Trends of Restaurant Closings

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SteveT

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Jan 23, 2009, 10:53:31 AM1/23/09
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In addition to affecting room occupancy and rates, as expected, the economy
is beginning a taking its toll on dining in Vegas.

Just heard that TI has done away with their lunch buffet (M-F).
Grand Cafe Closed at GVR and possibly at other Station Casinos
Great Moments Room initially converted to coffee shop and now closed
permanently.
Riviera Food Court Closed
Hours being curtailed at many restaurants.

You'd think this would have affected the more upper scale restaurants first.
But haven't heard of any of these closing. The only shift there is that some
restaurants that offered lunch are no longer offering it and that some
restaurants that were not offering lunches are now offering it (assumed to
save money or increase revenue). Additiionally there seems to be many
upscale restaurants now offering prix fixe meals at relatively lower prices
but haven't heard of any closing their doors permanently.

I would think this would be the next shoe to fall: along with perhaps some
of the upscale clubs.

What's your thoughts?
--
SteveT

Walt

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Jan 23, 2009, 11:17:47 AM1/23/09
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In article <glclpp$6t5$1...@news.motzarella.org>, SteveT
<Ste...@nospam.com> wrote:

And two huge new Strip resorts, CityCenter and Fontainebleau, are due
to open this year, along with the M resort south of town and new hotel
towers at the Hard Rock and Golden Nugget, plus the Cosmopolitan in
early 2010, new timeshare towers at Planet Hollywood...

west...@hotmail.com

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Jan 23, 2009, 11:44:55 AM1/23/09
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China Spice is no longer listed on the GVR website.

Donkeydode

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Jan 23, 2009, 1:51:32 PM1/23/09
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"SteveT" <Ste...@nospam.com> wrote in message
news:glclpp$6t5$1...@news.motzarella.org...

> In addition to affecting room occupancy and rates, as expected, the
economy
> is beginning a taking its toll on dining in Vegas.
>
> Just heard that TI has done away with their lunch buffet (M-F).
> Grand Cafe Closed at GVR and possibly at other Station Casinos
> Great Moments Room initially converted to coffee shop and now closed
> permanently.

Converting Great moments Room to a coffee shop when LVC has had the Upper
Deck "brand" for 40+ years as the in house coffee shop was a curious
decision to start with. I think all that did was drive away the consistent
business GMR was getting from long time customers and kill off any new word
of mouth customers. It's not as if people were flocking to the LVC for their
coffee shop food, why not just reduce the size of Upper Deck and put it back
in the smaller downstairs space across from the restrooms were it was before
they moved it upstairs? Then keep GMR gourmet and only open on Thurs-Sun and
holidays? It's not like they don't have enough wasted space in the back of
that place to begin with so what if it's empty half the week.

Donkeydode

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Jan 23, 2009, 2:25:40 PM1/23/09
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"SteveT" <Ste...@nospam.com> wrote in message
news:glclpp$6t5$1...@news.motzarella.org...
> In addition to affecting room occupancy and rates, as expected, the
economy
> is beginning a taking its toll on dining in Vegas.
>
> Just heard that TI has done away with their lunch buffet (M-F).
> Grand Cafe Closed at GVR and possibly at other Station Casinos
> Great Moments Room initially converted to coffee shop and now closed
> permanently.

Converting Great moments Room to a coffee shop when LVC has had the Upper

Nonnymus

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Jan 23, 2009, 2:43:17 PM1/23/09
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SteveT wrote:
> In addition to affecting room occupancy and rates, as expected, the
> economy is beginning a taking its toll on dining in Vegas.
>
> Just heard that TI has done away with their lunch buffet (M-F).
> Grand Cafe Closed at GVR
>
> I would think this would be the next shoe to fall: along with perhaps
> some of the upscale clubs.
>
> What's your thoughts?

The Grand Cafe at GVR is no loss, IMHO. On the 3-4 occasions we've
tried eating there before a movie, the hostess has always told us
there's a "15 minute wait." On each occasion, we've seen many empty
tables and booths, but the hostess' standard reply is that they have no
server assigned to these. Poor, poor, poor management, IMHO.

--
Nonny
Some people are like a Slinky: not really
good for anything, but you still can't help
but smile when you shove them down the stairs.

Nonnymus

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Jan 23, 2009, 2:46:11 PM1/23/09
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IMHO, the upscale places who cater more to the visiting/conventioning
businessman with his American Express will get hit hard. With business
cracking down on the 7 martini lunch and "entertainment," it's not gonna
be much fun going on convention for a few years.

For those of you who are/were in the business community, what was the
most expensive dinner you ever hosted or attended?

flip

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Jan 23, 2009, 3:06:45 PM1/23/09
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Nonnymus wrote:
> For those of you who are/were in the business community, what was the
> most expensive dinner you ever hosted or attended?

That would be one of the meals I've had during transatlantic flights in
business class.
--flip,

JRogow

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Jan 23, 2009, 4:50:25 PM1/23/09
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"Nonnymus" <aw...@cox.net> wrote in message
news:e8pel.103842$zJ2....@newsfe23.iad...

> IMHO, the upscale places who cater more to the visiting/conventioning
> businessman with his American Express will get hit hard. With business
> cracking down on the 7 martini lunch and "entertainment," it's not gonna
> be much fun going on convention for a few years.
>
> For those of you who are/were in the business community, what was the most
> expensive dinner you ever hosted or attended?
> --

Probably any of the private sit-down dinners in suites at the Venetian or
Wynn served by white gloved waiters that I've enjoyed.

Fortunately, I didn't have to sign the cheque!


dixie hollins

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Jan 23, 2009, 5:21:43 PM1/23/09
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I paid +$600.00 for dinner, wine and service at Joel Rubochon's
Restaurant at the Mansion at MGM Grand. It was worth every dime. At
the end of the meal Chef Rubochon came to my table to make sure I was
satisified. Dixie.

Steve Harder-Kucera

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Jan 23, 2009, 5:37:31 PM1/23/09
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On Fri, 23 Jan 2009 14:21:43 -0800, dixie hollins wrote:

> At the end of the
> meal Chef Rubochon came to my table to make sure I was satisified.
> Dixie.

<--Insert "That Sounds Hot" Joke Here -->

JRogow

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Jan 23, 2009, 6:43:08 PM1/23/09
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"dixie hollins" <mikea...@yahoo.com> wrote in message
news:b71ba7bc-4cfe-4a19...@r15g2000prh.googlegroups.com...


He catered a meal in the courtyard at "the Mansion" a few years ago, with
wine parings, that was truly incredible.

Acres of linens, silver and crystal everywhere, and the most wonderful
foods and drink imaginable.

I remember huge scallops with whipped sour cream and caviar, petite
fillets mignon, salmon mousse, endive and asparagus salad, citrus sorbet
between each course, and the most imaginative desserts and breads.

We each received a "goodie" bag when we left that contained a sweet
and a split of wine.

I can't remember the company that hosted the feast , but the meal was
certainly unforgettable.

Another time, he catered a cocktail party in the same location. The linen
cocktail napkins were embroidered with "JR" and I asked if I could buy
them. The server looked at my name tag, noted that JR would work for me,
too, and said "I'll ask". When we left, I was handed a mini-tote containing
six napkins and a china "JR" wine saucer "compliments of the chef".

Luca Brasi

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Jan 23, 2009, 7:07:33 PM1/23/09
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You should have gotten a "happy ending" for that much

Thumper

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Jan 23, 2009, 7:11:06 PM1/23/09
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On Fri, 23 Jan 2009 14:21:43 -0800 (PST), dixie hollins
<mikea...@yahoo.com> wrote:

That will be the day that I would ever pay that much for dinner and I
can afford it. Thumper

Vickster

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Jan 23, 2009, 7:15:26 PM1/23/09
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On Jan 23 2009 6:43 PM, JRogow wrote:

> Another time, he catered a cocktail party in the same location. The linen
> cocktail napkins were embroidered with "JR" and I asked if I could buy
> them. The server looked at my name tag, noted that JR would work for me,
> too, and said "I'll ask". When we left, I was handed a mini-tote containing
> six napkins and a china "JR" wine saucer "compliments of the chef".

Now that's Classy and Great Service! Great story JR.....Vic

---- 
: the next generation of web-newsreaders : http://www.recgroups.com

Don Del Grande

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Jan 23, 2009, 8:26:23 PM1/23/09
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SteveT wote:

>In addition to affecting room occupancy and rates, as expected, the economy
>is beginning a taking its toll on dining in Vegas.
>
>Just heard that TI has done away with their lunch buffet (M-F).

No mention of the lunch buffet on the website.
(Too bad - reminds me of my first visit to Vegas, when I got to the TI
Buffet (back when it was still called Dishes, if I remember correctly)
at 4:00 assuming that the food at the dinner buffet would be different
from the lunch buffet, and when I was told that it wasn't, they let me
in at the lunch price.

No big loss - Cravings over at the Mirage is still open for lunch, and
is only a free tram ride away.

>Hours being curtailed at many restaurants.

I can see it now - each hotel will now have a "20-hour coffee shop"
(closed 2-6 AM)...except, of course, the places that have Denny's.

>You'd think this would have affected the more upper scale restaurants first.
>But haven't heard of any of these closing.

Aren't the upscale ones the ones that tend to do well, since most
people in Vegas want to go to at least one of these while they're
there? If most of the gaming is done at night, the tourists must be
out doing something in the daytime, and they're probably getting their
lunches while they're doing it.
I would expect the "generic Italian" places (e.g. Regale at Excalibur)
to go first.

-- Don

SteveT

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Jan 24, 2009, 3:48:29 PM1/24/09
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Walt:

Not sure what your point is since these were planned well before the current
economic climate surfaced and were well more than 75% complete. Do you think
if they hadn't been so far into the completion of these projects that they
would now go forward with these knowing what they now? They are so far into
these projects that they have no choice but to finish them and hope for the
best. Eighty percent complete unopened hotels bring in zero income.

So if your point is that these upscale facilities that will be coming on
line are an indication that the tide has turned, I can't agree. Though I'm
just trying to guess what your point is.

Maybe you could help me out rather than just enumerating a bunch of new
projects that will be forced to come online in a piss poor economy that
can't even keep the current supply of places bringing in enough income to
justify their existence (free rooms being given away at Encore and Pallazzo
to people like myself who have not come close to gambling at a high enough
rate to be in these rooms, etc, etc.) .And if this remains the case, then
this new additional supply will only make it worse for the owner's of these
places.

I realize many have said this before and have been wrong and I hope I am.

--
Steve
"Walt" <no...@none.void> wrote in message
news:230120091117474618%no...@none.void...

Walt

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Jan 24, 2009, 3:58:34 PM1/24/09
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In article <glfrf5$hgp$1...@news.motzarella.org>, SteveT
<Ste...@nospam.com> wrote:

> Walt:
>
> Not sure what your point is since these were planned well before the current
> economic climate surfaced and were well more than 75% complete. Do you think
> if they hadn't been so far into the completion of these projects that they
> would now go forward with these knowing what they now? They are so far into
> these projects that they have no choice but to finish them and hope for the
> best. Eighty percent complete unopened hotels bring in zero income.
>
> So if your point is that these upscale facilities that will be coming on
> line are an indication that the tide has turned, I can't agree. Though I'm
> just trying to guess what your point is.
>
> Maybe you could help me out rather than just enumerating a bunch of new
> projects that will be forced to come online in a piss poor economy that
> can't even keep the current supply of places bringing in enough income to
> justify their existence (free rooms being given away at Encore and Pallazzo
> to people like myself who have not come close to gambling at a high enough
> rate to be in these rooms, etc, etc.) .And if this remains the case, then
> this new additional supply will only make it worse for the owner's of these
> places.

Now you've got it. I was just enumerating the other facilities coming
online soon, with the implication that things would get worse before
they get better.

--- Walt

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