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New Hotel To Be Built Near LV Motor Speedway

A Las Vegas company is planning a 125-room hotel by the Las Vegas Motor Speedway.

Vegas Inc. reports that CAI Investments announced Wednesday that it has signed an $18 million deal for the development. The hotel will be a Starwood Hotels-branded development.

The company says construction should begin in July and last for about a year.

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Once complete, the hotel will be operated by Crescent Hotel Management. It is expected to create 29 permanent jobs and 59 construction jobs.