Background and development The site of Bellagio was previously occupied by the
Dunes hotel-casino, which opened in 1955. Through his company
Mirage Resorts, casino owner
Steve Wynn purchased the Dunes in November 1992, for $75 million. He intended to demolish it and build a new resort in its place. An early idea was to build five or six complexes with approximately 500 rooms each, along with a small theme park. As the Dunes closed in January 1993, Wynn proposed including a man-made lake in his new project for
water skiing and
windsurfing. County officials questioned whether such a feature could be included following the passage of a 1990 water ordinance. A state expert found it unlikely that the lake would cause major soil sinking. The county modified the ordinance in February 1994, allowing Wynn to proceed with a man-made lake, on the condition that he honor his claim that it would use less water than the Dunes' former golf course. On October 17, 1994, Mirage Resorts announced plans to build the French-themed Beau Rivage resort on the land, at a cost of $700-$900 million. It would be surrounded by a 50-acre lake with guests entering by footbridges. The resort's designer,
Jon Jerde, had been vacationing on
Lake Como. Impressed by its beauty, he convinced Wynn to come see the area. While on the lake with friend
Paul Anka, Wynn noticed the nearby village of Bellagio, and spent half a day there. The village's Italian architecture inspired Wynn to scrap 10 months' worth of design work for Beau Rivage in favor of a Bellagio-themed resort. The Las Vegas project was revised and scaled back. Among the changes was a reduction in the size of the lake feature; Mirage Resorts determined that it would use too much water as originally planned. The hotel tower, originally planned at 49 stories, was also reduced. The design and planning process took a total of 28 months, dating to 1993. Wynn said "there was no need to rush the project. We wanted to get it right". Jerde's design firm spent a total of four years designing the project. Wynn's in-house design team, Atlandia Design, handled the interior. Aside from the Dunes, a
Denny's restaurant was also demolished to make way for Bellagio. Construction began on November 1, 1995, and the opening was initially scheduled for March 1998.
Marnell Corrao Associates served as general contractor. The project's cost increased several times, in part because of new features being added. A shortage of skilled workers also resulted in rising labor costs. It was financed through various lenders. Wynn envisioned Bellagio as a five-star resort catering to tourists who typically visit places other than Las Vegas, such as Paris, London, or Venice. as well as the "greatest" and "most beautiful" hotel ever. Before the opening, builders spent more than a year searching the western U.S. for mature
Japanese privets, which are capable of withstanding the dry Las Vegas heat. A deal was reached to remove approximately 30 privets from the government center in
Ventura County, California, and replant them at Bellagio, at a cost of nearly $10,000 per tree. The resort's pool area is surrounded by a Mediterranean garden that included nearly 300 pine trees, left over from the Dunes golf course.
Opening The opening was highly anticipated, and crowd-control measures were in preparation months prior. Mirage Resorts launched a $10 million advertising campaign which included 60-second television commercials, featuring opera singer
Andrea Bocelli. A pre-opening VIP party took place on the night of October 15, 1998, with 1,800 in attendance, including Nevada governor
Bob Miller. The public opening followed at 10:45 p.m. The property included 3,005 hotel rooms, a casino, and high-end shops and restaurants. The resort's main attraction was an 8.5-acre man-made lake, featuring a water show known as
Fountains of Bellagio. Other attractions included a
conservatory and the $285 million
Bellagio Gallery of Fine Art. More than half of the resort's revenue was expected to come from non-gaming amenities. Casino executive
Bobby Baldwin served as the resort's president. Bellagio received positive reception. The level of luxury would eventually inspire other Las Vegas resorts to become more upscale. Las Vegas developer
Irwin Molasky said, "In our lifetime we will never see another building or hotel with such beauty and grace". The newspaper's Steve Friess later called the opening a "pivotal" turning point in Las Vegas history: "The opening of a genuine luxury resort with great food, shopping and amenities was the most important step toward saying to the world, 'Vegas isn't tacky anymore'". Residents of the Bellagio village reportedly found few similarities with the resort.
Ownership changes and expansion When it opened, Bellagio's room rates averaged $200 a night, compared to $81 for most other Strip resorts. with the resort making $260 million in cash flow during 1999, more than $40 million short of Wynn's predictions. Plans for a 1,300-room addition were put on hold in March 2000, while Mirage Resorts finalized a merger with
MGM Grand Inc. The deal closed in May 2000, giving MGM Grand ownership of Bellagio. Wynn was not upset with the sale: "I've always been someone who focuses on the next project. The only part I ever enjoyed was the building, the design. I've always been the design guy". The company changed its name to MGM Mirage later that year, and Bellagio's cash flow improved under the new ownership, prompting reconsideration of the hotel expansion plan. Construction on the Spa Tower began in April 2003. It was
topped off a year later, and opened on December 23, 2004. It added 928 rooms, for a total of 3,933. By 2004, Bellagio was the most profitable hotel-casino in Las Vegas. In 2012, MGM and
Suning Real Estate announced plans to expand the Bellagio name with a 200-room hotel in Shanghai, which eventually opened in 2018. The sale was completed in November 2019. Under the deal, MGM acquired a five-percent ownership stake in the venture and continued to operate the resort through the lease. In July 2023, MGM Resorts announced an agreement with
Marriott International to bring its properties within Marriott's international reservations system and its
Bonvoy loyalty program. The new partnership, which began in 2024, has Bellagio marketed within
The Luxury Collection division of Marriott as Bellagio, a Luxury Collection Resort & Casino, Las Vegas. In August 2023, Blackstone sold a 21.9-percent stake in the resort to
Realty Income for $950 million. ==Features==