Ritz-Carlton Lake Las Vegas to close
February 8, 2010 · Print This Article
On May 2, the Ritz-Carlton Lake Las Vegas will close.
A member of the Five Star Alliance and considered one of the finest hotels in the world, the Ritz-Carlton in Henderson will be shutting down considering of a lack of funding by Village Hospitality (Deutsche Bank).
They will plus be laying off 400 employees but
Lake Las Vegas has been in bankruptcy since July 2008 after the developer defaulted on a loan of $540 million. The Ritz-Carlton, which received the prestigious AAA Five-Diamond award, additionally filed for bankruptcy.
[Source] Las Vegas News Blog
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