Houston billionaire Tilman Fertitta has planted a flag on the Strip.
Fertitta completed his acquisition Wednesday of roughly 6.2 acres of real estate at the southeast corner of Las Vegas Boulevard and Harmon Avenue, according to property records and business-entity filings. His purchase price, $270 million, amounts to more than $43 million per acre, records show.
A source with Fertitta’s company Fertitta Entertainment confirmed to the Review-Journal that the deal closed but did not say what they plan to do with the site.
Spectrum Group Management managing partner Jeff Schaffer, whose firm owned the property with other investors, said Fertitta went under contract to buy the site from his group about six months ago.
