DALLAS, Feb. 11, 2021 /PRNewswire/ — Koch Real Estate Investments, an affiliate of Koch Industries, Inc. today announced the acquisition of a to-be-completed Las Vegas resort located at 2777 South Las Vegas Boulevard. The deal is in partnership with Fontainebleau Development.
Koch and its experienced partners provide the unique ability to combine patient, long-term capital with best-in-class operations. Together, the companies have a shared interest in the recovery and growth of Las Vegas and the hospitality industry as a whole. With Las Vegas’s tourism recovery underway, the city has safely reopened to millions of visitors since June with even more success on the horizon.
“We believe strongly in the Las Vegas market and see the property as a great opportunity to contribute to the long-term success and positive trajectory of this vibrant and innovative region,” says Jake Francis, President of Koch Real Estate Investments. “We are excited about the partnership and look forward to working together as the project evolves.”