The Sahara is the object of attention for casino companies seeking to expand their Las Vegas portfolio or gain a location on the world-famous boulevard.

Gaming and real estate analysts said they think there will be an overabundance of purchase offers for the Sahara, which is operated by the family of late casino pioneer William Bennett.

Gordon Gaming, which manages the Sahara, retained commercial real estate company CB Richard Ellis to sell the 1,720-room hotel-casino. In September, before bringing CB Richard Ellis aboard, the company sent a letter to one prospective bidder.

The Bennett family wanted at least $700 million for the Sahara and three land parcels; the 17.45-acre Sahara site, 25.84 acres directly across from the hotel on Las Vegas Boulevard and 11.31 acres east of the Sahara on Paradise Road. Recent Strip real estate transactions have been valued between $20 million and $30 million an acre.