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The Siegel Group, Inc. is a full service commercial real estate firm based in Las Vegas, Nevada and Studio City, California.It is a developer and operator of multi-family, extended stays, flexible stays, retail, hospitality, hotel-casinos, and land development.
Tamares is the largest landholder in downtown Las Vegas, owning 40% of the land. [1] Tamares acquires and operates its properties. Today, Tamares Group holds a $3 billion portfolio. Its real estate holdings encompass 2.3 million square feet of office space. [2]
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]
In 2005, in partnership with JBG Smith, the company acquired the Marriott Wardman Park hotel from Thayer Lodging Group for $300 million. [4] In February 2007, the company acquired the BB&T Center for $117 million. [5] In June 2017, it sold the property to Arden Group for $148.8 million. [6]
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.
Dream Las Vegas is a boutique hotel and casino project proposed for the southern Las Vegas Strip in Paradise, Nevada. It is being developed by Shopoff Realty Investments and the real estate firm Contour. Dream Las Vegas was announced in February 2020, and construction was expected to begin within a year.
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Tamares Group is a global private investment group based in London. Tamares has international interests in real estate, finance, technology, communications, manufacturing, leisure and media. [1] [2] [3] The group invests in a number of different private [4] and public [5] companies, and in real estate properties. [6]
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