LAS VEGAS, Feb. 19, 2020 /PRNewswire/ -- Lily Funds, through its affiliated company New World LLC, has announced the successful sale of a 5.25-acre property along Las Vegas's "Resort Corridor." The sale of 5051 Las Vegas Blvd. for $21 million, to Shopoff Realty Investments and Contour Real Estate, closed Jan. 31. The buyers plan to develop a new 450-room hotel, to be branded and managed by the Dream Hotel Group. Both buyers are based in California.