With tourist traffic to Laughlin returning from the pandemic, a hotel is for sale there.
The New Pioneer, one of the many casinos that line the banks of the Colorado River about 100 miles southeast of Las Vegas, is on the market for $ 39 million, as seen on the LoopNet commercial properties.
It has more than 400 rooms; Bumbleberry Flats Restaurant, whose menu includes chicken, waffles, and bacon meatloaf; and a private beach.
Its roof and many rooms have been upgraded, said listing agent Khaleda Noor of Award Realty Corp. in the Review-Journal.
Laughlin, a small unincorporated town across the Arizona River, generates a fraction of the volume of visitors and gambling revenue than Las Vegas. The low-key tourist destination has long been known to be popular with retirees who drive and for offering cheap accommodations, sunshine, an open desert, and boating and other activities on the Colorado.
Yet, like in Las Vegas, tourism has plunged in Laughlin after the coronavirus outbreak disrupted daily life and rebounded as vaccines rolled out.
An estimated 117,300 people visited Laughlin in May, and the city generated $ 48.1 million in gaming revenue this month, up from 82,600 visitors and $ 33.5 million in gaming revenue in January, according to figures from the Las Vegas Convention and Visitors Authority.
Pioneer new owner Ray Koroghli acquired the property in 2017, Clark County records show. He could not be reached for comment on Wednesday.
Archon Corp. of the Lowden family, former owners of the Pioneer, as it was once called, said in a 2010 filing with the Securities and Exchange Commission that the casino hotel primarily targets “mature out-of-town customers. Who live in central Arizona and southern California; retirees from the Midwest, Northeast and Canada who travel to the Southwest during the winter; and local.