Assets
Hotel · Las Vegas Strip

Wynn Las Vegas + Encore

3131 South Las Vegas Boulevard, Las Vegas Strip · Built 2005 · 45 floors
Partial
Current value
$5.20B
4.4% 1-yr (modeled)
Cap rate
Free account
Value $/SF
$897
$4.18B$4.46B$4.75B$5.03B$5.31B201920202021202220232024Modeled trajectory — no observed history
sourcedmodeled0 of 6 sourced

Ownership & debt

Ownership chain & debt stack
Owner of record: Wynn Las Vegas, LLC (owns and operates the resort real estate).
1 recorded holder · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
2 debt tranches on file — lender, principal, rate and maturity.

Financials

Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.

Underwriting

Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.