Las Vegas: Heartbreak hotel: Elvis project seemingly dead
Heartbreak hotel: Elvis project seemingly dead
Plans for building an Elvis-themed hotel on the Strip have apparently
gone from unlikely to nearly dead in the wake of cancellation of a
In a Wednesday filing with the Securities and Exchange Commission, New
York-based FX Real Estate and Entertainment said an agreement to
acquire an 85 percent interest in Elvis Presley Enterprises was
canceled when a go-private deal for CKX Inc., which licenses the
rights to the singer, fell through on Monday.
FX Real Estate, which owns 18 acres on the Strip, announced in
September a plan to develop an Elvis-themed hotel-casino was unlikely
due to the "dislocation and turbulence in the capital markets."
link: today's paper-business section, Las Vegas Review Journal