Region Hotel & Casino Transactions
|April 17, 2007 - Maxim Hotel Brokerage Announces the Following First
Quarter 2007 Casino and Hotel Sales Transactions:
Nugget Casino and RV Park and Opera House Casino,
North Las Vegas, NV
Maxim represented a private Las Vegas seller in the sale of these two
well known locals-oriented casinos in North Las Vegas. Both are located
on N Las Vegas Boulevard and the Silver Nugget included 20 acres of land.
Both casinos have grandfather-protected licenses for non-restricted gaming.
The Las Vegas based purchaser plans to substantially renovate and expand
the facilities. North Las Vegas was the second fastest growing city in
the country in 2006.
Own Tavern & Slot Bar,
Maxim represented a Las Vegas based purchaser in the acquisition of
this property. The acquisition included almost an acre of fee simple land,
a 7,200 square foot building, along with the right to operate under a restricted
gaming license (15 machines) upon purchaser's approval by the Nevada Gaming
Authorities. New ownership intends to re-theme and concept the business
and expects to re-open in the summer.
Las Vegas, NV
Maxim represented a private Las Vegas based seller in the sale of this
property. The hotel is eight years old, included an indoor pool along with
an expansion parcel to develop additional guestrooms. The location is just
off N Las Vegas Boulevard and is proximate to Nellis Air Force Base. The
purchaser was California based, will retain the LaQuinta franchise and
was fulfilling their 1031 exchange.
Palm Springs, CA
Maxim represented a private Palm Springs based seller in the sale of this property. Korakia Pensione is one of Palm Springs' highest rated and most unique boutique properties, with nightly rates ranging up to $789 for its unique rooms. A Moroccan inspired breakfast inn, which consists of two historically renowned villas (the Moroccan and the Mediterranean) among 29 rooms, Korakia has been internationally recognized by the Times of London as one of the top small hotels in the world. An exclusive enclave in the Historic Tennis Club neighborhood, Korakia remains a popular rendezvous for an eclectic crowd, including renowned actors, writers, producers and photographers. Dramatic photo spreads of Korakia have also graced the pages of such leading consumer publications as GA, Jane, Arena as well as Vogue, Elle, Marie-Claire and their European counterparts. The purchaser was California-based and plans to continue operating the property as a high-end boutique.
Maxim Hotel Brokerage, Inc. is based in Newport Beach, CA with an office in Las Vegas. Our focus is on Western US hotel transactions with a specialty in gaming properties in Nevada. The company was formed in 2002 by Jack Carr (firstname.lastname@example.org) and Harry Pflueger (email@example.com). Please contact us to learn about our properties for sale, or if you are considering selling your property.
Maxim Hotel Brokerage
(949) 759-8739 Harry Pflueger
|Also See:||Maxim Hotel Brokerage, Inc. Arranges the Sale of the 60-room Holiday Inn Express - Green Valley, AZ / December 2004|
|Maxim Hotel Brokerage, Inc. Arranges the Sale of the 120-room Hilton Garden Inn Rancho Mirage, CA / October 2004|
|Maxim Hotel Brokerage and BCL Hospitality Advisors, LLC Structure the 711-room Hotel San Remo Casino and Resort – Las Vegas, NV and Hooters Joint Venture / September 2004|
|Maxim Hotel Brokerage, Inc. Arranges the Sale of the 128-room Hampton Inn – Las Vegas (Summerlin), NV / July 2004|
|Maxim Hotel Brokerage, Inc. Completes Three Deals in the 3rd Quarter / September 2003|