- Commercial Real Estate Platforms:
- LoopNet (www.loopnet.com) (www.loopnet.com): This platform lists hospitality properties, including hotels in Nevada. While specific 5-star hotel listings in Nevada weren’t found, LoopNet often features luxury properties in Las Vegas, such as casino resorts or high-end boutique hotels.
- Crexi (www.crexi.com) (www.crexi.com): Another marketplace for commercial real estate, Crexi lists hotels and motels in Nevada. You can filter for high-end properties, though 5-star designations may require direct inquiry.
- DealStream (www.dealstream.com) (www.dealstream.com): This site lists off-market hotel portfolios, including luxury properties. Some listings require signing an NDA and providing proof of funds for detailed information.
- Specialized Hospitality Brokers:
- Contact brokers like White Stone Brokers (whitestonebrokers.com) or CBRE’s Hotel Group for access to off-market 5-star hotel listings in Nevada. These brokers often handle high-value, discreet sales in Las Vegas, a hub for luxury hospitality.
- Newmark Group: Known for handling luxury hotel sales (e.g., The Pierre in NYC), they may have connections to Nevada properties.
- Las Vegas Market Insights:
- Las Vegas is a prime location for 5-star hotels due to its tourism-driven economy. Properties like those on the Las Vegas Strip (e.g., Bellagio, Wynn, or Venetian) are rarely listed publicly but may be available through private sales. For example, an X post from @TheStreet (June 20, 2025) mentioned an iconic Las Vegas Strip resort casino for sale, though specifics weren’t provided.
- Cap rates for Las Vegas hotels average around 8.6%, with a price per square foot of approximately $276 USD, indicating a robust market for luxury properties.
- Alternative Approaches:
- Check with local real estate agents in Las Vegas, such as Las Vegas Homes by Leslie (702-321-1763) or LasVegasRealEstate.org, who may have access to off-market luxury hotel listings.
- Explore platforms like BizBuySell (www.bizbuysell.com) (www.bizbuysell.com) or BizQuest (www.bizquest.com) (www.bizquest.com) for boutique or smaller 5-star properties, such as high-end bed-and-breakfasts in areas like Reno or Lake Tahoe.
Relevant Examples from New York (for Context)
Since specific Nevada 5-star hotel listings were not found, here are examples from New York to illustrate the type of properties and processes involved in purchasing luxury hotels, which can be applied to Nevada:
- The Pierre Hotel, NYC:
- A 5-star hotel overlooking Central Park, listed for sale as of December 2024. The sale includes 189 hotel rooms, retail spaces, and restaurants, but excludes 80 co-op residences. Managed by Taj Hotels since 2007, it’s a landmark property attracting high-profile investors. The sale is handled by Newmark Group’s Douglas Harmon, highlighting the need for specialized brokers for such deals.
- Relevance to Nevada: Similar high-profile, off-market sales occur in Las Vegas for iconic Strip properties. You may need to sign an NDA and provide proof of funds to access such listings.
- Unnamed 5-Star Hotel in Manhattan:
- A listing on DealStream describes a 5-star hotel near Central Park with 229 luxury rooms, built in 2015, with an NOI of $17.2 million and an asking price of $275 million. Buyers must sign an NDA and provide proof of funds.
- Relevance to Nevada: Luxury hotels in Las Vegas, like those on the Strip, often have similar requirements for discreet sales due to their high value and investor interest.
- Portfolio Sales:
- DealStream lists a 15-hotel portfolio in the US, including 5-star properties managed by brands like Fairmont, Four Seasons, and Ritz-Carlton. While specific Nevada properties weren’t mentioned, Las Vegas is a likely candidate for such portfolios given its luxury hotel market.
Recommendations
- Narrow Your Search: Specify if you’re targeting Las Vegas Strip properties, boutique hotels in Reno, or resort-style hotels near Lake Tahoe. This will help focus the search.
- Contact Brokers: Reach out to hospitality-focused real estate firms like CBRE, Newmark, or White Stone Brokers for off-market 5-star hotel listings in Nevada.
- Check Platforms Regularly: Monitor LoopNet, Crexi, and DealStream for new listings, as luxury hotel sales are often time-sensitive and not widely advertised.
- Financial Preparation: Be prepared to provide proof of funds and sign NDAs for high-value properties, as seen in the New York examples.