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Tallest building on Las Vegas Strip sold

One of the tallest buildings in Las Vegas has been sold.

The partially built Fontainebleau hotel has been sold to real estate investment firms Witkoff and New Valley.

Billionaire Carl Icahn sold the property for $600 million after buying it for around $150 million during the recession.

Witkoff has not said what it plans to do with the property.

It also did not say what the new name might be.

John Knott, a former listing broker for Fontainebleau, said it would cost $900 million to $1.6 billion to complete.

The Fontainebleau was originally envisioned as a $2.8 billion, 3,815-room project.

Amenities were slated to include 24 restaurants and lounges, a spa and casino, and a 3,300-seat performance hall.

Construction began in 2007. The hotel was slated to open in 2009 but the project went bankrupt.

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