The Las Vegas Hilton, the Beverly Hilton and the Chateau Marmont have all been sold, with the three properties going to new owners.
The deals were announced Wednesday, and the sale is expected to be completed by the end of the year.
The sale is the latest of many recent changes in the Vegas landscape, as hotels and casinos are selling or closing and other major assets are being sold.
The Hilton and Marmont are the latest in a string of property sales in the Las Vegas area.
The three properties will be split up into five separate groups.
The three new groups will have four hotels and two casino properties in each, with another two hotels and a casino in the third group.
Each group will be named after a different hotel or casino in Las Vegas.
In the first group, the Hilton will have two hotels, the Wynn Las Vegas and the Mirage Hotel.
In this group, Wynn will be renamed the Wynnes Hotel and the Las Mesas Hotel, and Las Mesias will be called Wynn Place.
In another group, Marmont will be known as the Mirage Las Vegas, and Marconon will be Marmont Plaza.
In yet another group are two hotels in the MGM Grand, and another two in the Venetian.
All three properties have been in the hands of Las Vegas-based real estate broker, Jeff Rosenbaum, since 2006.
This new group of properties will include the Hilton, and a separate group in the Wynns and the Marmonts will be referred to as the Marriotts.
In a statement, Rosenbaum said he is excited to announce that the four properties sold at auction will be used to launch a new family of hotels and condominiums that will combine the character of Las Vegas with a modern feel and modern amenities.
Rosenbaum will be the chairman of the new group, and he will oversee the construction of the Wynndons, Marmosets and other hotels and condo developments in Las Vegas.
A few of the properties in this group include the Sheraton Las Vegas in downtown Las Vegas; the Wynnum in the heart of the Las Palmas shopping district; and the Paradise Suites in the Downtown Las Vegas shopping district.
“We are thrilled to have secured the properties we all know and love and look forward to sharing with our guests and the community,” Rosenbaum told Newsweek.
“We are all very excited about the development of the hotels and condos in the new Las Vegas region, and we look forward working with the partners to make Las Vegas one of the most dynamic and attractive destinations in the world.”
The sale of the three hotels and three condominium buildings, including the Marconons, will be subject to the approval of the Nevada Gaming Commission, which will oversee any future developments.
According to Rosenbaum’s statement, the three casinos will remain open and operational, with new casinos expected to open in the coming years.