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In 2007, Whitehall Street Real Estate Funds, who owned 40% of the Las Vegas Hilton and was a passive investor in other casino properties, made an offer of $1.3 billion for the four properties. The appraisal assigned a value of $718 million to the land under the four properties. The buildings were worth $366 million.
In 2009, Siegel Group purchased the closed St. Tropez, a 150-room hotel in Las Vegas across from the Hard Rock Hotel. [7] The company renovated and reopened it in 2010, as a boutique hotel called Rumor. [8] [9] Siegel eventually sold Rumor in 2017, to a group of Hong Kong buyers who renamed it Serene Vegas. [3]
Vici more than doubled its size in 2022 by acquiring MGM Growth Properties and the Venetian complex on the Las Vegas Strip. Vici purchased the real estate of the Venetian complex from Las Vegas Sands in February 2022 for $4 billion. [37] [38] The acquisition included the Venetian and Palazzo casino hotels and the Sands Expo convention center. [38]
As its original businesses were sold, Summa recast itself as a real estate developer, using the vast tracts of undeveloped land Hughes had amassed around Las Vegas as a starting point. In September 1994, Summa Corporation was renamed The Howard Hughes Corporation, both to honor Howard Hughes and to fulfill his original intentions of keeping his ...
SITE Centers Corp. (formerly DDR Corp. and Developers Diversified Realty, Inc.) is a publicly traded real estate investment trust that invests in shopping centers. Founded in 1965 by Bert Wolstein , the company is headquartered in Beachwood, Ohio .
The developer, 3700 Associates, was a joint venture formed by David Friedman (a former Las Vegas Sands executive), Ian Bruce Eichner (a real estate developer), and Soros Fund Management. [ 3 ] [ 4 ] [ 5 ] The development group purchased the future site of the resort for $90 million, from a company controlled by Margaret Elardi, former owner of ...
The Tropicana Las Vegas was a casino hotel on the Las Vegas Strip in Paradise, Nevada. It operated from 1957 to 2024. It operated from 1957 to 2024. In its final years, the property included a 44,570 sq ft (4,141 m 2 ) casino and 1,467 rooms.
Archon Corporation is an entertainment company based in Laughlin, Nevada. The company has owned casinos and water parks. Members of board of directors include State Senator Sue Lowden who was chairwoman of the Nevada Republican Party and State Senator Bill Raggio. [1] Lowden is also executive vice president, secretary and treasurer for the ...