Roughly $115 million of hotel properties were sold in Las Vegas last year, a decrease of 90% compared to the prior year. This was the lowest volume recorded in the city since 2014, and significantly lower compared to the 10-year market average of about 15 trades for $3.5 billion.
Hotel transactions in Las Vegas hit lowest point in over a decade
Fewer than 10 hotels traded, with not a single transaction exceeding $30 million
CoStar Analytics
January 16, 2025 | 11:42 P.M.
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IN THIS ARTICLE
- Properties
- Bellagio, a Luxury Collection Resort & Casino
3600 Las Vegas Blvd, Las Vegas, NV
- MGM Grand Hotel & Casino
3799 Las Vegas Blvd, Las Vegas, NV
- Mandalay Bay Resort
3950 Las Vegas Blvd, Las Vegas, NV
- The Mirage Hotel and Casino
3400 Las Vegas Blvd, Las Vegas, NV
- Park MGM Las Vegas, a Tribute Portfolio
3770 Las Vegas Blvd, Las Vegas, NV