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Tharaldson Hospitality Management Opens Las Vegas City Center Homewood Suites

 

November 21, 2017- Tharaldson Hospitality Management is pleased to announce the opening of their 38th hotel the Homewood Suites by Hilton Las Vegas City Center, located a half mile from the Las Vegas Strip. Tharaldson Hospitality Management owns and operates the 158 all-Suite hotel, located at 4625 Dean Martin Drive, Las Vegas, Nevada. Not only is the hotel close to the Entertainment Capital of the World, but also conveniently close to all five Las Vegas Convention Centers, 4 miles from the McCarran International Airport, and 30 minutes away from several golf courses.

Designed for guests who want to travel on their own terms, Homewood Suites Las Vegas City Center offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 158 new suites, the hotel will cater to the 42.9 million people visiting Las Vegas annually.*

“Homewood Suites by Hilton Las Vegas City Center puts our guests in a great location and offers tremendous value-added amenities and conveniences that appeal to extended-stay or overnight travelers who want to be comfortable and cost-conscious,” said Adrian Kurre, global head, Homewood Suites by Hilton.  “The city of Las Vegas is not only known as a hub for conventions and events but is also a prominent destination for leisure and business travelers, and we are excited this new property will directly serve visitors seeking a unique extended-stay hotel in this vibrant city.”

The Homewood Suites by Hilton Las Vegas City Center hotel features a wide range of inclusive perks to help guests feel at home. Start the day with complimentary hot full breakfast, and enjoy the complimentary evening social, Monday through Thursday. Get snacks, chilled meals and sundries from the 24-hour Suite Shop or enjoy the convenience of the grocery shopping service**. Stay active while on the road, with a modern fitness center and a large outdoor heated pool with a waterfall feature and a separate whirlpool tub. Stay connected to the office with the 24-hour business center. This extended stay hotel has a 660 sq. ft. meeting room for your next corporate or social event in Las Vegas. The Homewood Suites by Hilton Las Vegas City Center offers a combination of studio, one- and two-bedroom accommodations. Each sophisticated suite at the extended-stay Las Vegas hotel features a fully equipped kitchen with a refrigerator, microwave, two burner stove and dishwasher to make you feel at home. Enjoy separate living and sleeping areas, complimentary internet access, work desk with ergonomic chair, flat-screen TV and a sofa bed.

Homewood Suites by Hilton Las Vegas City Center participates in Hilton’s award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton Honors app, where Honors members can check-in, choose their room, and access their room using a Digital Key. For more information or to make a reservation, visit Homewood Suites Las Vegas City Center or call +1 702 598 0101.

 

Read more about Homewood Suites by Hilton at www.homewoodsuites.com and www.news.homewoodsuites.com.

 

*Source: Las Vegas Sun

**Guest pays for groceries. Other restrictions apply.

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Tharaldson Hospitality Management Opens Staybridge Suites Columbus Polaris

Tharaldson Hospitality Management, is pleased to announced the opening of the Staybridge Suites® Columbus Polaris, an Intercontinental Hotel Group brand, in one of the most impressive shopping destinations in Columbus with an annual visitor rate exceeding 12 million visitors. The 119 all-Suite hotel is located at 9090 Lyra Drive, Columbus Ohio.

Aimee Fyke, Chief Operating Officer, Tharaldson Hospitality, said, “As part of IHG’s family of brands, Staybridge Suites® Columbus Polaris endeavors to provide guests with the best extended-stay experience possible. We believe our unique offering, coupled with an excellent location at Polaris Centers of Commerce will allow Staybridge Suites® Columbus Polaris to serve the needs of families, leisure, and business travelers alike”.

The hotel’s connection to the Polaris Fashion Place and proximity to new IKEA Columbus Home Furnishings and Tanger Factory Outlet, make it an attractive location for families as well as transient guests to Columbus. Business travelers can now choose this ideal location situated at Polaris. The hotel is off I71 which provides a commute of less than 15 minutes to John Glenn International Airport and the hotel is also close to downtown Columbus, allowing guests to reach the center of the city in less than 20 minutes.
“We are delighted to partner with IHG with the launch of Staybridge Suites® Columbus Polaris. The Polaris area economy continues to grow as a commercial hub for JP Morgan Chase and industries such as engineering, real estate, construction, and IT/telecommunications. This means an ever-increasing number of visitors who need long term or extended stay options. Staybridge Suites® Columbus Polaris offers business travelers a world-class extended stay experience whenever they make Polaris their home-away-from home”, said Rachel Marchant, General Manager.

Staybridge Suites Polaris hotels cater to extended-stay travelers and offer competitive rates to business travelers. Guests will be able to choose from a selection of three suite configurations (deluxe studio, one-bedroom and two-bedroom/2bath). Staybridge Suites® Columbus Polaris offers a home-like, upscale extended stay with a feeling of community with free Wireless Anywhere, suites with more space and a full kitchen, evening receptions and complimentary hot breakfast. There are also full-sized storage units, huge great room with two-story stone gas fireplace, business center, heated indoor pool, fitness center, gas fire pits and we are pet friendly. At Staybridge Suites Columbus Polaris, they know that being on the road means balancing work,
family and friends, so they will go out of their way to make your travelers stays enjoyable while keeping them connected to what matters most.

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Tharaldson Hospitality Management Opens Residence Inn in Denver, Colorado

 

Denver, CO – June 1, 2017 – The 112-suite Residence Inn by Marriott in Denver, Colorado is scheduled to open  June 1, 2017. Located at 4667 North Central Park Boulevard, the all-suite Residence Inn Denver Stapleton will operate as a Marriott franchise, owned and managed by Tharaldson Hospitality Management of Decatur, Illinois. This is Tharaldson Hospitality Management‘s 36th hotel.

Located 15 minutes from downtown Denver and 17 miles from Denver International Airport, the Residence Inn Denver Stapleton offers its guests convenient access to Dick’s Sporting Goods Park, the Denver Zoo, Elitch Gardens, the Denver Art Museum, the Downtown Aquarium, Denver Botanic Gardens and Cherry Creek State Park. Rates vary depending on length of stay.

 

“We are pleased with the continued growth of Residence Inn hotels in the Denver area,” said Diane Mayer, vice president and global brand manager, Residence Inn. “When on the road for an extended period, our guests need space to spread out, maintain their life’s pace and restore their energy to help them maintain a healthy balance and routine while traveling. This new hotel offers them a seamless blend of modern style and functionality that allows them to settle in and thrive.”

Residence Inn properties are designed as all-suite hotels that offer studio, one-bedroom and two-bedroom suites. Guests looking for a revitalizing sleep experience will enjoy the hotel’s plush mattresses and crisp linens, while guests focused on being productive will value their suite’s large, well-lit work desk, ergonomic chair and complimentary high-speed Internet access. Designed for stays of five nights or more, each suite also has a fully-equipped kitchen with a coffeemaker, microwave oven and residential-sized appliances.

The Residence Inn Denver Stapleton rotates a wide selection of healthy choices at our free hot breakfast every day. Start with favorites like bacon and eggs, Greek yogurt, cut fruit or waffles and make it yours with our extensive toppings, ranging from fresh spinach and cheese to sliced almonds and strawberries. Enjoy all the options you need to start your morning with endless possibilities.

 

Extending the feeling of comfortable living on the road, the Residence Inn Denver Stapleton offers guests inviting and functional public spaces to relax or collaborate. Road warriors and families alike enjoy the hotel’s grocery delivery service, complimentary Wi-Fi, 24-hour onsite food and beverage market, dry cleaning services, and onsite guest laundry room. The hotel’s weeknight evening gatherings (Monday – Wednesday) – the MIX offer a casual, relaxing environment where guests can be as social as they want, while enjoying premium beers and connection to local flavors. Other hotel amenities include an indoor swimming pool, exercise room, Sport Court®, and maintains a business library where guests can fax, copy and print materials. The Residence Inn Denver Stapleton also offers 600 square feet of meeting space to accommodate functions of up to 32 people.

 

About Residence Inn by Marriott

Residence Inn by Marriott is the global leader in the extended-stay lodging segment, with more than 700 properties located in 10 countries and territories. Designed for long stays, the brand offers spacious suites with separate living, working, and sleeping zones. Fully functional kitchens; grocery delivery service; 24-hour markets and complimentary breakfasts help guests maximize their time and thrive while they travel. The RI MixÔ evening events afford guests the opportunity to socialize and connect with the local community. Each Residence Inn offers free Wi-Fi in both public and guests spaces to ensure continuous connectivity while on the road. As a member of the Marriott International portfolio, Residence Inn is proud to participate in the industry’s award-winning loyalty program, Marriott Rewards® which includes The Ritz-Carlton Rewards®. Members can now link accounts with Starwood Preferred Guest® at members.marriott.comfor instant elite status matching and unlimited points transfer. For more information or reservations, visitresidenceinn.marriott.com. For travel tips, the latest on the brand or to connect with other travelers, “like” Residence Inn on Facebook and follow @ResidenceInn on Twitter and Instagram.

 

 

 

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Tharaldson Hospitality Management Receives Prestigious Marriott Award

May 1, 2017

We are proud to announce Marriott International recently awarded Tharaldson Hospitality Management with the Partnership Circle Award. The Partnership Circle Award is Marriott International’s most prestigious award. Marriott presents this award to its franchise partners for hospitality excellence. It takes into account a company’s portfolio size with Marriott Select brands, the development pipeline, and the company’s evident commitment to running great hotels. Marriott also considers financial standing and support of implementing major initiatives in hotels. Winning the Partnership Circle award is a reflection of appreciation that Tharaldson Hospitality Management embodies the spirit of Marriott International’s philosophy of “Take Care of the Associate and the Associate will take care of the Guest”. We appreciate all the hard work from our team members into making THM an Award-winning company!

 

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Hilton Garden Inn Phoenix/Tempe ASU Area Opens Today!

 

Tempe, Arizona- Tharaldson Hospitality Management is proud to announce the opening of their 35th hotel today, the Hilton Garden Inn Phoenix/Tempe ASU Area.

Developed and owned by Tharaldson Hospitality Management LLC,  Hilton Garden Inn Phoenix/Tempe ASU Area provides an excellent option to those coming to the city to visit family members at the nearby university or in town for an alumni event.

Rest and relax in the stylish guest rooms or upgrade to a suite for even more space. Each  of the 121 rooms feature modern conveniences including a microwave, refrigerator, and an innovative Garden Sleep System bed. Guests are also provided all the essentials needed for a comfortable and convenient stay – enjoy a freshly prepared breakfast & dinner in the Great American Grill or enjoy a night in with room service, complimentary WiFi and snacks available at the 24 hour Pavilion Pantry. Hilton Garden Inn Phoenix/Tempe ASU Area also makes it easy for travelers to unwind with an heated

outdoor pool and fitness center.  The Hilton Garden Inn Phoenix/Tempe ASU Area hotel offers a flexible meeting space for up to 150 guests. Located at 2104 E Rio Salado Parkway, Hilton Garden Inn Phoenix/Tempe ASU Area is conveniently located near the 101 Freeway and 202 Red Mountain Loop. The hotel offers guests convenient access to local office districts, the Chicago Cub Stadium spring training facilities, Arizona State University and golf courses. The property is adjacent to Tempe Marketplace with multiple dining, shopping and entertainment options. Guests may also take the light rail downtown to the Phoenix Convention Center, Chase Field, or Talking Stick Resort Arena. A complimentary shuttle service to Phoenix Sky Harbor International Airport and within a five-mile radius of the property is also available.

Hilton Garden Inn Phoenix/Tempe ASU Area participates in Hilton’s award-winning customer loyalty program, Hilton HHonors®. Hilton HHonors members who book directly through preferred Hilton channels have access to benefits including an exclusive member discount, free standard Wi-Fi, as well as digital amenities that are available exclusively through the industry-leading Hilton HHonors app, where HHonors members can check-in, choose their room, and access their room using a Digital Key.  For more information or to make a reservation, visit Hilton Garden Inn Phoenix/Tempe ASU Area or call +1 480 968 2180.

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Tharaldson Hospitality Management Adds Residence Inn Springfield, Va To Portfolio

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(Springfield, VA) – March 07, 2017 – The 160-suite Residence Inn by Marriott in Springfield, VA has transferred management from Marriott International, to Tharaldson Hospitality Management. Located at 6412 Backlit Rd, the Residence Inn Springfield Old Keene Mill will operate as a Marriott franchise, owned and managed by Tharaldson Hospitality of Decatur, IL.

 With a prime location, adjacent to I-495 (Capital Beltway) and close to Regan International airport, the Residence Inn Residence Inn Springfield Old Keene Mill Rd offers its guests convenient access to Fort Belvoir, Springfield Town Center, and Old Town Alexandria. Rates vary depending on length of stay.

 “We are pleased with the continued growth of Residence Inn hotels in the Springfield, VA area,” said Diane Mayer, vice president and global brand manager, Residence Inn. “When on the road for an extended period, our guests need space to spread out, maintain their life’s pace and restore their energy to help them maintain a healthy balance and routine while traveling. This hotel offers them a seamless blend of modern style and functionality that allows them to settle in and thrive.”

 Residence Inn properties are designed as all-suite hotels that offer studio, one-bedroom and two-bedroom suites. Guests looking for a revitalizing sleep experience will enjoy the hotel’s plush mattresses and crisp linens, while guests focused on being productive will value their suite’s large, well-lit work desk, ergonomic chair and complimentary high-speed Internet access. Designed for stays of five nights or more, each suite also has a fully-equipped kitchen with a coffeemaker, microwave oven and residential-sized appliances.

 The Residence Inn Springfield Old Keene Mill’s complimentary breakfast has a variety of great options, including specially made featured items. Guests can start their day off right with healthy food choices and, with a convenient to-go offering, can make sure they do not miss the most important meal of the day.

 Extending the feeling of comfortable living on the road, the Residence Inn Springfield Old Keene Mill offers guests inviting and functional public spaces to relax or collaborate. Road warriors and families alike enjoy the hotel’s grocery delivery service, complimentary Wi-Fi, 24-hour onsite food and beverage market, dry cleaning services, and onsite guest laundry room. The hotel’s weeknight evening gatherings offer a casual, relaxing environment where guests can be as social as they want, while enjoying light fare. The hotel also maintains a business library where guests can fax, copy and print materials, and provides guests with a swimming pool, whirlpool, and exercise room.

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Tharaldson Hospitality Management Welcomes Holiday Inn Express & Suites Las Vegas To Company

 

Las Vegas, NV  (March 1, 2017) – Tharaldson Hospitality Management is proud to announce the addition of their newest hotel, the Holiday Inn Express & Suites Las Vegas I-215 S. Beltway. The hotel, located at 6220 S. Rainbow Blvd., Las Vegas, Nevada is owned by and managed by Tharaldson Hospitality Management.

The Holiday Inn Express & Suites Las Vegas I-215 S. Beltway is in Las Vegas, Nevada and is expected to become a top choice for travelers in the Las Vegas area. The Holiday Inn Express & Suites Las Vegas I-215 S. Beltway is ideally located near McCarran International Airport (LAS), in the southwest area of Las Vegas and provides access to local businesses & the famous Las Vegas Strip. Leisure travelers will enjoy Las Vegas as they explore all the exciting attractions the city has to offer, including The High Roller at The Linq, Red Rock National Park, Mt Charleston, Lake Mead, The Strip, China Town and many dining options.

The Holiday Inn Express brand is the smart choice for travelers seeking a hotel that will help them rest and go while staying productive. The more than 2,400 Holiday Inn Express hotels worldwide offer a simple and efficient stay through the uncomplicated yet personal service travelers expect from the brand. The Holiday Inn Express & Suites Las Vegas I-215 S. Beltway hotel features an outdoor pool and hot tub, a 24-hour fitness center and a 24-hour business center. There is a meeting space which can comfortably accommodate up to 50 people.

The complimentary Express Start breakfast bar offers a full range of breakfast items including a variety of healthy options, such as Chobani® yogurt, whole wheat English muffins, Kellogg’s® breakfast cereals, Quaker® oatmeal flavors in cups and a toppings bar for yogurt, cereal and pancakes from the brand’s one-touch pancake machine. Additionally, the breakfast bar also offers a wide variety of options including a rotation of egg and meat selections, biscuits, fruit, the brand’s proprietary cinnamon roll and Smart Roast™ coffee.

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A Year In Review

 

Tharaldson Hospitality Management in Decatur, Illinois has had an amazing year of growth, closing the year with an approximate 7% increase. With the openings of 5 new hotels in Kansas, California, Arizona and Nevada and an aggressive growth plan to open another 9 hotels next year, we are well on their way to becoming a leading hotel management company. With almost every hotel getting multiple guest choice awards including the TripAdvisor Certificate of Excellence, Booking.com Award of Excellence, and Expedia’s Insider Award; proving that our company is upholding our commitment to provide outstanding guest satisfaction to all our guests.  At the end of 2016, the Tharaldson Hospitality Management portfolio includes 32 hotels in 14 different states including 9 different brands from Marriott, Hilton, and IHG with a combined 3,636 rooms. Tharaldson Hospitality Management employs over 950 employees. We have completed renovations at several hotels including the Coventry Residence Inn, Roseville Springhill Suites, Roseville Towneplace Suites, Fredericksburg Residence Inn, Dayton Residence Inn, Cincinnati Fairfield Inn & Suites, and Erie Towneplace Suites.  We are proud to share all our accomplishments we have achieved over the past year and are looking forward to continuous success in 2017!

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Walnut Creek taps developer for upscale hotel project

Walnut Creek has chosen Illinois-based Tharaldson Hospitality Management LLC as the primary candidate for a proposed upscale hotel on a city-owned site at 490 Lawrence Way, as the East Bay hospitality market continues to see a rise in occupancy and room rates.

Tharaldson envisions a three-story, 127-key Hilton Garden Inn hotel at the site. The company now has one hotel under construction in the East Bay, a Springhill Suites and TownePlace Suites in Pleasanton.

“The city overall has an interest in realizing a hotel at that site so the council wanted to select based on all the information, the developer they thought could get the job done, and [that] presented a vision that aligned with the city,” said Ethan Bindernagel, Walnut Creek’s economic development manager.

He estimated that if a sale deal is reached, a completed hotel could be on the site within 24 months.

The council also decided on FPG Development Group as a secondary developer if a deal cannot be reached with Tharaldson. The Florida-based company is looking to build a three-story, 150-room Hilton Garden Inn (NYSE: HLT) that targets business travelers.

FPG Development has more than 70 hotels across the country, including a recently entitled 6-story, 160-room Marriott Residence Inn adjacent to the Walnut Creek BART station at 2050 N. California Blvd.

In a signal of city support for new hotel development, FPG Developmen’s downtown hotel project received a 462,000 subsidy and a deferral of various development fees. However, Bindernagel said he didn’t foresee the hotel at 490 Lawrence Way requiring additional subsidies.

Even with the increased interest from developers and East Bay city officials looking to bring hotels to their communities, financing remains the primary barrier to getting projects done, said Rick Swig, a hospitality consultant and Bay Area hotel industry expert.

“Financing is always an issue, even in this post-2008 up-cycle, hotel financing has not returned to the levels they were at ten years ago,” Swig said. “There are other sectors where they feel safer and more secure like residential and commercial development.”

City officials have been eyeing the property for a potential hotel site since 2015, driven in large part by a desire to diversify city revenue sources and spur redevelopment in the area. A staff report estimates an average of $520,000 in annual transient occupancy tax from the completed hotel.

Currently, the 2.26-acre site contains a Traffic Operations Center and a police department impound yard, which will be relocated with funds from the sale of the property.

Last year, a development deal to sell the site to hotel developers Harrick and Fillmore Capital fell through and the city initiated an accelerated request for proposals process in response.

For the first time in decades, new hotel projects have popped up across the East Bay, alongside with the region’s rise as a tourism and business destination. Emeryville opened its first hotel in decades earlier this month and the largest proposed East Bay hotel project, a 16-story, 334-room hotel at 2129 Shattuck Ave in Berkeley continues on in the entitlement process.

Article from bizjournals.com/sanfranciso

by: Kevin Truong

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Hotel magnate starts new burst of projects in Las Vegas

 

 By ELI SEGALL

LAS VEGAS REVIEW-JOURNAL

Hotel mogul Gary Tharaldson, a decade after selling $1 billion worth of properties, is building another burst of hotels in Las Vegas and other cities across the country.

The North Dakota developer is constructing a six-story, 169-room Hilton Garden Inn and a six-story, 157-room Homewood Suites on Dean Martin Drive near Harmon Avenue, just south of condo complex Panorama Towers. He also filed plans to build a five-story, 113-room TownePlace Suites and a five-story, 135-room Home2 Suites at the Tropicana Avenue-Interstate 15 interchange, across the street from In-N-Out Burger where the now-demolished Golden Palm hotel stood, Clark County records show.

The projects — located a half-mile from each other — follow his opening this year of a four-story, 131-room Residence Inn about 3 miles south of the Strip, his first new hotel in Las Vegas since last decade. Tharaldson’s projects are not in the famed casino corridor, although they’re not far away, and would be nothing like the towering megaresorts on the Strip. But small, nongaming hotels appeal to many people, real estate pros say, and Tharaldson is building more amid rising visitor levels and room rates.

Don Cape, director of real estate development for Tharaldson Hospitality, said the company expects to open the hotels near Panorama in late summer and those near In-N-Out in the first quarter of 2018. He said the company’s hotels in Las Vegas typically are at least 90 percent occupied, and there is “definitely a convenience factor” at them for people who drive, as guests don’t have to deal with massive garages or a long walk to their room. “And we don’t charge for parking,” he said, a nod to casino operators on the Strip now yanking away that longstanding freebie. Tharaldson, who has built several hotels in Las Vegas and made other real estate investments here, now plans to build 15 hotels a year for the next three years across the country, Cape said.

Such hotels don’t have the rowdy image or other trappings of a flashy Las Vegas resort. But business travelers and other guests can collect reward points, as the hotels fall under such brands as Hilton or Marriott, whose names also offer a sense of familiarity, said broker Michael Parks of CBRE Group’s global gaming group.

The properties also are significantly smaller than Las Vegas’ supersized resorts, making it easier and faster to get in and out, said Josh Smith, vice president of brokerage firm Sun Commercial Real Estate’s hospitality division. “There are a lot of reasons why you wouldn’t want to stay on the Strip,” Las Vegas broker and investor Christopher Beavor said.

Beavor of CAI Investments bought a vacant 8.6-acre parcel next to the Palms, a mile west of the Strip, in late September for $13.5 million. His development plans include a 15- to 20-story hotel — a nongaming, nonsmoking property with a national brand name and, “good oxygen pumping through the air,” he says. Tourism is the bedrock of Las Vegas’ economy, and there is no shortage of places to stay. Still, visitor levels are on the upswing. A record 42.3 million people visited Las Vegas in 2015, and 36.2 million visited this year through October, up 1.6 percent from the same 10-month period last year. Also, the average daily room rate through October was $127.08, up 4.3 percent from same-period 2015, according to Las Vegas Convention and Visitors Authority data.

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Tharaldson, 71, was raised in a tiny North Dakota farming town and worked as a physical education teacher and insurance salesman before he bought a Super 8 motel in 1982, according to Forbes magazine. He has owned more than 350 hotels across the country, according to his company’s website, and Forbes says he’s the richest person in North Dakota, with a net worth of $980 million. He cashed in during the bubble years when Wall Street powerhouse Goldman Sachs’ real estate investment wing Whitehall bought 130 of his hotels for $1.2 billion in 2006. Four were at Russell Road and I-15 in Las Vegas, Cape said, although Tharaldson has been involved in other deals here.

According to reports, in 2005 he teamed with Centex Destination Properties, part of former homebuilder Centex Corp., to buy the Westward Ho hotel on the Strip – a now-vacant site just south of Circus Circus – for $145.5 million. He later bought out Centex and sold the property; according to Forbes, he booked a $109 million profit on the deal. He also reportedly had an ownership stake in Urban Village Las Vegas, a planned 50-acre, $1.5 billion residential and commercial project at Las Vegas Boulevard and Pyle Avenue. But the project, by Centex, never materialized, and Tharaldson still owns a 29.5-acre chunk of the site, according to property records and a person familiar with the matter. Big plans at his current hotel-construction sites also fizzled out.

Marvin Lipschultz, who owns the Tropicana/I-15 parcel and is leasing it to Tharaldson, wanted to replace the Golden Palm with a 41-story resort dubbed One Trop, amid the bubble era’s high-rise craze known as the “Manhattanization” of Las Vegas. Appraisers in 2006 valued Lipschultz’s 3-acre site at almost $46.6 million, a bloated figure that would be all but impossible to fetch today. “At the time, people were just buying anything and bidding it up,” he said this week. Like dozens of other proposed towers from that era, One Trop never left the drawing board. Lipschultz said he closed the Golden Palm in 2007 and never reopened it, and Cape said his company started demolishing it in late October.

Contact Eli Segall at 702-383-0342 or esegall@reviewjournal.com. Follow @eli_segall on Twitter.

 

 

 

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