Heartbreak hotel: Elvis project seemingly dead

Plans for building an Elvis-themed hotel on the Strip have apparently gone from unlikely to nearly dead in the wake of cancellation of a third-party acquisition.

In a Wednesday filing with the Securities and Exchange Commission, New York-based FX Real Estate and Entertainment said an agreement to acquire an 85 percent interest in Elvis Presley Enterprises was canceled when a go-private deal for CKX Inc., which licenses the rights to the singer, fell through on Monday.

FX Real Estate, which owns 18 acres on the Strip, announced in September a plan to develop an Elvis-themed hotel-casino was unlikely due to the "dislocation and turbulence in the capital markets."

Source: http://www.lvrj.com/business/33988834.html

How sad. Now that would have really been something wouldnt it