Peter Morton has the one something in Las Vegas all the big boy investors want - the Hard Rock Hotel. And if you believe the hype, he's getting offers from some heavy hitters, including local giant Station Casinos and the frontrunner The Rank Group (who previously purchased his Hard Rock Cafe conglomerate).
The asking price? $750 million according to industry analysts. He'll probably get it too, although I'm not sure if the new owner(s) will revive the plans for the Hard Rock high rise condo-hotel project Morton recently postponed. No sense in waiting to find out, either, when there are so many other good projects in town for would-be high rise condo buyers.
Don't be on the sidelines. Get in the game!
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