The info is a little bit vague, but from what I gather, this is the 600 room high end boutique resort. I believe that it is Contemporary/Hollywood (LA) themed. And may include amenities like a roof top infinity edge pool, a small spa, and probably another Signature restaurant.
On the WnW plot, a large 4 star lake front convention hotel and a large family suites hotel along with an attraction. These hotels will have more theme park/LV type theming.