Sentral expands its portfolio into a new market with a management contract at the Otonomus Hotel in Las Vegas.
"We see a growing demand for curated lifestyle experiences that are community-focused, and this presents opportunities for owners to grow their revenue and NOI," Sentral President Lisa Yeh said in a statement.
Otonomus Hotel, developed by Growth Holdings, is located blocks from Allegiant Stadium and the Las Vegas Strip and is slated to open in early 2025. It is the first of a new, AI-driven, sustainability-focused hotel concept that provides a full array of premium hospitality services that can be managed and customized using a dedicated mobile app. Among the services available are Tesla V3 Superchargers that deliver up to 250kW to each connected vehicle, resulting in significantly reduced charging times.
The hotel will be made up of 60 percent hotel rooms and 40 percent apartments, including both traditional 12-month leases and designer-furnished short-term rentals.