vector group
Witkoff & New Valley LLC Celebrate Topping Out of The West Hollywood EDITION Hotel and Residences
Witkoff | October 6, 2017
NEW YORK--October 6, 2017 -- Witkoff, a global real estate development and investment firm, and New Valley LLC, the real estate subsidiary of Vector Group Ltd. (NYSE: VGR), announced today the topping out of The West Hollywood EDITION Hotel and Residences, an innovative two-tower development that is poised to redefine luxury lifestyle in West Hollywood. This bold, high-profile project is the west coast flagship of the EDITION brand and marks Witkoff's entry into the Los Angeles market. Designed by renowned architect John Pawson in collaboration with Ian Schrager, The West Hollywood EDITION Hotel and Residences will feature 190 stylish g...
Witkoff, Together with New Valley LLC, Acquires “Undervalued” Las Vegas Hotel, Formerly Known as the Fountainbleau, for $600 Million
Witkoff | August 30, 2017
NEW YORK-August 30, 2017-Witkoff, a global real estate development and investment firm, together with New Valley LLC, an investment company owned by Vector Group, today announced that they have acquired the significantly undervalued resort hotel located at 2755 Las Vegas Boulevard South in Las Vegas (formerly known as the Fountainbleau), for $600 million. The acquisition, which was acquired at a substantial discount to replacement cost, a core part of Witkoff's investment strategy, marks the Company's foray into the supply-constrained and fundamentally strong Las Vegas market. Witkoff spent four months conducting its due diligence on th...
