Platinum Las Vegas Owner Marcus Corp Buys Out Real Estate Partner

Platinum Las VegasThe Platinum Las Vegas Hotel and Spa resorts division announced Friday that Marcus Corp. had bought out one of its Las Vegas real estate joint venture partners in Platinum Hotel in Las Vegas.

Marcus’ ownership interest in the public, non gaming Las Vegas condo space in the Platinum Las Vegas hotel from 50 percent to 90 percent. The remaining 10 percent of Platinum hotel public space is owned by another real estate joint venture partner.
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Platinum Las Vegas Condo Hotel & Spa Opened Near Las Vegas Strip

Platinum Real EstatePlatinum Las Vegas Condo Hotel And Spa opened last week as one of the first Las Vegas condo-hotels near the Las Vegas Strip. The $100 million commercial real estate project was 80 percent pre-sold when Platinum real estate received construction financing 20 months ago and sold out.

Platinum Las Vegas condos includes a 16-story residential tower and a five-story, 238-slip parking garage on a two acre site, one block east of the Bally’s, Bellagio and Caesars Palace Las Vegas casinos. The real estate developer is a joint venture of Chicago-based Diversified Real Estate Concepts and Marcus Hotels & Resorts of Milwaukee.

Platinum Las VegasPriced between $400,000 and $1 million, the Las Vegas condos range from 911 sf to 2,166 sf and include 24-hour room service, a full kitchen, a balcony, a fireplace, a 42-inch HD plasma television, an oversized whirlpool bath, town car service and complimentary high-speed Internet access. Platinum Las Vegas amenities include an indoor and outdoor swimming pools; a poolside lounge and a lobby café; a luxury spa; a 4,500-sf rooftop terrace overlooking the Strip and an upscale restaurant and bar.

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Platinum Condo Las Vegas Has View Of Bellagio Hotel

Platinum Condo Las Vegas

Platinum Condo Las Vegas hotel will open this summer off of the Las Vegas Strip. The Platinum Hotel and Spa, Las Vegas real estate is targeting small-to medium-sized incentive and business groups in its 255 suites with views of the mountains and the neon Las Vegas Strip.

Two blocks away from the Bellagio Vegas, Caesars Palace hotel2c Las Vegas and the Venetian hotel Las Vegas, as well as the Las Vegas Monorail service, the Platinum Las Vegas condo hotel with feature all rooms available. There is no gaming, poker, slots or Las Vegas casino. Instead the Platinum real estate is planning an intimate property with top service and plenty of meeting spaces.

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