The skyline of the Las Vegas Strip will be changing once again, as a new hotel is slated to take up 5.25 acres on Las Vegas Blvd.

In a deal with Shopoff Realty Investments and Contour, the new hotel will be located one mile from Mandalay Bay Resort. Construction on the 450-room luxury hotel will begin in early 2021.

Dream Hotel Group will manage and brand the hotel, which will have 56,000 square feet of food and beverage space, a rooftop nightclub, pool deck, 12,000 square foot ballroom and meeting space, full-service spa, fitness center, and parking garage.

“There is no shortage of mega-resorts in Vegas, but there is when it comes to boutique hotels that offer a more intimate experience,” David Daneshforooz, CEO at Contour said in a statement. “A ground-up Dream hotel with its world-class food and beverage offerings is a perfect boutique addition to the Las Vegas Strip for visitors seeking a more intimate experience.”

Las Vegas A view of the 'Welcome To Fabulous Las Vegas' neon sign is seen before Earth Hour in Las Vegas, Nevada, March 27, 2010. The Nevada Gaming Commission formally classified daily fantasy sports as a form of gambling on Thursday. Photo: Reuters