FORECLOSED HOTEL SOLD FOR $10.5 MILLION

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LAS VEGAS — An undisclosed seller who had recently foreclosed on the 150-room St. Tropez hotel has sold the property to The Siegel Group Nevada for $10.5 million. Located in Las Vegas’ Harmon Corridor, the two-story hotel is situated across the street from the Hard Rock Hotel & Casino. The Siegel Group plans to fix deferred maintenance issues and then embark on a renovation and modernization of the facility, which could include adding a restaurant, bar, nightclub or outdoor yoga studio to the hotel.

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