5-Star Hotels for Sale in Nevada (NV)

5-Star Hotels for Sale in Nevada (NV)

1. Las Vegas Strip Properties:
   • Market Context: Las Vegas is home to many 5-star hotels, such as the Bellagio, Wynn, Venetian, and Aria, which are Forbes Travel Guide or AAA Five Diamond-rated. These properties are rarely listed publicly due to their high value and strategic importance. For example, an X post by @TheStreet (June 20, 2025) mentioned an iconic Las Vegas Strip resort casino for sale, but specifics weren’t disclosed, suggesting such sales are often handled discreetly.
   • How to Find: Contact specialized hospitality brokers like CBRE’s Hotel Group, Newmark, or JLL’s Hotels & Hospitality Group for off-market deals. These firms handle high-profile sales, similar to the Pierre Hotel in NYC, which was listed through Newmark.
   • Example: While not explicitly listed, properties like the Cosmopolitan or Palms Casino Resort have changed hands in recent years (e.g., MGM Resorts sold the Cosmopolitan for $5.65 billion in 2022). Similar 5-star properties may be available through private negotiations.
2. Reno and Lake Tahoe:
   • Market Context: Reno and Lake Tahoe have luxury resorts like the Peppermill Resort Spa Casino (Reno) or Edgewood Tahoe Resort (Stateline, NV), which could be considered 5-star equivalents. These properties are less likely to be publicly listed but may appear in portfolio sales.
   • How to Find: Check platforms like LoopNet (www.loopnet.com) (www.loopnet.com) or DealStream (www.dealstream.com) (www.dealstream.com) for boutique luxury hotels or resorts. For instance, DealStream lists US hotel portfolios that may include Nevada properties managed by brands like Four Seasons or Ritz-Carlton.
   • Example: The Victorian Inn in Sparks (near Reno), a renovated 92-room property, is listed for sale, though it’s not explicitly 5-star. Higher-end resorts in Lake Tahoe may require broker inquiries.
3. Condo-Hotels:
   • Market Context: In Las Vegas, 5-star condo-hotels like Waldorf Astoria Las Vegas, MGM Signature, or Vdara have individual units for sale, which can be considered luxury investments. These units are often marketed as 5-star due to their association with luxury brands.
   • How to Find: Websites like LasVegasRealEstate.org or agents like Leslie Williams (702-321-1763) list condo-hotel units. Prices start at $100,000 for smaller units, with cash purchases often required due to financing restrictions.
   • Example: A 5-star condo unit at the Waldorf Astoria Las Vegas was recently listed for around $500,000 for a one-bedroom suite, offering access to hotel amenities like spas and concierge services.
4. How to Proceed:
   • Brokers: Contact White Stone Brokers (whitestonebrokers.com) or CBRE for off-market 5-star hotel listings in Nevada. These brokers often require NDAs and proof of funds, as seen in high-value sales like the Pierre in NYC.
   • Platforms: Monitor Crexi (www.crexi.com) (www.crexi.com), BizBuySell (www.bizbuysell.com) (www.bizbuysell.com), or BizQuest (www.bizquest.com) (www.bizquest.com) for new listings. LoopNet reported 29 hotel listings in Nevada, some of which may include luxury properties.
   • Financials: Expect cap rates around 8.6% and prices per square foot around $276 USD in Las Vegas. High-end properties may exceed $100 million, depending on size and location.

5-Star Hotels for Sale in Newark, NJ (If Intended)

If you meant Newark, NJ, the search results indicate a lack of current 5-star hotel listings for sale in Newark. Most hotels in Newark are 3- or 4-star, catering to airport travelers or business visitors due to proximity to Newark Liberty International Airport (EWR) and New York City. Here’s a brief overview based on the provided results:

1. Available Hotels:
   • No 5-Star Listings: The search results highlight hotels like Newark Liberty International Airport Marriott (4-star), DoubleTree by Hilton Newark Airport (4-star), and TRYP by Wyndham Newark Downtown (3-star), but none are explicitly 5-star or listed for sale.
   • Example: LoopNet lists five hotel properties for sale near Newark, NJ, but they are not categorized as 5-star, and specific details are limited.
   • Luxury Mentions: Hotels like Conrad New York Downtown and Hotel Barriere Fouquet’s New York are noted as 5-star but are in New York City, not Newark, and not for sale.
2. How to Find:
   • Platforms: Check LoopNet (www.loopnet.com) (www.loopnet.com) or Showcase (www.showcase.com) (www.showcase.com) for hotel listings in Newark. For example, Showcase lists a 67,000 SF hotel in Newark, NY (not NJ) for $1,999,000, but it’s not 5-star.
   • Brokers: Contact local commercial real estate brokers like CBRE or Cushman & Wakefield for potential off-market luxury hotel sales in Newark.
   • Market Context: Newark’s hotel market focuses on airport proximity and business travel, with fewer 5-star properties compared to Las Vegas. Any 5-star hotels would likely be part of larger portfolio sales.
3. Challenges:
   • Newark’s hospitality market is less focused on luxury compared to Las Vegas or Manhattan, making 5-star hotel sales rare.
   • High-value properties in nearby New York City (e.g., The Pierre, listed in 2024 for an undisclosed price) suggest that similar sales in Newark would require discreet broker negotiations.

Clarification and Next Steps

• Assumed Intent (Nevada): Since your previous questions referenced Nevada, I prioritized that context. Las Vegas is the most likely location for 5-star hotel sales, and brokers or platforms like LoopNet are your best bet.
• If You Meant Newark, NJ: The lack of 5-star hotel listings in Newark suggests you may need to expand your search to nearby Manhattan or contact brokers for off-market opportunities.
• Actionable Steps:
  • For Nevada, contact CBRE, Newmark, or White Stone Brokers and monitor LoopNet or Crexi for listings. Specify interest in Las Vegas Strip or Lake Tahoe resorts.
  • For Newark, NJ, explore LoopNet or contact local brokers, but consider nearby NYC for true 5-star properties.
  • Provide proof of funds and be prepared to sign NDAs for high-value sales.