Stratosphere Corporation, a subsidiary of Grand Casinos, completed its purchase of Vegas World in November 1994, for approximately $51 million. As part of the deal, the company leased the property to Stupak until its closure. Vegas World closed on February 1, 1995, for remodeling in order to be integrated into the Stratosphere resort. A majority of Vegas World's final customers consisted of people redeeming their vacation packages. Vegas World's two hotel towers, consisting of 932 rooms, were renovated to become part of the Stratosphere resort, which opened in April 1996. Stupak later said that he felt prouder when he opened his earlier casinos on the site in 1974 and 1979.