The Fontainebleau in Las Vegas isn’t getting finished anytime soon. In fact, they are selling off the furniture of their 70% completed hotel.
While the project, which is 70 percent complete, sits idle on the Las Vegas Strip, Icahn has started selling off beds, dressers, TVs and other furnishings, according to a source.
I could use all of that. Does anyone want to go shopping for me? Seriously.
Carl Icahn was able to buy the property for $151 million. I know the real estate market in Las Vegas is down and not going up any time soon. However, he should be able to recoup a good amount of that investment – if not all or more – in the future.