Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall be split 75% to VICI …Read More >
It’s official. Caesars Entertainment just confirmed that Harrah’s Reno will be sold to an affiliate of CAI Investments for $50 million, closing the chapter on one of downtown Reno’s iconic hotel-casinos.
Caesars, which has been leasing Harrah’s Reno from VICI Properties, made the announcement on Wednesday afternoon after news of the sale leaked the day before. …Read More >
TEMPE, Ariz., Aug. 21, 2019 /PRNewswire/ — CAI Investments, LLC is pleased to announce that it closed the construction loan for the Westin by Marriott hotel in Tempe, Arizona.
Construction on the Westin began in March 2019 and the anticipated opening is the second quarter of 2021.
“We are pleased to have closed the construction loan for …Read More >
Two national chains scoop up land parcels in Las Vegas at strong 3.7% and 4.1% cap rates.
The retail market is heating up in Las Vegas. CAI Investments has developed and sold two of the land parcels in its larger 3883 Flamingo Center mixed-use project in Las Vegas, which will include a hotel and apartment units …Read More >
The Palms Casino is getting a new neighbor. Developers are working on a new project that will include restaurants, apartments and a hotel.
Christopher Beavor, CEO of CAI Investments, said more industries are moving out of the area, making room for projects like his.
He showed FOX5 renderings of the development near Flamingo and Valley View. Beavor …Read More >
Construction of a mixed-use project next to the Palms is underway, with Chick-fil-A, an upscale hotel and a luxury apartment complex set to start taking shape this year, developers said.