Station Casinos has continued its flurry of real estate transactions throughout the Las Vegas Valley by selling a 56.6-acre tract on the northern end of Las Vegas Boulevard to hospital chain HCA Healthcare for a total sale price of approximately $62.3 million, according to property records.
The tract is located south of the Strip, near the intersection of Las Vegas Boulevard and Cactus Avenue.
Per public records, the sale closed just before the end of the year, and the general consensus is that HCA will use the property to develop a new medical campus on one the busiest streets in the city.
Station confirmed to the Las Vegas Review-Journal that the land had been sold, but declined to comment further.
Antonio Castelan, communications manager for HCA, told the Review-Journal that as of now, “no specific plans have been made on the use of the land.”
HCA has a big presence in Las Vegas, as the Nashville-based company already operates three hospitals in the area, those being the MountainView, Sunrise and Southern Hills campuses. The company operates more than 150 hospitals nationwide.
Station has had no shortage of activity over the last six months, as the company has bought and sold numerous plots of land and continued its various construction projects throughout that time.
Last July, the operator made a big splash by swooping up 126 acres across the street from the land it just sold to HCA for approximately $172 million. Not long after, Station announced it would then demolish three of its properties that never reopened from the Covid-19 pandemic—Fiesta Rancho, Fiesta Henderson and Texas Station.
Before 2022 ended, the company also sold 21 acres near its ongoing Durango casino-resort project in the southwest corner of the valley for $24 million and purchased 67 acres in North Las Vegas for $55 million.
Speaking of Durango, the $750 million project is slated to open by the end of this year. It is expected to feature 83,000 square feet of gaming space as well as dining options and a 15-story hotel tower.
Once Durango opens, however, it is unclear what direction the company
plans to take after that in terms of construction and development.
