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Ohio Man Negotiating To Buy Landmark HotelBv ihhoi !) m'HN Construction began in 19*2 but the is located on CbcvenTion Center Drivespace-needle 31-storv hotel never two blocks ast o( the Strip opened because of legal entaglementsM's Suit WriterSecret negotiations are under way (or Summa Corp to sell the Landmark Hotel to an Akron. Ohio tavern owner for *12 milbon. the SUN has learned Sources dose to the talks identilied the potential buyer as Nick Lirdakis. 61 lirdakis has been in Las Vegas since Oct 4 with his attorney attempting to reach a purchase agreement (or the LandmarkSumma officials declined comment on the negotiations but confirmed talks with Lirdakis are being heldAt the same time Summa aeeutnes are a bo negotiating with an investment group (or the Landmark pxirrhsw* 3t 3 price reported as close to *10 million These negotiations are expected to continue (or at least ano'her week before any decision is reached by either side the sources saidAny sale would be contingent on approval of the new owner or owners bv the Nevada Gaming Commission (or licensingSumma, the Howard Hughes organization operates the Landmark Sands. Castaways. Desert bin Frontier and Silver Slipper casinos and hotels in Las Vegas and Harold's Club in Rrr.o Hughes purchased the Landmark in 15*9 (or SI? 3 million wt.ilr the then-rew but never-opened hotel wav m bankruptcyfinancial reverse* and the unacceptabih-ty of its founder and developer Frank Carroll, to the Riming commission (or licensingSince its opening on July 1. 19*9 the Landmark has failed to become a profit-making asset, despite its close proximity to the Las Vegas Convention Center ItThe Landmark has 524 guest rooms and employs some 1200 personsLardakis immigrated to the US in 1949 from (us name Greece and settled in .Akron In 1974 he w?s shot in the leg during z. robbery of his fashionable .Akron home according to new' reports at the timeYemen Prexy Killed; ‘Revenge’ PromisedLONDON UPI - North Yemen's moderate president Col Ibrahim V.oNmroed el Hamad, has been assassinated by rancorous murderers the ru comman-. -ur. il said Wednesday m a broadcast from the :pital lt;4 SanaaThe council v id it chose I' Col Ahmad Hussein al Ghashmi. depu- armed forces chief of statf to lead the country following the loss of the great martyr In a series of Oiiic'in announcements cm Sanaa Radio monitored in Lindon late Tuesday and early Wednesday the command council said criminal, rancorous murder* had slain the 34-year-old president and (us brother. Lt Gil. Abdullah Mohammed el Ha mad iIt said the assassins have betrayed their people and their homeland'' and it vowed revenge but gave no indication of possible suspecuShortly after midnight, the council broke from em*rir»*ev se*smn and announced it had selected Ghashmi to steer both the military and the council Ghasfcm: was among three officers added to Hamadis original *\cn man command council the day alter his coup three years agoThi r»-vliiitnM4 i-nm-riarv' miiml iWlin^l fc .tii n^irr'i1 fi r fK§- I
Newspaper Details
Las Vegas Sun
Las Vegas, Nevada, US
Wed, Oct 12, 1977
Page 1
Full Page
Clipped by
A J.
NV, USA 12 Oct 2017
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