Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, joined CAI Investments, key stakeholders and local officials on Friday, May 13 for a ceremonial groundbreaking event to mark the progress on its new hotel in Reno, Nevada. When it opens in late 2024, the new Kimpton…
Kimpton says downtown Reno hotel — the first Kimpton property in the Silver State — will be “transformative” for downtown. What happens in Vegas does not necessarily stay there, as Las Vegas-based developer CAI Investments broke ground Friday for Nevada’s first Kimpton boutique hotel — in Reno. With properties in…
CAI Investments, LLC, a property manager/developer and private placement sponsor, has purchased a Class A office building in Carson City, Nevada for an undisclosed price. Located at 3850 Arrowhead Drive, the three-story, 96,000-square-foot building is leased to Harley Davidson Financial Services, a subsidiary of Harley Davidson, Inc. (NYSE: HOG) and…
Reno-based Caesars Entertainment Inc. has parted ways with the original Harrah’s casino in downtown Reno. On Wednesday, Caesars closed the sale of the property to Las Vegas developer Chris Beavor, founder of CAI investments, for $41.5 million. The deal was first announced in January. A quarter of the proceeds will…
Kimpton Hotel, a pioneering brand in the boutique hotel segment, is coming to downtown Reno. The San Francisco-based hotel franchise is building its first property in the Biggest Little City in partnership with developer CAI Investments. The Las Vegas-based developer first announced its new Court Street project last year but…
TEMPE, Ariz., Aug. 21, 2019 /PRNewswire/ — CAI Investments, LLC is pleased to announce that it closed the construction loan for the Westin by Marriott hotel in Tempe, Arizona. Construction on the Westin began in March 2019 and the anticipated opening is the second quarter of 2021. “We are pleased…
Harrah’s Reno Hotel and Casino will close after Caesars Entertainment Corp. CZR +1.18% said it agreed to sell the property for $50 million to a real-estate developer, which will turn it into a nongambling resort. The change of business plan highlights the growing challenges facing traditional gambling operators. The 82-year-old…
Panama City Beach, Florida – May 27, 2014 – CBRE Hotels arranged the sale of the 319-room Wyndham Bay Point Resort, a 235,032-square-foot property located at 4114 Jan Cooley Drive in the Bay Point Resort Golf Club, along Saint Andrew’s Bay in Panama City Beach, Florida. CAI Investment Series 2,…
Say goodbye to Harrah’s Reno and hello to Reno City Center. The longstanding gaming icon in the heart of downtown Reno is set to undergo a transformation as a mixed-use property after its sale to Las Vegas-based real estate group CAI Investments. The hotel-casino was sold by VICI Properties and…
The original Harrah’s casino in downtown Reno is trading its slot machines and tables games for market-rate apartments and office space. Caesars Entertainment Corp. announced Wednesday that Harrah’s Reno is set to be sold to Las Vegas developer Chris Beavor, founder of CAI Investments, for $50 million. The sale comes…
Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall…
It’s official. Caesars Entertainment just confirmed that Harrah’s Reno will be sold to an affiliate of CAI Investments for $50 million, closing the chapter on one of downtown Reno’s iconic hotel-casinos. Caesars, which has been leasing Harrah’s Reno from VICI Properties, made the announcement on Wednesday afternoon after news of…
LAS VEGAS , July 10, 2019 /CNW/ — On Wednesday, June 26 , CAI Investments broke ground on the future site of Las Vegas’ first Delta Hotels by Marriott, located at 3883 West Flamingo Road. To celebrate the project, Clark County Commissioner Michael Naft , CAI Investments’ founder, Christopher Beavor…
Two national chains scoop up land parcels in Las Vegas at strong 3.7% and 4.1% cap rates. The retail market is heating up in Las Vegas. CAI Investments has developed and sold two of the land parcels in its larger 3883 Flamingo Center mixed-use project in Las Vegas, which will…
The Palms Casino is getting a new neighbor. Developers are working on a new project that will include restaurants, apartments and a hotel. Christopher Beavor, CEO of CAI Investments, said more industries are moving out of the area, making room for projects like his. He showed FOX5 renderings of the…
Construction of a mixed-use project next to the Palms is underway, with Chick-fil-A, an upscale hotel and a luxury apartment complex set to start taking shape this year, developers said. Source: https://www.reviewjournal.com/business/chick-fil-a-mixed-used-project-coming-near-palms-in-las-vegas-1606798/
Lake Forest, CA (RestaurantNews.com) WHAT: Del Taco Restaurants, Inc. (NASDAQ: TACO), the nation’s second leading Mexican quick service restaurant* (MQSR), is celebrating the official grand opening of its newest Arizona location in Goodyear (1901 North Pebble Creek Parkway) with a ribbon cutting ceremony. The celebration kicked off with a visit…
Construction is underway on a 17-story non-gaming hotel on Flamingo Road, next door to the Palms resort just west of the Las Vegas Strip. The project, called 3883 Flamingo, sits on almost 9 acres and will include multifamily housing and retail, according to the developer, CAI Investments, which hosted a…
By Roland Murphy for Arizona Builder’s Exchange Tempe’s Development Review Commission will consider plans for a new 18-story Westin Hotel at 11 E. 7th St. at its Sept. 26th meeting. The project will feature between 260-290 rooms, 1,800SF of retail space, 1,400SF of restaurant and 12KSF of conference area. The…