Tuesday, September 8, 2009

The Siegel Group Acquires Distressed St. Tropez Hotel in Las Vegas, Nevada

LAS VEGAS--(BUSINESS WIRE)--The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company, today announced that it had completed its acquisition of the St. Tropez, a 150 room all-suite hotel situated on approximately 4.09 acres of land in Las Vegas, Nevada. The purchase price was $10.5 million with financing provided by the seller which just weeks earlier foreclosed on the property.

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