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SOUTHWEST SECURITIES v. AMFAC, INC.

No. 24235.

879 P.2d 755 (1994)

110 Nev. 1036

SOUTHWEST SECURITIES, a Nevada Limited Partnership, Appellant, v. AMFAC, INC., a Hawaii Corporation; AMFAC Hotels and Resorts, Inc., a Delaware Corporation, Respondents.

Supreme Court of Nevada.

August 18, 1994.

Attorney(s) appearing for the Case

Galane, Tanksley, Rickdall & Ballif, Las Vegas, for appellant.

Lionel Sawyer & Collins, Las Vegas, for respondents.

OPINION

PER CURIAM:

BACKGROUND

At the heart of the underlying dispute is a real property lease to the Marina Hotel & Casino (Marina), formerly located on the southern end of the Las Vegas Strip. Appellant Southwest Securities (Southwest) was the owner and landlord of the Marina.

On October 30, 1973, Southwest executed a hotel lease agreement with Resorts, Inc., a wholly owned subsidiary of Amfac, Inc. (AMFAC), a Hawaii...

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