NEW YORK (Reuters) - The Ritz-Carlton Hotel Co will close its five-diamond property in Las Vegas this May, after the hotel struggled with a slide in demand and revenue.
"It's nothing the hotel did. It's a simple lack of business and a decline in the tourism industry," said Ritz-Carlton spokeswoman Vivian Deuschl.
The owners of the 348-room property, Village Hospitality LLC, an arm of Deutsche Bank, will stop funding the Ritz-Carlton Lake Las Vegas day-to-day operations on May 2.
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Showing posts with label Ritz-Carlton. Show all posts
Showing posts with label Ritz-Carlton. Show all posts
Wednesday, February 10, 2010
Saturday, September 19, 2009
$65,000 Suite Touts 007 Security
GENEVA (TheStreet) -- Your average world-class hotel suite might be adorned in mother-of-pearl, accented by a grand piano and punctuated with a complete library.
But can it take a bullet for you?
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But can it take a bullet for you?
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Monday, July 6, 2009
The owners of The Ritz-Carlton, Denver hotel are in default
The owners of The Ritz-Carlton, Denver hotel are in default on multimillion-dollar loans related to the downtown property, but are working to make good on the debt.
Transwestern Mezzanine Realty Partners III LLC of Chicago filed suit against the 202-room luxury hotel’s owner, CJS Hotel LLC and related entities, on June 28 in Denver federal court. The lawsuit says the owner hasn’t paid $9 million, plus interest and charges, due on a $20 million mezzanine loan.
Read more:
http://www.bizjournals.com/denver/stories/2009/07/06/story1.html?ana=from_rss
Transwestern Mezzanine Realty Partners III LLC of Chicago filed suit against the 202-room luxury hotel’s owner, CJS Hotel LLC and related entities, on June 28 in Denver federal court. The lawsuit says the owner hasn’t paid $9 million, plus interest and charges, due on a $20 million mezzanine loan.
Read more:
http://www.bizjournals.com/denver/stories/2009/07/06/story1.html?ana=from_rss
