The Siegel Group Completes Sale of Las Vegas’ Rumor Boutique Hotel for $18 Million

The Siegel Group Nevada, Inc. | January 25, 2017

LAS VEGAS —February 25, 2017 — The Siegel Group Nevada, Inc., a real estate investment and management company founded by Stephen Siegel, announced today that it had completed the sale of the Rumor Boutique Hotel for $18 million. The buyer was an international investment group based out of China which paid the full listing price, which was over 70% higher than the price paid for the property - a testament to the Siegel Group's ability to identify under-valued assets and utilize its hands-on management style and creativity to add substantial value to assets it acquires. The Rumor brand was not included as part of the sale and ...