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It marks a rare real estate deal for the sleepy southern edge of the Strip and carries an unusual backstory, as the late owner — without his estranged wife’s knowledge — allegedly transferred the motel’s ownership to a trust he had formed with his mistress, according to court documents.
Three years after trying to sell a chunk of the Strip, a group of investors has put the property back on the market — and they’re asking a lot more this time.
More than any other casino developer, Steve Wynn shaped the look and feel of today’s Strip. He brought size and luxury to the corridor, boosted tourism, sparked a megaresort building boom and accumulated billions in wealth.
