The Icahn company, American Real Estate Partners, disclosed in its most recent quarterly filing with the U.S. Securities and Exchange Commission that it is in preliminary discussions to purchase a Las Vegas casino hotel with 3,000 rooms.
Analysts believe the Las Vegas Hilton hotel could be worth between $100 million and $200 million, according to Barron's.
Icahn told Barron's the negotiations for a Las Vegas property "aren't active," and he wouldn't disclose the name of the property he is interested in buying.