Las Vegas, NV) -- After 40 years on the Las Vegas Strip, the "Westward Ho" motel and casino is closing its doors. Earlier this year, Voyager Entertainment International and Centex Destination Properties teamed up to buy the property. The two firms plan to build a 600-foot "observation wheel" and a new master-planned resort on the site. Located between the Stardust and Circus Circus resorts, the Westward Ho first opened its doors in 1965. It bills itself as the largest motel in the world, and is known for its cheap rooms and inexpensive food.