Located in the Las Vegas Arts district at 1027 S Main st. #110, BHOF is a tourist destination and non-profit 501 (c)(3) educational organization offering tours of its vast Collection of costumes, memorabilia, props and ephemera from burlesque's heyday through contemporary practice; classes for individuals and groups at all levels including beginner; movie screenings; research access for students and journalists; and a gift shop.

In 2006, The Burlesque Hall of Fame relocated from Helendale to Las Vegas, NV, to establish itself as a permanent tourist attraction and exhibition space for its collection.

This Miss Exotic World competition is in its 29th year (as of 2019), and has grown to become The Burlesque Hall of Fame Weekender, a four-day convention held annually in Las Vegas that includes class, vending, museum tours, pin-up safaris, and four nights of showcases: Movers, Shakers, and Innovators; The Titans of Tease Reunion (now in its 68th year); The Miss Exotic World Competition; and Icons and All-Stars.

Retired dancer Jennie Lee started collecting burlesque memorabilia when she owned the Sassy Lassy nightclub in San Pedro, California.

The museum includes costume elements and props such as feather boas, fans, gloves, garter belts, gowns, shoes, pasties, g-strings, and jewelry.

Unique individual items include ivory fans used by Sally Rand, gloves and a black velvet shoulder cape worn by Gypsy Rose Lee, a heart-shaped couch owned by Jayne Mansfield and the cremation ashes of Miss Sheri Champagne.

She garnered attention by sending out a press release claiming that "Lili St. Cyr, Tempest Storm, Blaze Starr and 30 other alumni of burlesque will all be invited to attend this reunion."