The buyer is Dhillon Hospitality Management Inc. Inked inOctober and originally scheduled to close this month, the$7.2-million sale is now slated to close Feb. 11, 2008.
In return for the extension, Dhillon placed $125,000 in anon-refundable escrow account, adding to the original $75,000non-refundable deposit. No other changes were made to the originalpurchase agreement, according to an SEC filing.
Full House acquired the Holiday Inn and the adjacent Stockman'sCasino in January for $27 million. The hotel has indoor and outdoorpools, sauna, fitness center, business center and meeting rooms.The casino has approximately 8,400 sf of gaming space, a bar, afine dining restaurant and a coffee shop.
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