HILTON GRAND PLANET RIO HOLLYWOOD ALL SUITE VACATIONS PALMS THE PARIS ARIA COSMOPOLITAN MGM SIGNATURE CITY CENTER BELLAGIO TOWERS VEER TOWERS CAESARS PALACE MANDARIN THE CROMWELL ORIENTAL VDARRA THE LINQ FLAMINGO THE MIRAGE HARRAHS FOR SALE ±8.15 Acres Land In The Heart Of The Las Vegas Resort Corridor Flamingo Road MIKE MIXER Executive Managing Director | Las Vegas Las Vegas Resort & Gaming Group +1 702 836 3777 [email protected] Paradise Road FOR SALE 377 E FLAMINGO ROAD, LAS VEGAS, NV 89169 ±8.15 Acres Land HARRAH’S In The Heart Of The Las Vegas Resort Corridor THE QUAD THE HC LINQ CAESAR’S EXPANSION SITE FLAMINGO Las Vegas Resort Development Site FOR SALE: MARKET PRICE THE CROMWELL WESTIN FLAMINGO ROAD PLATINUM Property Highlights SILVER SEVENS BALLY’S CASINO ELLIS ISLAND • 8.15 Acres CASINO TUSCANY ±8.15 Acres Land • H-1 Zoning, best zoning in Las Vegas PARIS SUPER 8 SITE PARADISE ROAD • Inside Gaming Overlay • Direct access to the Strip via busy Flamingo Road PLANET • Ideal location between McCarran International Airport HOLLYWOOD & Las Vegas Convention Center HARD ROCK KOVAL LANE KOVAL HOTEL & CASINO • Development uses include hotel, residential, retail, office, restaurant, timeshare HARMON AVENUE WYNDHAM GRAND DESERT ALEXIS PARK Las Vegas Market Highlights RESIDENCES @ MGM • Las Vegas is poised to set another visitor volume record in 2017 – over 43 million • Average city wide hotel occupancy is now over 90% • Convention business is booming: Record convention delegate attendance in LASVEGAS BOULEVARD BLUEGREEN 2016 (6.3 million attendees) TIMESHARE • $1.4 billion Las Vegas Convention Center expansion approved UNLV LAND MGM • Airline passengers to McCarran International Airport to hit new passenger GRAND record in 2017 – over 47.8 million passengers expected • Multi-family vacancy in Southern Nevada is now down to 4.2% TROPICANA AVENUE MIKE MIXER 3960 Howard Hughes Parkway, Suite 150 Executive Managing Director | Las Vegas Las Vegas, NV 89169 Las Vegas Resort & Gaming Group T+1 702 735 5700 +1 702 836 3777 F +1 702 731 5709 [email protected] www.colliers.com/lasvegas The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. SPRING MOUNTAIN ROAD HUGHES CENTER LAND PARCEL SEC PARADISE • 6.08 Acres & TWAIN • $2.6m per acre • 0.62 acres • $15.86 million • $3.87m per acre • Date Sold March 2017 • $2.4 million • Date sold Jan 2017 PARADISE ROAD PARADISE • Vacant corner pad CAESARS ASSEMBLAGE (BEHIND THE LINQ) • 2.04 acres NEC FLAMINGO & PARADISE • $5.37m Per acre • 5.14 acres • $10.95 million • $500k per acre • Date sold Jan 2017 • $3 million VALLEY VIEW BOULEVARD • Date sold Jan 2015 KOVAL LANE REBEL GAS STATION • 1.08 acres • $2.8m per acre LAS VEGAS BOULEVARD FLAMINGO ROAD • $3 million • Date sold December 2015 150 HARMON AVENUE SITE (NEAR KOVAL) RETAIL STORE PARADISE • 1.62 acres HARD ROCK TREE • 1.35 acres • $4m per acre (land) • $7.6m per acre RECENT SALES • $7.45 million LOT LAND • $10 million • Sold Jan 2017. Existing • 4.10 acres • Date sold December 2015 medical building, but • $1.32 per acre mainly land value • $5.4 million This map depicts the areas most recent and relevant comparable sales. The VACANT LAND • Date sold Nov 2015 • 11 acres subject property enjoys a premium location and excellent zoning. Pricing • Part of assemblage • $1.8m per acre guidance will fall at the higher end of the comparable sales range. • $20 million • Date sold April 2014 • Record Las Vegas visitor volume has driven land prices on the Strip to RUMOR BOUTIQUE HOTEL $10M+ per acre HARMON AVENUE • 4.09 acres • $3.8m per acre TROPICANA & KOVAL • Resort Corridor land pricing east of the Strip has now surpassed $3M • $15.5 million • 42 acres • Date sold January 2017 per acre • $1.19m per acre • $50 million • Recent comparable sales in the resort corridor demonstrate a steady rise in land • Date sold December 2015 valuations and signal the return of new development in the corridor BLUE GREEN TIMESHARE EXPANSION SITE • 4.11 acres • $1.46m per acre • $6 million • Date sold Aug 2016 MIKE MIXER 3960 Howard Hughes Parkway, Suite 150 Executive Managing Director | Las Vegas Las Vegas, NV 89169 Las Vegas Resort & Gaming Group T+1 702 735 5700 +1 702 836 3777 F +1 702 731 5709 [email protected] www.colliers.com/lasvegas The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents. LAS VEGAS CONVENTION CENTER Las Vegas Resort Corridor Development DISTRICT PROJECT NEW EAST LOBBY ENTRY UPGRADES/ RENOVATIONS EXHIBIT HALLS CONNECTOR NEW MEETING ROOMS Paradise Road NEW EXHIBIT HALL LAS VEGAS CONVENTION CENTER DISTRICT PROJECT OUTDOOR EXHIBIT WYNN RESORTS PARADISE PARK WATERFRONT LAGOON OUTDOOR $1.5 BILLION PLAZA Las Vegas Boulevard MIKE MIXER 3960 Howard Hughes Parkway, Suite 150 Executive Managing Director | Las Vegas Las Vegas, NV 89169 Las Vegas Resort & Gaming Group T+1 702 735 5700 +1 702 836 3777 F +1 702 731 5709 [email protected] www.colliers.com/lasvegas The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents..