Mortenson Development is getting ready to pour a whole lot of concrete near the Las Vegas Convention Center, with a dual-branded AC Hotel and Residence Inn by Marriott slated to break ground on June 15, 2026. The 233,330-square-foot project, planned directly adjacent to the LVCC at 2989 Paradise Road, is set to bring 397 keys to the corridor: 237 AC Hotel rooms paired with 160 Residence Inn suites. The developer is targeting a summer 2028 opening, positioning the property as a purpose-built home base for convention attendees, business travelers and extended-stay guests who want to stick close to the show floor.
Developer Closes the Deal and Locks in Cash
In a press release via Mortenson Development, the company confirmed it has closed on the Paradise Road site and secured construction financing, clearing the way for a ceremonial groundbreaking on June 15. Mortenson will act as both developer and builder, with plans to merge AC Hotel's European-inspired look and feel with the Residence Inn brand's extended-stay functionality in a single structure. "Las Vegas continues to be one of the most dynamic hospitality and convention markets in the country," Nate Gundrum, Mortenson's vice president of development, said in the release.
Inside the Dual-Branded Layout
The property is set to feature meeting and event space, a fitness center, a coffee bar and retail market, a Residence Inn lounge with complimentary breakfast, plus a rooftop pool deck and AC Hotel lounge with skyline views, Travel Weekly reported. By stacking lifestyle-focused AC Hotel rooms alongside Residence Inn suites, the building is designed to give planners and operators flexibility in how they house different groups, smoothing demand across packed convention weeks and more leisure-heavy weekends. At roughly 233,330 square feet, the project is intended to be a sizable new entry in the Convention Center corridor's hotel lineup.
Why This Stretch of Paradise Road Is Prime
Data from the Las Vegas Convention and Visitors Authority puts convention attendance at about 6.0 million in 2025, a figure that keeps midweek hotel rooms near the LVCC firmly in the "hot commodity" category. That steady convention business has helped bolster weekday occupancy across the market and makes walkable proximity to the halls a premium for developers and institutional buyers alike. For meeting planners and show organizers, having more rooms within easy reach of the exhibit floors is a practical win that can simplify everything from room blocks to shuttle runs.
Big Check, Dust Permit and a Familiar Playbook
Apple Hospitality discloses a forward-purchase arrangement tied to a dual-branded AC Hotel and Residence Inn in Las Vegas with an anticipated purchase price of roughly $143.7 million. On the local side, Clark County lists a dust-control permit for "Residence Inn And AC Hotel" at 2989 Paradise Road, with Mortenson identified as the contact, signaling that permitting for site work is in motion. Pairing a forward-purchase owner with a design-build developer is a standard play in the convention-hotel world, aligning long-term investors with a team that can control costs and schedule.
Timeline and What Locals Will Be Watching
Mortenson is projecting a summer 2028 completion, which would put the new rooms in circulation ahead of a busy convention calendar the following year. With the ceremonial groundbreaking slated for June 15, the next visible steps will be site mobilization, crane staging and the traffic coordination that typically accompanies a major build near the LVCC. Neighbors, local officials and meeting planners alike will be tracking how quickly the project moves from demolition and excavation to vertical construction and, eventually, another lit-up tower on the Convention Center corridor.
