Archon Corporation (ARHN)
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Archon Corporation Profile
| Hotel & Resort REITs Industry | Real Estate Sector | Paul W. Lowden CEO | OTC PINK Exchange | 03957P309 CUSIP |
| US Country | 321 Employees | - Last Dividend | 13 Sep 1995 Last Split | - IPO Date |
Overview
Archon Corporation is a diversified company with a focus on the gaming and real estate industry, primarily operating in the United States. Founded in 1991 and headquartered in Laughlin, Nevada, Archon Corporation operates through its subsidiary, Pioneer Hotel Inc. The company's main business activities include the ownership, management, and operation of casinos and hotels. Archon Corporation has successfully expanded its operations to include significant real estate holdings, featuring properties in prime locations such as Las Vegas Boulevard South in Las Vegas, Nevada, and commercial office spaces in Dorchester, Massachusetts, indicating a strategic diversification beyond its primary gaming sector.
Products and Services
- Casino and Hotel Operations
Archon Corporation operates the Pioneer Hotel & Gambling Hall located in Laughlin, Nevada. This flagship property includes a casino, offering guests a variety of gaming options in a vibrant and dynamic environment. The Pioneer Hotel & Gambling Hall serves as a cornerstone of Archon Corporation's hospitality and gaming sector, contributing to its reputation and financial stability.
- Real Estate Properties
The company owns valuable real estate properties on Las Vegas Boulevard South in Las Vegas, Nevada. These properties are strategically located in one of the most iconic and high-traffic areas in the world, offering significant potential for commercial development and investment opportunities. Archon Corporation's investment in these prime locations underscores its diversified growth strategy and commitment to expanding its real estate portfolio.
- Rental Properties
In addition to its casino and hotel operations, Archon Corporation owns rental properties including commercial office space in Dorchester, Massachusetts. These properties provide a steady stream of rental income and contribute to the company's diversified revenue sources. The inclusion of commercial office spaces in its portfolio reflects Archon Corporation's strategic approach to asset management and its ability to attract a variety of tenants.
