According to a feature in the New York Times the Heartbreak Hotel will be demolished and Elvis' presence will return to Las Vegas.
From the article:
The 128-room Heartbreak Hotel, which stands across Elvis Presley Boulevard from Graceland, will be demolished, along with the visitors center. In their place, Mr. Sillerman plans two 400-room hotels, convention space, an entertainment complex, restaurants, shops, an outdoor amphitheater and a spa.
Moreover, if Mr. Sillerman has his way, Elvis will become a big presence again in Las Vegas, in an interactive museum exhibit and Elvis theme show that Mr. Sillerman hopes will attract millions of visitors a year. Tapping Elvis's international popularity is next: Mr. Sillerman envisions a 15,000-square-foot exhibit that will travel around the world.
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