facebook
twitter
search
search

Hard Rock in Las Vegas to keep rocking

Feb. 8, 2011 at 1:32 PM
| License Photo

LAS VEGAS, Feb. 8 (UPI) -- A lender's attorney in Las Vegas said a scheduled auction of foreclosure for the city's Hard Rock Hotel had been canceled due to a last minute deal.

Lenders agreed to new terms that had been hammered out over the weekend, canceling Tuesday's expected auction, the Las Vegas Sun reported.

NorthStar Realty Finance Corp. attorney Jeff Silver said, "The lenders and borrowers have reached an agreement going forward that would make the foreclosure tomorrow unnecessary."

"I would applaud the gaming agencies and (casino management firm) Navegante for working with the parties to keep the property operating," he said.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
Bleak outlook for oil has Russian investors pulling back
Shoot-from-the-hip, around corner sighting capability unveiled
Rhode Island to get offshore wind farm
Oil prices off slightly after China stock market decline
Airbus Helicopters announces factory acceptance of training aircraft