Great Acquisition: Siegel acquires St. Tropez for US $10,500,000 across from Hard Rock Hotel & Casino in Vegas

By editor | Published: September 28, 2009
The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company, today announced that it had completed its acquisition of the St. Tropez, a 150 room all-suite hotel situated on approximately 4.09 acres of land in Las Vegas, Nevada. The purchase price was $10.5 million with financing provided by the seller which just weeks earlier foreclosed on the property.
Located on the desirable Harmon Corridor directly across from the main entrance of the Hard Rock Hotel & Casino and just blocks from the Las Vegas Strip, the unique resort is comprised of a two-story, low-rise structure that surrounds a picturesque courtyard, a characteristic not found among Las Vegas resorts but common among many well-known boutique resorts found throughout the California market. The majority of suites contain living rooms with large Jacuzzi tubs and private balconies and patios with views overlooking the expansive courtyard and resort-style pool and spa.

St tropez“This is a great acquisition!!”  JLD:  The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company, today (Sept. 2009) announced that it had completed its acquisition of the St. Tropez, a 150 room all-suite hotel situated on approximately 4.09 acres of land in Las Vegas, Nevada. The purchase price was $10.5 million with financing provided by the seller which just weeks earlier foreclosed on the property.

Located on the desirable Harmon Corridor directly across from the main entrance of the Hard Rock Hotel & Casino and just blocks from the Las Vegas Strip, the unique resort is comprised of a two-story, low-rise structure that surrounds a picturesque courtyard, a characteristic not found among Las Vegas resorts but common among many well-known boutique resorts found throughout the California market. The majority of suites contain living rooms with large Jacuzzi tubs and private balconies and patios with views overlooking the expansive courtyard and resort-style pool and spa.   Click here for more info…

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