Wed June 25, 2014
Time Shares To Be Sold At The LVH
Say it ain’t so. Timeshares are for sale at the LVH.
If Goldman Sachs completes the sale of the Las Vegas Hotel and Casino to Westgate Resorts, reports say the casino-resort where Elvis Presley performed will be selling timeshares.
The resort has been strictly a hotel since it opened in 1969.
But this isn’t the first major change at the casino-resort adjacent to the Las Vegas Convention Center. At one point, it was known as the International Hotel, the largest in the world. Besides Elvis, it was home to legendary acts like Barbra Streisand and Liberace. It also hosted major fights with Mike Tyson and Muhammed Ali.
It survived an arson fire and a U.S. Navy sex scandal, but eventually defaulted on a $252 million loan leaving Goldman Sachs in charge and forcing Hilton Hotels to remove its name from the iconic casino.
John Katsilometes, entertainment writer for the Las Vegas Sun