This hotel is Under Construction
The Fontainebleau, Las Vegas’ towering monument to the recession, has been sold again.
Billionaire Carl Icahn announced Tuesday that he sold the partially built, mothballed hotel tower on the north Strip for $600 million to real estate investment firms Witkoff and New Valley.
At the very least, the sale is a windfall for Icahn. He bought the property for around $150 million during the recession — and, according to a former listing broker for the hotel, Icahn bought it sight unseen and didn’t know what he’d do with it.
2777 Las Vegas Blvd South
Las Vegas, NV 89109