LAS VEGAS (KXNT) – Las Vegas drivers will continue digging into their pockets as the city’s fourth major hotel and gambling company, the Cosmopolitan of Las Vegas, announced plans Friday to begin charging for self-parking and valet services beginning next year.

Starting in early 2017, self-parking at the Cosmopolitan will cost $7 for 1 to 4 hours, $10 for 4 to 24 hours and an additional $10 for any period over 24 hours. Meanwhile, valet parking rates will be $13 for 1 to 4 hours, $18 for 4 to 24 hours with an added $18 a day once a vehicle has been parked over 24 hours.

Special event parking rates will also be in effect during major events or peak periods, including holidays. Nevada residents will not receive any discount on parking, although members of the hotel’s Identity Membership and Rewards program above Sterling status are eligible for free self-parking. Members at Gold status or higher are eligible to receive free valet parking.

Cosmopolitan President and Chief Executive Officer Bill McBeath told the Las Vegas Review Journal that the move came after close examination of activity in their self-parking garage. While the garage is routinely finding itself closer to capacity, that increase in traffic do not correspond the more business at the Cosmo, leading the company to determine drivers were regularly using the Cosmo’s parking facilities while they visited over Strip properties.

The Cosmopolitan’s decision follows similar moves by MGM Resorts, Caesars Entertainment and Wynn Las Vegas to begin charging for parking.

Despite the current trend, fellow Strip property owners at Las Vegas Sands, Boyd Gaming and Station Casinos have maintained their current stance of providing free parking to guests for the foreseeable future.

  1. Brady Moore says:

    Well, that has ended my trips to Las Vegas. I am finding my entertainment and gambling elsewhere. Indian casinos are happy to have the increased business and making their customers actually feel welcome not just another ATM machine to shake down for every last nickel.

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

More From CBS Las Vegas

CBSLocal App
Watch Live

Listen Live