Closed Lucky Dragon resort increasing for auction

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Sam Morris/Las Vegas News Bureau The Lucky Dragon resort is seen on Sahara Avenue on Tuesday, Nov. 29, 2016, ahead of its grand opening on Dec. 3, 2016. By contact) Friday, Oct. 12, 2018|10:30 a.m. The shuttered Lucky Dragon hotel-casino near the north end of the Strip is set to be sold to

the highest bidder later on this month. Constructed for$ 160 million in 2016, the property is going up for auction Oct. 30. The home consists of a 203-room hotel, a 27,500-square-foot casino floor, space for 5 restaurants and bars, a medspa, outside swimming pool, fitness center, retail space and 408 parking areas on 2.51 acres fronting Sahara Avenue, simply west of the Strip. “For the right visionary and owner, this site and amenity-rich property represents an exceptional chance to own a premium Las Vegas hospitality property clearly located in between the progressing north end of the Strip and the entrance to downtown Las Vegas,” Michael Parks, senior vice president of CBRE, an industrial property company assisting broker the offer, stated in a statement.” The instant location is marked by the continuous advancement of Resorts World; reimagination of the Drew, previously known as Fontainbleau; a recently revealed$ 100 million reinvestment in SLS; growth and

advancement of the Convention Center district; and 38 acres just recently obtained by Wynn north of Style Show,” Parks said. The winning bidder will take control of the Asian-inspired resort with a clear title. The auction is set for 10 a.m. Oct. 30 at the Nevada Legal News structure, 930 S. 4th St., in downtown Las Vegas.

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