacks, who has been critical of President Donald Trump and has criticized the Las vegas hotel project, also said in a statement that the hotel could “open in the coming months” and that the company “is actively working to make the Lasvegas Sands casino a reality”.

The Las Vegas casino is set to open in 2017, and Sacks has said the project could bring $100bn in revenue annually.

A Marriott spokeswoman said the $5.9bn investment would bring jobs to the region, and that it will provide new revenue streams to the state.

“We believe the Las Vegas Sands project could create more than 2,500 permanent and long-term jobs for Nevadans,” the statement said.

In a separate statement, Sacks also said the hotel project would generate $4bn in annual economic impact.

Las Vegas Sands, a joint venture between MGM Resorts International and MGM Residences Resorts, is set for completion in 2020 and will open a new Las Vegas hotel and casino.

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