Interest in Downtown Continues As Investors Pay $5 Million for Travel Inn

August 29, 2007

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By Benjamin Spillman

Add the Travel Inn to the list of pending reclamation projects in downtown Las Vegas. Real estate investors who specialize in troubled Las Vegas properties paid $5 million for the dilapidated, 58-room hotel on Las Vegas Boulevard between Stewart and Ogden avenues. The investors include Stephen Siegel, founder of the company that owns Siegel Suites extended stay hotels in Las Vegas, and John Tippins of Tippins Holding, a commercial real estate company with property in Nevada, Arizona and Colorado.

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