Former Vegas Riviera Hotel Land Parcel Sold For $120M – Law360

Through Joyce Hanson (October 14, 2021, 7:00 PM EDT) — The Las Vegas Conference and Guests Authority’s board of administrators mentioned it has unanimously licensed the $120 million sale of a primary 10-acre land parcel at the Strip to a Chilean casino lodge operator, who has agreed to expand the valuables as a resort or lodge.

The ten acres of land offered for $120 million via the Las Vegas Conference and Guests Authority have been in the past a part of the Riviera Lodge, which used to be demolished in 2015 and 2016. (AP Photograph/John Locher, record) CB Funding SpA, an organization owned via South American businessman and actual property magnate Claudio Fischer, is purchasing the ten…