The Rio Hotel, the CET orphan of the mega-chain, is SOLD to a real estate group in New York for about $500 million.
As predicted, this is the start of the unloading of CET properties.... more to follow... next will be the Lake Tahoe (Harveys) if my prediction is accurate.... I expect the "timeshare" route for the Rio property as happened to the old Las Vegas Hilton (now Westgate) as the room size can warrant that kind of upgrade..Slotspert
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