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Friday, November 18, 2005

Will Rocket Man Buy Las Vegas Condo Hotel Penthouse?

Nothing's for sure - yet - but it seems as if Elton John is interested in investing in the top-floor 35 million dollar penthouse of the Ivana Las Vegas high rise condo hotel.

"The cockpit", as the 20,000 square foot top floor of the Ivana is being referred to as, will be the highest penthouse west of the Mississippi consisting of 9 bedrooms and will also be equipped with a state of the art recording studio - once again begging the question: "Is this a good or bad thing"?

It's good because someone of Elton John's stature will surely draw sales interest for those who are into that "celebrity scene". But then again, if I'm going to spend upwards of $1,500 per square foot for a condo/hotel unit, I would want a little peace and quiet as well.

Personally, I prefer to see celebrities at concerts and sporting events. When I'm home, I'd prefer the relaxation. And while I'm sure there are many people and investors in this town who would love to rub shoulders with the Elton Johns of the world at their high rise condo hotel mail boxes, there's something to be said for anonymity - and solid investments to boot.

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