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Transcripts For KLAS 8 News Now At 5 PM 20160108

Time consuming process making sure buyers who have expressed interest have the necessary assets to complete a deal this big. john knott executive Vice President cbre they have, call it 50 million of their own equity, but they bring a fund in with them and the fund says were prepared to support this bid and then all the sudden it becomes a highly credible bider because they demonstrated the Financial Capacity with the support of this multi billion dollar fund as their partner. paul joncich as cbres john knott points out, there arent very many individuals with 650 million in their pocket. He tells me there is Robust Interest from both u. S. And foreign entities. And he expects. Whoev er buys it will finish the existing structure because it would be too costly blow it up and start over. paul joncich heres whats so enticing to investors lately. Las vegas room rates are up. And so is the Hotel Occupancy rate. It was about 82 percent during the recession. In 2015, it was over 90percent. In 2

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