It would be Station Casinos' largest and most expensive resort, and would compete against the nearby Suncoast and Rampart casinos. Construction was expected to take approximately 15 months, with a cost of more than $300 million.

Station Casinos expected to complete its purchase of the land by June 2003, with construction scheduled to begin late that year or in early 2004. The company had until October 2002 to purchase the property for a total of $65 million. That month, Station Casinos announced plans to build a then-unnamed hotel-casino on the property. In July 2002, Station Casinos and Howard Hughes Corporation made a deal that gave Station Casinos the option to purchase a 73-acre (30 ha) (later 67.6 acres) site in Summerlin, Nevada, at the southeast corner of the Las Vegas Beltway and west Charleston Boulevard. The hotel tower is the second tallest building in Summerlin after One Queensridge Place. A six-month, $35 million expansion was announced in 2014, and included the addition of several new restaurants. A separate $65 million expansion also occurred during 2006, and included a $31 million bowling alley, the most expensive in the world. Red Rock Resort was Station Casinos' most expensive property, built at a cost of $925 million, including a hotel expansion that opened in 2007. Groundbreaking began in April 2004, and the resort was topped off in March 2005, before opening on April 18, 2006, as the second casino in Summerlin. A compromise was ultimately reached in January 2004, reducing the hotel tower to 198 feet while removing the timeshare aspect entirely.

In October 2003, the project received opposition from people who believed that it would harm the quality of life for Summerlin residents and that it would destroy the views of Red Rock Canyon. The project initially was to include a 23-story, 300-foot hotel tower with 1,000 rooms, as well as timeshare buildings that would be added in a future phase.

The project was announced in July 2002 and is named after the nearby Red Rock Canyon National Conservation Area. It is Station Casinos' flagship property, and the company's corporate headquarters is located on the property. It is owned and operated by Station Casinos on 59.43 acres (24.05 ha) located in the Downtown Summerlin neighborhood. Red Rock Resort is a hotel and casino in Summerlin South, Nevada, located in the Las Vegas Valley.

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