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For decades, recessions and lackluster economies have not prevented Las Vegas from developing new hotels—until now. Though the city is taking an uncharacteristic breather from building new properties, that hasn’t stopped existing ones from reinventing themselves. A 181-room Nobu boutique hotel opened within one of the towers at Caesars Palace, while THEhotel is being remodeled and rebranded as the Delano Las Vegas, a sister to the Miami Beach Delano, to be completed by the end of this year. Other famous names have also gotten facelifts: The MGM Grand completed an overhaul to its rooms, as did the Bellagio and Four Seasons. The Palms redid its rooms and suites to the tune of $50 million in an effort to attract an “over 30” crowd. Meanwhile, the former Sahara Hotel will be remodeled and renamed the SLS Las Vegas, a boutique luxury resort from the same company that manages SLS hotels in Beverly Hills and South Beach. It is expected to open in 2014.