anyone else would be able to determine how the line became damaged. Summa brought in the company which installed the system to have it repaired. On October 23, 1977, at 3:44 p.m., a two-alarm fire was reported in a hotel room on the 22nd floor, after a bartender in the 27th floor lounge smelled smoke. The entire room had caught on fire from a cigarette. The fire was extinguished with help from 45 firefighters, who put it out within five minutes of their arrival. However, the fire led to heavy smoke infiltrating the entire hotel and ground-floor through elevator shafts. The Landmark was evacuated, and hundreds of guests and employees were allowed to return inside at approximately 5:15 p.m., after smoke had been cleared from the resort's interior. The 22nd through 27th floors had moderate smoke damage. Five hotel guests were treated for smoke inhalation, but none required hospitalization. Prospective buyers During October 1977, Summa was in negotiations with several prospective buyers for the Landmark, which had approximately 1,200 employees at the time. One interested buyer was a group of Chicago investors led by an attorney. Summa was also in negotiations to sell the Landmark for $12 million to Nick Lardakis, a tavern owner who lived in Akron, Ohio. Simultaneously, Summa was holding discussions with the Scott Corporation – a group of downtown Las Vegas entrepreneurs led by Frank Scott – which wanted to purchase the resort at a price of nearly $10 million. Lardakis' acquisition of the Landmark was rejected that month as he was unable to raise the necessary funds to make the purchase; according to Summa, Lardakis' terms were "unrealistic." The Chicago group made a $12 million offer, but Summa's board of directors favored the offer by Scott Corporation, which had no down payment and included a 20-year payout period, while the Chicago group was opposed to a long-term mortgage arrangement with Summa. The Chicago group noted that Summa officials repeatedly declined to let the group examine the Landmark's 1973 property appraisal. Other $12 million offers came from Las Vegas heiress JoAnn Seigal and Beverly Hills management consultant Charles Fink. Seigal also complained that Summa would not provide her with a property appraisal to base her negotiations. The Beverly Hills-based Acro Management Consultants offered $16 million for the Landmark, the highest of five bids up to that time. Summa spokesman Fred Lewis said that Acro's bid was