Trump International Hotel in Las Vegas Potential Sale
The Trump International Hotel in Las Vegas, owned by Donald Trump and Phil Ruffin, may potentially be sold to pay off civil fraud penalties. The hotel, which opened in 2008, does not have a casino. There is uncertainty around whether the property will be seized by the New York Attorney General to cover the penalties.
Key Points
- Owned by Trump Ruffin Tower I LLC
- Property opened in 2008 without a casino due to initial condo high-rise plans
- Potential involvement of New York Attorney General to seize property for penalties
Pros
- Luxurious property with 1,282 suites
- Strategic decision not to include a casino for a different experience
Cons
- Uncertainty around potential sale to pay off civil fraud penalties