Las Vegas: Motel property on north Strip lists for $52M

Las Vegas: Motel property on north Strip lists for $52M

Article brief provided by Las Vegas Review-Journal
  • Eli Segall, Las Vegas Review-Journal
April 24, 2022 5:29 PM
  • Eli Segall, Las Vegas Review-Journal

Motels on the Strip can seem a bit out of place these days.

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Las Vegas Boulevard’s decades-old motor lodges are small, no-frills affairs – and they look especially tiny near the massive hotels and other high-rises that now loom overhead.

Still, motels occupy chunks of real estate in the famed casino corridor, and one is up for sale at a hefty price.

Haim Gabay, owner of the 100-room Travelodge next to Circus Circus, is trying to sell the nearly 1.8-acre north Strip property for $52 million. The offering, seen on listing site LoopNet, includes an adjacent three-story commercial building along Las Vegas Boulevard with a souvenir shop selling Vegas-themed merchandise.