Krystle Sands

Krystle Sands was a proposed 45-story condo hotel that was to be built on the Las Vegas Strip in Winchester, Nevada.

Reservations for the project's condominium units began in 2004, and construction was scheduled to start later that year, with the opening planned for 2006.

[7] The project was to be handled by Krystle Sands LLC, a limited liability company formed by Schinz in Florida.

[3][6][9][8] To avoid paying a real estate transfer tax, Turnberry purchased the Krystle Sands project in addition to the property on which it was to be built.

[10] Turnberry announced the cancellation of Krystle Sands to buyers in a letter on March 25, 2005, stating that it was unable to receive construction financing to build the project.

[8] A condominium boom was underway in Las Vegas at the time, and Krystle Sands was the first of the newly proposed projects to be canceled.

Turnberry stated that all deposits made on Krystle Sands units had been returned and that the company had no intention of building the project.