View Single Post
Old 03-04-2005, 05:11 PM  
arg
Confirmed User
 
Join Date: Feb 2003
Posts: 1,164
I assume this is more of a joke, but if you're even casually contemplating it, there are a lot of casino regulations in Vegas, among them (at last check) are a prohibition on mixing casinos and stripclubs. There's a lot of corporate pressure to change that, but last I heard, they were still in place.

Also, at that price, I assume you're talking way off the strip, and are looking to raise $100 million as collatoral, with the rest financed. If you were thinking $100M without financing, it does not sound viable to me...either the hotel would be too small to support the other services, or it would be crappy, which doesn't sound like the market you're targetting. Old hotels on the old end of the strip are going for $500+ million, just to rip them down, and those new add-on towers the main hotels are adding can be $500+ million a pop for under 1000 rooms...and that's considered a savings because they already have the casino, restaurants, and other shared resources from the main hotel to keep the costs down.
arg is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote