Billionaire activist investor Carl Icahn sold the Fontainebleau Las Vegas resort project to a group led by New York developer Steve Witkoff for $600 million, the New York Post reported Wednesday.
Ichan purchased the $3 billion project in 2010 for $150 million after the original developer ran out of money and filed for bankruptcy during construction.
The 68 story condo/hotel will feature 3,889 rooms and sits on a 27-acre site on the north end of the Las Vegas Strip.
Icahn, who has been trying to unload the asset for over two years, called the resort one of his company's hidden gems.
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