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Wynn Room Refresh Update

Last edit: ChiCell on Wednesday, 4th August 2010 4:56 pm
Last response by jucifers 5th August 5:23pm

Just was reading through the transcript of the Wynn Resorts Q2 call and there was a bit of an update on the room renovations going on at Wynn.

As I suspected from the Wynn booking site's unavailability of Panoramic rooms they are starting with the top floors. They are taking out several floors at a time(about 400 rooms), the project started in July and will continue into January for the resort rooms and into April for the Tower Suites.

All Wynn rooms will undergo a refresh that Steve feels will demand a higher room rate. To quote him he said "Reragging and reaccessorising" (wtf is ragging)

They will spend 46 million on Tower suites, 45 million on Resort rooms, and 10 million on Villas.

They will also be refreshing the property in general it sounds like with some minor updates to common areas and the golf course.

Unrelated note he said that the beach club was beating expectations thus far.

I am excited to see the new rooms come online soon!

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 Chuckmonster responded on Wednesday, 4th August 2010

Very interesting deductions. Using your Panoramic View logic, this means that upgraded rooms will first become available for booking on August 29th.

 ChiCell replied on Wednesday, 4th August 2010

Yea Steve seemed to confirm this too:
"Strzemp
You start at the top and move down.
Wynn
Start at the top and move down, yes"

http://seekingalpha.com/article/217548-wynn-resorts-q2-2010-earnings-call-transcript?part=qanda

That would be very cool if the first set of rooms is released late this month.

 blackjacker1979 responded on Thursday, 5th August 2010

Ragging = industry term for new fabrics.

 jucifers responded on Thursday, 5th August 2010

I heard that they're only replacing the sheets and cocaine mirrors.