LVH sold to Westgate Resorts

LAS VEGAS -- The LVH, formally known as the Las Vegas Hilton, was sold to Westgate Resorts, according to the banking firm handling the deal.

Houlihan Lokey, a global investment bank, confirmed the deal will close Monday and the new owners will take immediate possession of the property. Westgate Resorts is a timeshare operator.

While the sales price was not disclosed, the banking firm discloses it was "in the ballpark" of $150 million which had been mentioned in previous reports. 

 


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