Hotel-casino now up for sale in Laughlin

2 weeks ago 6
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With tourer postulation to Laughlin climbing backmost from the pandemic, a edifice determination is up for sale.

The New Pioneer, 1 of respective casinos lining the banks of the Colorado River astir 100 miles southeast of Las Vegas, is connected the marketplace for $39 million, arsenic seen connected commercial-property listing tract LoopNet.

It features much than 400 rooms; the Bumbleberry Flats restaurant, whose paper includes chickenhearted and waffles and bacon meatloaf; and a backstage beach.

Its extortion and galore of the rooms person been upgraded, listing cause Khaleda Noor of Award Realty Corp. told the Review-Journal.

Laughlin, a small, unincorporated municipality crossed the stream from Arizona, generates a fraction of the visitant measurement and gambling gross arsenic Las Vegas. The low-key tourist destination has agelong been known for being fashionable with retirees who thrust in, and for offering low-priced rooms, sunshine, unfastened desert, and boating and different activities connected the Colorado.

Still, similar Las Vegas, tourism plunged successful Laughlin aft the coronavirus outbreak upended regular beingness and has been rebounding arsenic vaccines rotation out.

An estimated 117,300 radical visited Laughlin successful May, and the municipality generated $48.1 cardinal successful gambling gross that month, up from 82,600 visitors and $33.5 cardinal successful gambling gross successful January, according to Las Vegas Convention and Visitors Authority figures.

New Pioneer proprietor Ray Koroghli acquired the spot successful 2017, Clark County records indicate. He could not beryllium reached for remark Wednesday.

The Lowden family’s Archon Corp., erstwhile proprietor of the Pioneer, arsenic it utilized to beryllium known, said successful a 2010 filing with the Securities and Exchange Commission that the hotel-casino chiefly targets “mature, out-of-town customers” who unrecorded successful cardinal Arizona and Southern California; retirees from the Midwest, Northeast and Canada who question to the Southwest during the winter; and locals.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342. Follow @eli_segall connected Twitter.

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