Colony is not yet in Las Vegas
SUN STAFF AND WIRE REPORTS
October 31, 2000
Sun International Hotels Inc. has agreed to sell Resorts Atlantic City casino for $140 million.
Colony Capital LLC, a Los Angeles-based real estate investment fund, and Nicholas Ribis, a former president and
chief executive officer of Trump Hotels & Casino Resorts, announced the deal Monday.
The sale also includes a $40 million option to buy about 10 acres of undeveloped land next to the casino. The deal
is expected to be finalized sometime this winter.
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