LAS VEGAS, NV— Financier Carl Ichan has offered a high bid of $156 million
for the 3,800-room Fontainebleau Casino & Resort here.
Construction on the $2 billion project came to a halt earlier in the year. Fontainebleau Las Vegas, LLC, the original developer, which is owned by members of the family controlling Turnberry Associates, then filed for Chapter 11 bankruptcy protection.
The project, which is 70% completed, is scheduled to be auctioned next month.
The Icahn bid was first reported by Reuters.
News from our manufacturer's & re-posts from publications around the hotel and restaurant industry.
ABOUT DIRECT TABLEWARE PRODUCTS
DIRECT TABLEWARE PRODUCTS is a full-service hospitality distributor specializing in high quality American & European manufacturer's offering tableware, cookware, buffet/ banquet display, furniture, equipment & customization.
Subscribe to our newsletter
25 South Main Street, Suite 39
Yardley, PA 19067