Crown Resorts desires to produce a deal for its vacant acreage in the Strip just north of Fashion Show Drive in Las vegas, nevada, but only for the right price.
Crown Resorts is offering its land that was said to be the house of Alon vegas, while the property comes with some instead prominent neighbors.
In late 2016, Crown announced it was abandoning Alon, a planned casino that is 1,100-room across from Wynn nevada. The Australian hospitality and entertainment conglomerate happens to be looking to market the 34.6 acres where the project had been become built for $400 million.
And the massive listing cost includes a caveat: the buyer is actually just getting ownership in 18.4 acres, since the remaining 16.2 comes part of the package through a rent. Meaning each acre fully purchased will be sold at $21.7 million.
CBRE Group, a realty firm that recently executed the Las Vegas Raiders’ land purchase, is listing the property. The commercial realtor says the Alon location warrants the price.
‘This is one of the very most exciting properties to become for sale in nevada in a time that is long’ CBRE broker John Knott stated in a press release.
Crown Resorts’ largest shareholder remains its founder, James Packer. The billionaire resigned from serving as chairman in August of 2015, but remains an active director.
Should Knott be able to find a buyer for Crown’s property, the purchase would deliver Continue a ler sobreCrown Resorts Looks to market Las Vegas Property for $400 Million …