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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 ft2
    Rooms: 3889

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