TROPICANA HOTEL for SALE

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                The Tropicana is up for grabs, in a business climate that was unthinkable not long ago.
               Las Vegas had a string of blockbuster casino deals the past few years as investors pumped billions into properties on or near the Strip.
               COVID-19 has devastated Las Vegas’ economy, with Gov. Steve Sisolak ordering casinos and other Nevada businesses closed in March to help contain the virus’ spread. The normally tourist-choked Strip all but turned into a ghost town, and job losses skyrocketed.
               Casinos were allowed to reopen June 4, but several remain closed in Southern Nevada, including the 1,470-room Tropicana, which is scheduled to reopen Sept. 1.
               Despite the chaos, Macquarie Group casino analyst Chad Beynon believes there still is demand for Las Vegas properties.
              Tropicana landlord Gaming and Leisure Properties is looking to sell the 35-acre hotel-casino and rent it back or sell it outright, listing broker Michael Parks, of CBRE Group’s global gaming group, said Monday.

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