Shopoff Realty Investments and Contour Secure Entitlement Approvals for Dream Las Vegas on the Las Vegas Strip

Posted: October 21, 2021 at 9:35 a.m. EDT|Update: 2 hours ago

LAS VEGAS, October 21, 2021 / PRNewswire / – Joint venture partners Shopoff Realty Investments (Shopoff) and Contour announced today that they have successfully secured the rights necessary for the full development of Dream Las Vegas, paving the way for the next step the completion of a new full-service luxury resort and casino. The property sits on a prime 5.25 acre lot located on the south end of the famous Las Vegas Strip at 5051 S. Las Vegas Blvd.

Shopoff real estate investments

“After working closely with Clark County Board of County Commissioners, McCarran Airport and the Clark County Department of Comprehensive Planning, we are pleased to have been able to secure rights for Dream Las Vegas which are mutually beneficial for Clark County as well as our partnership. We believe this project will be a stellar example for future development on the south end of the Strip, ”explained the President and CEO of Shopoff Realty Investments. William shopoff.

Marked and managed by Group of dream hotels, the 19-story Dream Las Vegas will offer 526 well-appointed guest rooms and suites when completed in Q3 2024. Additional amenities will include games, dining and nightlife options, a pool deck, retail experiences retail, meeting rooms and a fitness center.

“Like a Las Vegas native, born and raised, I know firsthand the benefits Dream will bring to the Strip, ”said the CEO of Contour. David Daneshforooz. “Dream Hotel Group will bring the same magic to Las Vegas as they have done for their other locations – an organized entertainment destination in an intimate environment well designed for the enjoyment of locals and visitors alike. hotel / casino design for Las Vegas. “

Spanning both the United States and internationally, Dream Hotels offers on-site dining and entertainment that epitomizes the distinctive character of their locations, the vibrant atmosphere of New York City in the colorful streets of Bangkok.

McCarthy Construction will manage the design and construction of the new complex and casino, with the project scheduled to begin excavation work in the second quarter of 2022. The project is expected to create more than 1,200 construction jobs as well as 785 staff positions once. the hotel opened in the third quarter of 2024.

Nearby properties include the Mandalay Bay Resort, the new Allegiant Stadium (home to the Las Vegas Raiders of the National Football League), T-Mobile Arena (home to the Las Vegas Golden Knights of the National Hockey League) , as well as the many hotels and casinos of South Boulevard in Las Vegas

About Shopoff Realty Investments
Shopoff Realty Investments is a Irvine, Californiareal estate company with a history of 29 years of value-added and opportunistic investment through United States. The company primarily focuses on proactive appreciation generation through the repositioning of commercial income generating properties and the allocation of land assets. The 29-year history includes operating as Asset Recovery Fund, Eastbridge Partners and Shopoff Realty Investments (formerly known as The Shopoff Group). Performance has varied over this period, with some offers generating losses. For more information about Shopoff and its projects, visit Shopoff.com, follow the company’s LinkedIn page or call (844) 4-SHOPOFF.

Disclosures
This is not an offer to buy or sell securities. Such an offer can only be made through the offering memorandum to qualified buyers. Any investment in Shopoff Realty Investments programs involves substantial risk and is only suitable for investors who do not need cash and can bear the loss of their entire investment. There can be no assurance that a strategy will be successful in achieving its investment objectives. The performance of this asset is not indicative of the future results of other assets. Securities offered by Shopoff Securities, Inc. member FINRA / SIPC, 2 Park Plaza, Suite 770, Irvine, CA 92614, (844) 4-SHOPOFF.

About Contour
Contour is a private commercial real estate investment and development company formed in 2018 as the vertical development arm of a family land trading business established in 1987. The company is a vertically integrated opportunistic real estate company that develops, owns and operates property throughout United States. Contour’s decisions are guided by cutting-edge research and a commitment to precise execution while remaining entrepreneurial in its approach to opportunities. Contour’s management team has over 60 years of experience covering over 75 million square feet and $ 36 billion in all asset classes. outline California the office is located at 3200 Park Center Drive, suite 1240 Costa Mesa, California 92626. For more information about the company, its team and its work, visit Contour.

About Dream Hotel Group
Dream Hotel Group is a hotel brand and management company with a rich history of 35 years of managing properties in some of the most competitive hotel environments in the world, including new York, Los Angeles, Miami, Bangkok and more recently Nashville. Home to its Dream Hotels, Unscripted Hotels, The Chatwal and the new brands By Dream Hotel Group, Dream Hotel Group encompasses three business segments: proprietary brands, hotel management and foodservice and nightlife. The company is committed to the philosophy that forward-thinking design, service and customer experiences should be available in all market segments. Dream Hotel Group is committed to providing travelers with an authentic connection to the destination of their choice through a truly original approach. For more information, visit www.dreamhotelgroup.com and follow @dreamhotelgroup on Twitter.

PR contacts:

Shopoff real estate investments
Julie leber
949.427.1391
[email protected]

Real Estate Contour
Angela Tranham
818.554.6296
[email protected]

Real Estate Contour
Real Estate Contour

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SOURCE Shopoff Realty Investments

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