Shopoff DLV QOZ will provide the equity for construction of the brand-new $545 million Dream Las Vegas hotel on the Las Vegas Strip.
Shopoff’s DLV QOZ, LLC seeks up to $186 million in investor capital for the development and ownership of the Dream Las Vegas, Hotel and Casino, located on a 5.25-acre site on the Las Vegas Strip. Located in a Qualified Opportunity Zone (“QOZ”), the project will provide potentially advantageous tax benefits
to investors. The partnership is expected to hold the project for 10 years to realize the full benefits of the QOZ, however an early liquidation of the Fund and/or sale of the Hotel or the Casino could result in tax. The Fund offers prospective investors an opportunity to defer and reduce capital gains for federal income tax purposes pursuant to an investment in a QOZ. The potential tax benefits related to this Fund are the federal income tax aspects, and state, local or other tax implications may vary.
The Project is located on a 5.25-acre site on the world famous Las Vegas Strip at 5051 Las Vegas Blvd. The Project is anticipated to comprise a 20-story, single facility including 490,000 square feet of hotel space, 26,000 square feet of gaming space and 280,000 square feet of parking, with 825 spaces. The Site is located within a qualified opportunity zone. We anticipate receiving approvals for entitlements in 2021. When complete the Hotel will include 525 luxury lifestyle rooms and suites, food and beverage venues, a pool and day club, retail venues and a full-service fitness center. In addition, the casino is anticipated to house 250 slot machines, 20 table games, and a sports book.
The property is located less than one mile from Mandalay Bay Resort, and also provides convenient access to McCarran International Airport, adjacent to the Signature private aviation terminal. In addition, the hotel is well located near other notable attractions, including the new Allegiant Stadium (home to the National Football League’s Las Vegas Raiders), the T-Mobile Arena (home to the National Hockey League’s Las Vegas Golden Knights) as well as numerous hotels and casinos along the Las Vegas Strip.
|Fund Manager:||Shopoff Realty Investments|
|Asset Classes:||Real Estate|
|Fund Status:||Open to new investors|
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