The U.S. is in the midst of a choking recession. But that’s not stopping a financially struggling Israel-based development group from planning to build the world’s largest hotel in Las Vegas.
A holding company that includes the AFI Group, formerly known as the Africa Israel Group, is planning to soon go before the Clark County commissioners in Las Vegas for use permits to build a 6,475-room hotel, casino, and retail complex on 60 acres along Harmon Avenue, west of the Hard Rock Hotel in Las Vegas.
Currently, the largest hotel in the world is the 6,118-room First World Hotel in Malaysia. But many of the largest hotels in the world are already in Las Vegas, including the 5,690-room MGM grand, the 4,408-room Luxor, and the 4,341-room Mandalay Bay and The Hotel resorts.
Approval of the permits would give the group two years to begin construction on the project or seek an extension. Permit approval would allow the development group to go to investors and banks seeking financing for the project. No price on the project currently available.