CAPITAL IS THE ONE FOR VACATION VILLAGE

November 24, 2001 11:06 PM
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The bankrupt Vacation Village hotel-casino was sold to Las Vegas developer Capital One for $17.8 million.

"We're going to analyze our options over the next few weeks," Capital One owner Shawn Scott told the Las Vegas Sun.

The plan is to keep the 25-acre, 315-room Vacation Village open on a short-term basis. Scott beat out 12 other bids for the property.

Vacation Village, which employs 350 workers, listed assets of $148.7 million and liabilities of $21.3 million when filing for Chapter 11 bankruptcy protection in September 2000.