New Frontier Las Vegas Hotel Record Sale For More Than $1.2 Billion
Thursday, May 17th, 2007
The New Frontier Las Vegas hotel has been sold for more than $1.2 billion. A $100 million deposit on the real estate deal was received earlier this week.
Update: New Frontier Las Vegas implosion exclusive video on November 13, 2007 at 2:30 a.m.
El Ad is the buyer of the 984 room New Frontier. It is expected to be demolished and in place a replica of the Plaza Hotel from New York on the Las Vegas Strip.
El Ad is an Israeli owned real estate group. This 36 acres of land transaction is the most expensive large site transaction on the Strip.


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