Located at 5051 S. Las Vegas Blvd on the world famous Las Vegas Strip, this vacant 5.25-acre parcel was acquired in a joint venture with Contour on February 2020. The property is located less than one mile from the Mandalay Bay Resort, and provides close access to McCarran International Airport, the new Allegiant Stadium (home to the National Football League’s Las Vegas Raiders), the T-Mobile Arena (home to the National Hockey League’s Las Vegas Golden Knights), as well as the numerous hotel and casinos along S. Las Vegas Blvd.
Shopoff and Contour will complete the design and gain all approvals in order to begin construction, which is anticipated to commence in early 2021. The vacant site will then be transformed into a full-service luxury hotel with 450 guest rooms (branded and managed by Dream Hotel Group), 56,000 square feet of food and beverage space including a rooftop nightclub, pool and deck, 12,000 square feet of ballroom/meeting space, a full-service spa, fitness center, and dedicated parking.
In addition to securing Dream as hotel management, since acquisition the preliminary site plans and architecture have been prepared and a preliminary application was submitted. Two interior design firms have also been selected for the project.
This property is one of the number of properties that are managed by Shopoff Realty Investments, and owned by closed investment funds. For the remainder of the properties "click here"
This is neither an offer to sell nor a solicitation of an offer to buy any security. An investment in a Shopoff limited partnership involves a high degree of risk, including the possible loss of your investment, and is illiquid with an uncertain liquidity date. Past performance is not indicative of future results. Securities offered through Shopoff Securities, Inc., member FINRA/SIPC.