El-Ad Properties is a New York City-based development firm ownedby El Ad Group, an Israel-based real estate developmentconglomerate controlled by Israeli billionaire Yitzhak Tshuva.El-Ad owns among other things the recently renovated Plaza Hotel inNew York City.

InAugust, El-Ad and Tel Aviv-based Property & BuildingLtd. paid $1.24 billion for the 34.5-acre New Frontier Hotel Casinoacross from Wynn Las Vegas, which was demolished last week inpreparation for a $5-billion redevelopment that also would carrythe Plaza name.

Tamares Las Vegas Properties is an LLC of Tamares Real Estate,which is a division of the Tamares Group, a privately ownedworldwide investment company headquartered in Vaduz, Lichtenstein.The company's portfolio includes such landmarks as 1500 Broadway onTimes Square in New York, and Princes House on Piccadilly in theheart of London's West End. Tamares Real Estate first invested inDowntown Las Vegas during March 2004, when it purchased a 40-acreportfolio including a number of hotel and casino properties.