In July 1968, there were five firms interested in purchasing the Landmark, which was expected to sell for $16 million to $17 million.
One of the firms, Olla Corporation, withdrew consideration of a purchase later that month, while an announcement of the resort's sale was expected within several days.
Several companies made purchase offers that were ultimately rejected, including Rosco Industries Inc., based in Los Angeles.
On October 12, 1968, Caroll denied a report that the Landmark would be leased to Royal Inns of America, Inc. and operated without a casino.
At the time, negotiations were underway with three corporations interested in purchasing the resort.

On October 23, 1968, billionaire Howard Hughes reached an agreement to purchase the Landmark through Hughes Tool Company for $17.3 million, after previously denying reports in March 1968 that he was interested in purchasing the project.
As part of the sale agreement, Hughes' Hotel Properties, Inc. would accept responsibility for approximately $8.9 million owed to the Teamster Union, as well as approximately $5.9 million in other debts and a balance of $2.4 million to Plaza Tower, Inc. At the time of the agreement, Hughes also owned five other hotel-casinos in Las Vegas.
The United States Department of Justice launched an antitrust investigation into Hughes' proposed purchase, after previously investigating his attempt to purchase the Stardust Resort and Casino.
As part of the investigation, the Department of Justice attempted to determine if there were other prospective buyers for the Landmark.
By December 1968, negotiations were underway with several interested firms, including a $20 million offer from Tanger Industries, a holding company based in El Monte, California.
In July 1968, there were five firms interested in purchasing the Landmark, which was expected to sell for $16 million to $17 million. One of the firms, Olla Corporation, withdrew consideration of a purchase later that month, while an announcement of the resort's sale was expected within several days. Several companies made purchase offers that were ultimately rejected, including Rosco Industries Inc., based in Los Angeles. On October 12, 1968, Caroll denied a report that the Landmark would be leased to Royal Inns of America, Inc. and operated without a casino. At the time, negotiations were underway with three corporations interested in purchasing the resort.
On October 23, 1968, billionaire Howard Hughes reached an agreement to purchase the Landmark through Hughes Tool Company for $17.3 million, after previously denying reports in March 1968 that he was interested in purchasing the project. As part of the sale agreement, Hughes' Hotel Properties, Inc. would accept responsibility for approximately $8.9 million owed to the Teamster Union, as well as approximately $5.9 million in other debts and a balance of $2.4 million to Plaza Tower, Inc. At the time of the agreement, Hughes also owned five other hotel-casinos in Las Vegas. The United States Department of Justice launched an antitrust investigation into Hughes' proposed purchase, after previously investigating his attempt to purchase the Stardust Resort and Casino. As part of the investigation, the Department of Justice attempted to determine if there were other prospective buyers for the Landmark. By December 1968, negotiations were underway with several interested firms, including a $20 million offer from Tanger Industries, a holding company based in El Monte, California.
Landmark (hotel and casino)