Holiday Inn Opening Next Month

LAS VEGAS-Blackstone Capital Group of Santa Monica, CA, will open a 129-room hotel property next to the University of Nevada-Las Vegas next month. Located off Flamingo Road, just east of Paradise Road, the new development will be operated by publicly-traded InterContinental Hotels Group, the largest hotel group by room count.

Holiday Inn Las Vegas offers a variety of amenities including an outdoor pool, fitness center and Forte Grille, a restaurant. Blackstone Group acquired the land for the development in July 2005 via Flamingo Structures LLC, paying Nevada Restaurant Authority $3.7 million for a 1.1-acre site at 4055 Palos Verdes. Blackstone says its total investment in the property is $35 million.