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Entitled Hotel Development on a 2.07 Acre 5825 Polaris Ave 340 Room Hotel Las Vegas, NV 89118 $9,587,970 CAD ($28,200 CAD/Room)
Investment Highlights
- 700 Feet from Allegiant Stadium
- Entitled Project, FAA approval for 26 stories
- Immediate access to Harry Reid International Airport (LAS), Interstate 15, T-Mobile Arena, and every major South Strip venue
Executive Summary
Hotel & Spa Development on a 2.07 Acre Site | 700 Feet from Allegiant Stadium
A rare, institutional-grade opportunity to develop a full-service hotel, spa, and dining destination in one of the most commercially visible and demand-rich locations in Las Vegas. Positioned just 700 feet from Allegiant Stadium and steps from the heart of the South Las Vegas Strip, the site sits at the convergence of professional sports, world-class entertainment, convention traffic, and next to the Airport.
The Development
320 keys, a 26-story, 290-foot tower rising over a five-level podium parking structure. The program includes:
Elevated pool and sun deck at the 70-foot elevation
Full European spa
Professional-grade fitness facility
Five food and beverage venues, anchored by a retractable glass-enclosed rooftop speakeasy and club
Unmatched Location & VisibilitY
The Investment
Few sites in Las Vegas offer this combination of demand generators: Raiders home games, stadium concerts and marquee events, T-Mobile Arena programming, Strip tourism, airport-adjacent convenience, and convention overflow — all within walking distance. The elevated amenity deck and rooftop venue are purpose-designed to capture dramatic sightlines of both the Strip skyline and Allegiant Stadium, creating defensible differentiation in the Las Vegas luxury hospitality market.
A rare, institutional-grade opportunity to develop a full-service hotel, spa, and dining destination in one of the most commercially visible and demand-rich locations in Las Vegas. Positioned just 700 feet from Allegiant Stadium and steps from the heart of the South Las Vegas Strip, the site sits at the convergence of professional sports, world-class entertainment, convention traffic, and next to the Airport.
The Development
320 keys, a 26-story, 290-foot tower rising over a five-level podium parking structure. The program includes:
Elevated pool and sun deck at the 70-foot elevation
Full European spa
Professional-grade fitness facility
Five food and beverage venues, anchored by a retractable glass-enclosed rooftop speakeasy and club
Unmatched Location & VisibilitY
The Investment
Few sites in Las Vegas offer this combination of demand generators: Raiders home games, stadium concerts and marquee events, T-Mobile Arena programming, Strip tourism, airport-adjacent convenience, and convention overflow — all within walking distance. The elevated amenity deck and rooftop venue are purpose-designed to capture dramatic sightlines of both the Strip skyline and Allegiant Stadium, creating defensible differentiation in the Las Vegas luxury hospitality market.
Property Facts
| Price | $9,587,970 CAD | Lot Size | 2.07 AC |
| Price Per Room | $28,200 CAD | Construction Status | Abandoned |
| Sale Type | Investment | Building Size | 90,000 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 340 |
| Property Type | Hospitality | No. Stories | 26 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | EM-CR - Planned Land Use: Entertainment Mixed-Use (EM) - Density: allows 18 or more du/ac Zoning Classification: Commercial Resort (CR) | ||
| Price | $9,587,970 CAD |
| Price Per Room | $28,200 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.07 AC |
| Construction Status | Abandoned |
| Building Size | 90,000 SF |
| No. Rooms | 340 |
| No. Stories | 26 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | EM-CR - Planned Land Use: Entertainment Mixed-Use (EM) - Density: allows 18 or more du/ac Zoning Classification: Commercial Resort (CR) |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Spa
- On-Site Bar
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $1,012 CAD | - |
| Guest Room | 338 | $383.52 CAD | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $406,427 CAD | |
| Land Assessment | $668,036 CAD | Total Assessment | $1,074,463 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$668,036 CAD
Improvements Assessment
$406,427 CAD
Total Assessment
$1,074,463 CAD
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Entitled Hotel Development on a 2.07 Acre | 5825 Polaris Ave
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