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The Chip Board Archive 17

LAND NEXT TO HARD ROCK SOLD ncr

W Land Sold

We knew it wouldn't take long and it certainly didn't, the dead-as-a-dodo W Las Vegas project has sold the large parcels of land along the Harmon Corridor to a partnership group that includes investment giant Africa Israel, NYC investor Steven Witkoff, the Cipriani family and Credit Suisse for $625 million on Sunday. According to reports, the group plans on developing the land into several different projects including multiple hotels, one that would carry the Cipriani name, a casino and large commercial and retail areas. The group is conservatively estimating a 2012 opening for the projects, which would eventually stand back-to-back with the Hard Rock Hotel and their now green-lit expansion project.

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