| Industry: |
Gaming |
| Investment date: |
May 2009 |
| Acquired by: |
Onex Partners III and Alex Yemenidjian |
| Investment: |
$279 million /
$60 million from Onex |
| Ownership: |
76% / Onex’ portion is 17% |
| Status: |
Unrealized |
| Head office: |
Las Vegas, Nevada |
| Website: |
www.troplv.com |
Tropicana Las Vegas Hotel and Casino is a refurbished resort at one of the busiest pedestrian intersections in Las Vegas, Tropicana Avenue and Las Vegas Boulevard. Tropicana Las Vegas has 1,375 hotel rooms, an approximate 50,000 square foot casino floor, four restaurants, an 880-seat showroom, and a signature 4.2-acre tropical pool area. The property recently added a pool/beach club and nightclub. Tropicana Las Vegas is one of the smallest casino resorts on the Strip and targets customers at the upper end of the mid-priced segment of the market.