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Elvis Has Left The Building Dept.: Heartbreak Hotel Hosed

By Chuckmonster on Tuesday, 14th April 2009 6:09pm
  » filed under Las Vegas  comments: 2

   

Looks like FX Real Estate and Entertainment Inc. - the folks behind the Elvis Presley themed resort to be located just south of Planet Hollywood have been delisted from NASDAQ and are on the brink of filing for bankruptcy protection.

According to The LV Sun, FX's agreement to license the Elvis name and likeness was cancelled last month due to financial troubles.

FX's main investor is Robert F.X. Sillerman, Chairman and CEO of CKX - who own The Spice Girls, Kelly Clarkson, Carrie Underwood, American Idol and So You Think You Can Dance global franchises, Muhammad Ali, David & Victoria Beckham and are partners with Cirque du Soleil & MGM Mirage on the Elvis show coming to ARIA when it opens in December.

Elvis currently 'holds' just shy of 18 acres of land in the south central portion of the Strip, which is being foreclosed upon, with "Election to Sell." The Buy It Now price: $259M.

I like Elvis. Not the old stuff, but the karate-chopping jokester of the Vegas years. You could say, that I'm a Jumpsuit Junkie.

For whatever reason, the Viva Las Elvis concept never appealed or excited me. Maybe it was the tenuousness of the project's presentation, a lack of locational identity caused by the current hodge podge of buildings or the inherent sense that building a Heartbreak Hotel & Casino is... uh... obvious.



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Comments & Discussion:

I am not shocked by this either but it was an attempt to build a theme hotel and these days I cant disagree with the concept. So whats going to happen with the land I wonder?

i am a huuuge Elvis fan, from Thats All Right to Way Down, but the thought of this one didn't do anything for me, either. i've been to Graceland six times, but i couldn't imagine wanting to spend hours in the place for every vegas trip. it would be low on the list, below peppermill, sahara, and the moulin rouge ruin, and i wouldn't cry if i didn't go at all.
and i am a huge Elvis fan.
why am I even writing this? they aren't even building it? who cares what i think.



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