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- LoopNet Team
Suncoast
Las Vegas, NV 89145
Legacy GL Asset- Trophy Site in Vegas · Hospitality Property For Sale
·
427 Rooms
PROPERTY FACTS
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- Spa
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- On-Site Casino
- Convention Hotel
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
ABOUT SUNCOAST , LAS VEGAS, NV 89145
With the introduction of the Neighborhood Act of 1997 (SB 208), the subject property provides a gaming right oligopoly in Summerlin in the form of gaming entitlements that cannot be replicated. This allows for very little downside risk to potential investors as direct competition to the operations of this asset is very limited within the immediate vicinity. Moreover, the subject property received over $185 million in mprovements in 2000 ($275 million in 2019 dollars) and has a replacement cost of over $500 million. With its location in Summerlin, NV this is a truly rare opportunity to acquire a legacy asset, backed by a $7 billion enterprise (Boyd Gaming Corp.) with 35 years remaining of passive income (zero landlord responsibilities), on 49+ acres of land, with limited downside risk due to scarce land availability in Summerlin and legislative barriers limiting potential gaming competition.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 39 | $256.00 | - |
| Guest Room | 388 | $85.00 | - |
PROPERTY TAXES
| Parcel Number | 138-32-201-003 | Improvements Assessment | $63,803,157 |
| Land Assessment | $18,725,901 | Total Assessment | $82,529,059 |
PROPERTY TAXES
