[dragonsky]

South Point owner Gaughan buys additional land surrounding hotel

Property records indicate that Gaughan bought 29.4 acres near South Point for $17.1 million since early last year. His most recent purchase closed Oct. 31 and was a steep discount from what prior owners paid during the real estate bubble a decade ago.

Altogether, Gaughan’s new parcels form an L-shape of sorts that extends south of the casino-resort along Interstate 15. Clark County commissioners in March approved plans for an outdoor, equestrian staging area for South Point – which has a 4,600-seat equestrian arena and hosts bull-riding contests, horse shows and other events – and a new 28,800-square-foot maintenance building with carpentry and auto-repair shops.

It seems unlikely that hotel guests would notice the project. But it’s yet another expansion effort by Gaughan, who in the past eight years has added, among other things, casino space, bowling lanes and a third hotel tower to South Point, located at 9777 Las Vegas Blvd. South, some six miles south of the Strip.

http://www.reviewjournal.com/busines...rounding-hotel