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Sale Reported of Former Las Vegas Hilton

Posted 9/4/2012 - 5:16:29 AM

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LAS VEGAS—The former Las Vegas Hilton Hotel, now known as the LVH Hotel & Casino, is reportedly being acquired out of bankruptcy in November.

The 2,950-room property, which had been owned by Colony Capital, LLC, and Goldman Sachs, defaulted on aq $252-million mortgage earlier this year. It is said to be about to be acquired by a partnership of Gramercy Capital and Goldman Sachs Mortgage Co. LLC.

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