L.A. Co. Buys L.V. Hilton
Los Angeles–based Colony Capital is buying the Las Vegas Hilton for $280 million and plans to renovate the 34-year-old hotel adjacent to the Las Vegas Convention Center, where MAGIC International holds its biannual show. In February, the Hilton will host three apparel-related trade shows: the ASAP Global Sourcing Show, the off-price International Apparel Show, and contemporary and alternative show Pool. Colony Capital’s proposed renovations for the Hilton include repositioning the casino floor, upgrading the guest rooms and adding new facilities.
