Thursday, June 4, 1998 | 10:32 a.m.
Hilton Hotels Corp. has made a $60 million offer to buy the Las Vegas Country Club. The bid, which a Hilton spokesman termed "our final offer," calls for repayment of $5 million in debt and distribution of $55 million cash to the club's 650 members, who would receive about $84,600 each. The LVCC board previously rejected a $50,000-per-member offer. "We hope the LVCC board will bring this very generous and final offer to its members for a vote," Hilton Senior Vice President Marc Grossman said. Hilton wants the course as an amenity for its hotel customers and owners of its time-share project at the Las Vegas Hilton, which sits on the opposite side of Joe E. Brown Drive from the golf course. Hilton previously had an arrangement with American Golf Inc., owner of the Las Vegas National (formerly the Sahara) Golf Club on East Desert Inn Road, under which the course carried the Hilton name and gave Hilton reserved tee times. But Hilton and AGI ended their pact when Hilton decided to acquire its own course.
archive
