Canpartners Reality (owned by Canyon Capital Reality Partners and Spectrum Group Management) took over control on August 19, 2009, taking possession of the foreclosed property. The hotel was forced into bankruptcy on April 6, 2009, by its creditors. The developer never came through, and the hotel tried expanding operations.Ĭlarion Hotel and Casino (2009 – September 2014) In July 2007, the hotel was sold to a real-estate developer (DI Development Group) for $48.8 million the developer announced in January 2008 that he was pursuing financing to redevelop the site, replacing it with a mixed-use development, proposed to include 780 hotel rooms, a 77,000-square-foot (7,200 m 2) casino and 71,200 sq ft (6,610 m 2) of convention, retail, and restaurant space. The Greek Isles contracted with Delta Air Lines to house flight crews during layovers. Mark IV hoped to redevelop the site with 1,000 rooms, but instead remodeled the property with a Greek theme and reopened it as the Greek Isles in 2001. The hotel was open for a short time (including October 2000) as "Convention Center Drive Hotel." They sold it to Chicago-based Mark IV Realty Group in 2000 for $11.2 million. They stripped much of the interior in preparation for demolition, but ultimately decided the site was not big enough. The winning bidder at $10.65 million was the World Wrestling Federation, which planned to level the building and construct a 35-story wrestling-themed hotel and casino. for $16.8 million fell through, Reynolds and the hotel both filed for bankruptcy protection in 1997, and the property was put up for auction the following year. After a deal to sell the property to timeshare developer ILX Inc. The casino closed in 1996 after Jackpot pulled out because it was unprofitable, and Reynolds could not get a gaming license to operate it in-house because of the company's poor finances. She took the company public in 1994 to raise money, and the museum finally opened the following year. The property reopened in 1993, with the casino operated by Jackpot Enterprises, but Reynolds struggled with the financing to complete the project. Debbie Reynolds' Hollywood Hotel (1993–99) Reynolds planned to spend $15 million on renovations, including adding a museum to house her collection of Hollywood memorabilia, and a 500-seat theater where she would perform. It did not sell until 1992, when actress Debbie Reynolds and her husband Richard Hamlett bought the closed Paddlewheel at auction for $2.2 million. Horn & Hardart put the hotel back up for sale in 1990. It had a kid-friendly atmosphere, with arcade games and amusement rides, but later shifted to an adult focus, including a male revue. The property later reopened as the Paddlewheel Hotel & Casino. They reportedly agreed that December to sell the property to an investment group for $15.4 million. By 1982 though, the hotel was experiencing substantial losses, and Horn & Hardart decided to close it. A $3.5 million renovation increased the room count to 300. Royal Americana Hotel (1980–82) īy late 1980, the sale had been completed, and the property was rebranded as the Royal Americana Hotel, with a New York theme. In 1979, fast food operator (and former automat chain) Horn & Hardart agreed to buy the Royal Inn for $7.4 million. In 1972, Michael Gaughan and Frank Toti bought out the property's casino operations. Royal Inns of America opened its $3 million, 200-room hotel in 1970. The Clarion Hotel and Casino was demolished by implosion shortly before 3 a.m. The hotel closed on September 2, 2014, after Labor Day weekend. It was a 202-room hotel and a 7,000 sq ft (650 m 2) casino on 6 acres (2.4 ha) of land. After Reynolds sold the property in 1999, it was briefly owned by the World Wrestling Federation, and was then sold and remodeled as the Greek Isles. The hotel originally opened in 1970 as a Royal Inn, and also operated under the names Royal Americana Hotel and The Paddlewheel Hotel Casino before being purchased by Debbie Reynolds in 1992. Debbie Reynolds' Hollywood Hotel (1993–99)Ĭlarion Hotel and Casino (2009 – September 2014)Ĭlarion Hotel and Casino, formerly known as Debbie Reynolds' Hollywood Hotel and Greek Isles Hotel & Casino, was near the Las Vegas Strip in Paradise, Nevada.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |