“I absolutely will not keep the name,” Ahern said of the Lucky Dragon. He did not provide a timeline for the overhaul but said he plans to change the property’s name. Nongaming hotel, with the former casino building turned into conference and convention space. Sahara Ave., and said he plans to reopen it as a “It was very weird,” listing broker Michael Parks, of CBRE Group, said of the response.Īhern on Monday confirmed that he purchased the 2.5-acre Lucky Dragon,ģ00 W. The sale, by San Francisco developer Enrique Landa’s Snow Covered Capital, closed Monday.Īhern’s purchase breathes new life into a boutique resort that closed less than two years after it opened - perhaps the fastest demise of a Las Vegas hotel-casino in decades - and drew tremendous interest from prospective buyers, but mostly people who had no chance of closing a deal. (Caroline Brehman/Las Vegas Review-Journal) six months after lenders foreclosed on the Lucky Dragon, the shuttered off-Strip resort has been sold - and the buyer isn’t your typical hotel operator.ĭon Ahern, chairman and chief executive of Las Vegas construction-equipment firm Ahern Rentals, acquired the Lucky Dragon for $36 million, property records show. The Lucky Dragon remains closed in Las Vegas, Monday, April 22, 2019.
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