|
Who Owns Vegas
Las Vegas Hotels by Owner:
Who Owns What On The Las Vegas Strip
Last updated: November 27, 2009.
First published: October 2005.
By Andrew Hudson
For hotels listed by name, click here.
Home | Introduction | Top Players | New Projects | News
Hotels | Index | Timeshares | Links | Email
1/19/10: Carl Icahn may get the Fountainbleau for $156m through Icahn Nevada Gaming Acquisition LLC.
1/13/10: Las Vegas Monorail files for Chapter 11 bankruptcy protection.
11/27/09: CityCenter investor Dubai World may default, although partner MGM Mirage says this would not affect CityCenter.
11/26/09: Harrah's is attempting to buy Planet Hollywood, mainly for the location as it would give Harrah's control of all 126 acres between Flamingo Road and Harmon Avenue.
11/6/09: Planet Hollywood's owner BH/RE LLC defaults and its lenders have taken control of the finances.
11/3/09: Golden Nugget owner Landry's may go private with a buyout by Chairman, CEO and 55% owner Tilman Fertitta, cousin of Frank and Lorenzo Fertitta who control Station Casinos, Inc.
Hotels Bankrupt Today
(or "Who Doesn't Own Vegas"):
Read more at News.
Introduction
Want to own a Las Vegas hotel? You'll need company, or at least a company. Since Del Webb acquired the Sahara in 1961, the resort hotels of Las Vegas have been mainly financed, built and bought by corporations. When a new hotel costs billions of dollars (Wynn Las Vegas cost $2.7B in 2005), only groups that can tap equity and stock markets have big enough pockets to build something new. Talk about a big gamble.
Of the 131,503 hotel in Las Vegas (LVCVB 2006), MGM MIRAGE controls about one quarter and Harrah's controls about one eighth. About 40,000 rooms are under construction, bringing the room count to 171,276 by 2010.
Let's see who owns what.
Top Players | New Projects | News
Hotels | Index | Start
Sponsor:
Buy a discounted Las Vegas timeshare from HolidayGroup.com.
Click here to go to the list
|
|
|
