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Shopoff Real Estate Investments, in partnership with Contour, has acquired a 5.25-acre development site on the Las Vegas Strip. The developer plans to build a 450-room hotel branded and managed by Dream Hotel Group and entertainment venue on the site, which will be located on the south-end of the strip near the Allegiant Stadium and less than one-mile from Mandalay Bay Resort. The location made it an attractive opportunity for the developer.

“It is an iconic location,” William Shopoff, president and CEO of Shopoff Real Estate Investments. “We are at the south end of The Strip, which has historically been a little bit ignored. We are also less than a mile from Allegiant Stadium, and that whole area is going to be activated be the stadium and all of the events that will take place there. To be a potential anchor to the stadium made this a really interesting dynamic for us.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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