Paradise Road

Flamingo Road

MIKE MIXERExecutive Managing Director | Las VegasLas Vegas Resort & Gaming Group+1 702 836 3777 mike.mixer@colliers.com

MGM SIGNATURE TOWERS MANDARIN

ORIENTAL

ARIA CITY CENTER VEER TOWERS

VDARRA

THE COSMOPOLITAN

BELLAGIO

PALMS

THE CROMWELL

FLAMINGO

RIO ALL SUITE

CAESARS PALACE

THE LINQ

THE MIRAGE

HARRAHS

PARIS

PLANET HOLLYWOODHILTON GRAND

VACATIONS

In The Heart Of The Las Vegas Resort Corridor

±8.15 Acres LandFOR SALE

3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169

T+1 702 735 5700F +1 702 731 5709

www.colliers.com/lasvegas

MIKE MIXERExecutive Managing Director | Las VegasLas Vegas Resort & Gaming Group+1 702 836 3777 mike.mixer@colliers.com

In The Heart Of The Las Vegas Resort Corridor

FOR SALE

±8.15 Acres Land HARRAH’S

THE QUAD

WESTIN

TUSCANY

FLAMINGO

BALLY’S

PARIS

THE CROMWELL

PLANET HOLLYWOOD

RESIDENCES @ MGM

WYNDHAM GRAND DESERT

BLUEGREEN TIMESHARE

ALEXIS PARK

HARD ROCK HOTEL & CASINO

MGM GRAND

THE HC

PA

RA

DIS

E RO

AD

LAS

VEG

AS

BO

ULE

VA

RD

HARMON AVENUE

FLAMINGO ROAD

KO

VA

L LA

NE

PLATINUM

SUPER 8

ELLIS ISLAND CASINO

SILVER SEVENS CASINO

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.

±8.15 Acres LandSITE

TROPICANA AVENUE

UNLV LAND

Las Vegas Resort Development Site FOR SALE: MARKET PRICE

Property Highlights

• 8.15 Acres• H-1 Zoning, best zoning in Las Vegas• Inside Gaming Overlay• Direct access to the Strip via busy Flamingo Road• Ideal location between McCarran International Airport

& Las Vegas Convention Center• Development uses include hotel, residential, retail, office,

restaurant, timeshare Las Vegas Market Highlights

• Las Vegas is poised to set another visitor volume record in 2017 – over 43 million• Average city wide hotel occupancy is now over 90%• Convention business is booming: Record convention delegate attendance in

2016 (6.3 million attendees)• $1.4 billion Las Vegas Convention Center expansion approved• Airline passengers to McCarran International Airport to hit new passenger

record in 2017 – over 47.8 million passengers expected• Multi-family vacancy in Southern Nevada is now down to 4.2%

377 E FLAMINGO ROAD, LAS VEGAS, NV 89169

CAESAR’S EXPANSION SITE

LINQ

3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169

T+1 702 735 5700F +1 702 731 5709

www.colliers.com/lasvegas

MIKE MIXERExecutive Managing Director | Las VegasLas Vegas Resort & Gaming Group+1 702 836 3777 mike.mixer@colliers.com

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.

VALL

EY V

IEW

BOU

LEVA

RD

LAS

VEGA

S BO

ULEV

ARD

FLAMINGO ROAD

HARMON AVENUE

SPRING MOUNTAIN ROAD

KOVA

L LAN

E

CAESARS ASSEMBLAGE (BEHIND THE LINQ)

• 2.04 acres

• $5.37m Per acre

• $10.95 million

• Date sold Jan 2017

HUGHES CENTER LAND PARCEL

• 6.08 Acres

• $2.6m per acre

• $15.86 million

• Date Sold March 2017

150 HARMON AVENUE

(NEAR KOVAL)

• 1.62 acres

• $4m per acre (land)

• $7.45 million

• Sold Jan 2017. Existing medical building, but

mainly land value

BLUE GREEN TIMESHARE EXPANSION SITE

• 4.11 acres

• $1.46m per acre

• $6 million

• Date sold Aug 2016

SEC PARADISE

& TWAIN

• 0.62 acres

• $3.87m per acre

• $2.4 million

• Date sold Jan 2017

• Vacant corner pad

HARD ROCK TREE

LOT LAND

• 4.10 acres

• $1.32 per acre

• $5.4 million

• Date sold Nov 2015

• Part of assemblage

NEC FLAMINGO & PARADISE

• 5.14 acres

• $500k per acre

• $3 million

• Date sold Jan 2015

TROPICANA & KOVAL

• 42 acres

• $1.19m per acre

• $50 million

• Date sold December 2015

PARADISE ROAD

REBEL GAS STATION

• 1.08 acres

• $2.8m per acre

• $3 million

• Date sold December 2015

RETAIL STORE PARADISE

• 1.35 acres

• $7.6m per acre

• $10 million

• Date sold December 2015

VACANT LAND

• 11 acres

• $1.8m per acre

• $20 million

• Date sold April 2014

RUMOR BOUTIQUE HOTEL

• 4.09 acres

• $3.8m per acre

• $15.5 million

• Date sold January 2017

SITE

This map depicts the areas most recent and relevant comparable sales. The subject property enjoys a premium location and excellent zoning. Pricing

guidance will fall at the higher end of the comparable sales range.

• Record Las Vegas visitor volume has driven land prices on the Strip to $10M+ per acre

• Resort Corridor land pricing east of the Strip has now surpassed $3M per acre

• Recent comparable sales in the resort corridor demonstrate a steady rise in land valuations and signal the return of new development in the corridor

RECENT SALES

3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169

T+1 702 735 5700F +1 702 731 5709

www.colliers.com/lasvegas

MIKE MIXERExecutive Managing Director | Las VegasLas Vegas Resort & Gaming Group+1 702 836 3777 mike.mixer@colliers.com

The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.

Las Vegas Boulevard

Paradise Road

LAS VEGAS CONVENTION CENTER DISTRICT PROJECT

OUTDOOR PLAZA

OUTDOOR EXHIBIT

NEW EXHIBIT HALL

UPGRADES/RENOVATIONS

EXHIBIT HALLS CONNECTOR

NEW MEETING ROOMS

WYNN RESORTS PARADISE PARK WATERFRONT

LAGOON $1.5 BILLION

LAS VEGAS CONVENTION CENTER DISTRICT PROJECTLas Vegas Resort Corridor Development

NEW EAST LOBBY ENTRY