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Shopoff Realty forms JV with Contour for Las Vegas Strip boutique hotel
Transactions - FEBRUARY 18, 2020

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Shopoff Realty forms JV with Contour for Las Vegas Strip boutique hotel

by Released

Shopoff Realty Investments and Contour have entered into a joint venture agreement and have acquired 5.25 acres of vacant land on the Las Vegas Strip.

“Las Vegas continues to be a vacation destination for people from across the United States and abroad, and this property’s location on the historic Las Vegas Strip gives it great potential as an investment,” said William Shopoff, Shopoff Realty Investments’ president and CEO. “Utilizing our entitlement and real estate expertise, the Shopoff and Contour teams will work diligently with the city to help bring this project to life.”

The land is located at 5051 S. Las Vegas Blvd. near the intersection with Russell Street, less than one mile from the Mandalay Bay Resort.  And the land is ideally located in a qualified opportunity zone.

“This was a rare opportunity to harness the momentum of the Vegas market by investing in a prime location that will yield tremendous future growth,” said Steven Yazdani,

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