UPDATE NOV. 8: The $12.8 million penthouse sale atop Palms Place is the highest priced high-rise property sale in Las Vegas history.
George Maloof, head of the ownership team for a decade, was a friend and business associate of Hefner through Playboy’s partnership with Palms and N9NE Group from 2006-2012. George Maloof - part owner of the Sacramento Kings and The Palms Casino Resort in Vegas - was busted for DUI in Vegas late Saturday night. According to cops, Maloof was arrested and booked into the Clark County Detention Center for DUI, speeding, making an illegal left turn, driving without a valid license and having no proof of insurance. The Maloof family has deep ties to Las Vegas. They’re minority owners of the Vegas Golden Knights NHL team and have opened two casinos in the city: the Palms Casino Resort and Fiesta Rancho.
The property has changed ownership from Phil Maloof, who was represented by the Ivan Sher Group, and is now owned by TurnKey Pads, who was represented by Hali's Angels - The Hali Gillin Group.
Adrienne owns 2% of Palms Casino Resort in Las Vegas and is the third child and only daughter of billionaire entrepreneur George J. 18 The impressive property was last sold in 2013 for.
TurnKey Pads, a luxury vacation rental company based in Las Vegas, plans to do some renovations to the penthouse, including installing a helipad with private helicopter.
The property will be available for short term rentals starting at $20,000 per night.
The new ownership is looking to court players from the Vegas Golden Knights and soon-to-be Vegas Raiders.
The property is currently available for New Year's Eve and more information can be found on TurnKeyPads.com.
The Palms Place penthouse is not owned or operated by the Palms hotel-casino or Red Rock Resorts.
ORIGINAL STORY
LAS VEGAS (KTNV) -- A multi-million dollar penthouse is off the market in Las Vegas.
LAS VEGAS (KTNV) -- A multi-million dollar penthouse is off the market in Las Vegas.
The penthouse, located atop Palms Place, is a 25,000-square-foot private residence. It features 360-degree views of the Las Vegas Strip and was recently purchased for more than $12 million.
Phil Maloof previously owned the penthouse and a property spokesperson shared a few images with 13 Action News of the 59th floor residence dubbed 'the Eighth Wonder of the World.'
The penthouse got that nickname as it features private elevator access, three bedrooms, five baths, a fitness room, an elevated DJ booth, resort-style bar and great room.
The residence is also fully equipped with high-tech amenities, that include an over-sized Jacuzzi, a 30-foot movie screen, outdoor space and space to entertain up to 500 guests.
Maloof Palms Casino Ownership Search
Palms Place is located at 4381 East Flamingo Road and connected to the Palms hotel-casino.