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CASINO & HOTEL FOR SALE IN LAS VEGAS

650,000,000 USD
Las Vegas
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Property Description

 3,889-room, 68-story hotel
Fontainebleau Las Vegas was expected to include:
 
  • 95,000 sq ft casino
  • 60,000 sq ft spa
  • 3,300-seat performing arts theater
  • 1,018 condo-hotel units
  • 180,000 sq ft of retail space
  • 400,000 sq ft of indoor and outdoor conference space
  • 24 restaurants and lounges

The cost to finish the construction maybe between $600 to $800 million.

  • There are over 600 units of condo suite which are already completed.
  • These were converted into a time share.
  • The new owner can start marketing these units while construction to finish the casino is in progress.
  • Even if they sell it at a conservative price of $30K per unit share for 50 weeks of time share, then the gross revenue would be over a billion.
  • There are hotels, conference rooms, restaurants, etc and the casino that are also source of income.

§    Asking price: US $650m +2% Buyer fee

Area:
Zip: new025
Country: United States
Property Id: 19816
Price: 650,000,000 USD
Property Size: 60,386 m2
Rooms: 3889

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