Business Specialties Development
World's Tallest Timeshare Tops Off in Vegas
July 3, 2008
By: Barbra Murray, Contributing Editor

The $1.2 billion PH Towers by Westgate in Las Vegas has reached a pivotal point in development with the attainment of the highest point of vertical construction. Located at the Planet Hollywood Resort & Casino, the upscale 52-story PH Towers (pictured) will be the tallest timeshare building in the world.

A Westgate Resorts project, the 3.2 million-square-foot PH Towers will also hold the distinction of being the first vacation ownership resort to be fully integrated with a major resort and casino complex. The 2,500-guestroom Planet Hollywood Resort debuted last year, having been reinvented from the former Aladdin Resort & Casino via a $1 billion makeover, and will provide direct access to PH Towers. Ground broke on PH Towers in 2006 and in 2007, Westgate Resorts closed on a $400 million construction and development loan for the project. Ultimately, the Morris Architects-designed timeshare property will feature approximately 1,200 luxury timeshare units, as well as a casino, a 35,000-square-foot convention center, a restaurant and 16,000 square feet of retail space.

Bovis Lend Lease Americas is overseeing construction of PH Towers. Completion of the first phase of the project is on schedule to take place next summer.

Headquartered in Orlando, Westgate is the largest privately owned timeshare company in the world, with a portfolio of 10,000 units at 28 resorts in 11 states. Presently, the company has an additional 4,500 units in its development pipeline.

 
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