Las Vegas Sands announced today that it has signed an agreement with Starwood Hotels and Resorts Worldwide, Inc. to develop the St. Regis 398 unit private luxury Residences currently under construction between the Palazzo and the Venetian resorts right on the populated Las Vegas Strip.

"The St. Regis name is synonymous with luxury and when it is combined with preferred access to the world-class amenities of The Venetian Resort and Casino and The Palazzo, there is little doubt that this residential product is one of the most compelling and exciting in the world. Those fortunate enough to purchase at The St. Regis Residences will have the rare opportunity to own a residence that is part of two world-class resorts in the heart of one of the most famous streets in the world." said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp.

Expected to open in March, 2010, the St. Regis Residences will offer owners the famed features and luxury services that make the St. Regis brand so famous worldwide, including, butler service with butlers trained according to the English tradition, customizable rooms and some of the best accommodations in the world. The interiors and decoration have being selected to please even the most demanding customers. Buyers can also purchase fully-furnished "move-in ready" units that include furniture packages from celebrated designers. Residences will range in size from 1,700 to over 10,000 square feet for a duplex villa with private pool. According to Las Vegas Sands, the total sales for all units could reach the $2 billion total.

"The interiors of these units will be among the finest in the world, with no detail overlooked, no expense spared, and each created by an all-star branded design team. Along with superior design and the property's exclusive amenities, every one of these residences will be further enhanced by the breathtaking views each will have of the Strip and the surrounding Las Vegas valley." said Adelson.

Adelson said that what makes the St. Regis Residences so unique and exclusive is its proximity to two of the Las Vegas hottest hotels. The Venetian resort and Casino and its “little” sister, the Palazzo feature some of the most luxurious and exclusive variety of restaurants and shows as well as some of the best stores in town that include brands such as Barneys New York, Bottega Veneta, Burberry, Christian Louboutin, Diane Von Furstenberg, Catherine Malandrino, Tory Burch, Fendi, etc.

"The St. Regis Residences at The Venetian Palazzo, Las Vegas will provide its occupants a private, secure sanctuary combined with instant access to more than 30 world-class restaurants, two state-of-the-art spa and fitness facilities, four exciting theatres, and more than 150 premium retailers. The glamour and excitement of the Las Vegas Strip will literally be right at your doorstep  where else in the world would residents of a high rise be able to go downstairs every night and choose between Mario Batali, Emeril Lagasse, Wolfgang Puck, Thomas Keller, or Charlie Trotter for dinner?" concluded Adelson.