Las Vegas Sun

April 2, 2015

Currently: 68° — Complete forecast | Log in | Create an account


Loews hotel at Lake Las Vegas switching to Westin brand


Steve Marcus

A view of the Loews Lake Las Vegas in Henderson.

One of the hotels at Lake Las Vegas in Henderson will be operating under a new name beginning Thursday.

The management company for the 493-room Loews Lake Las Vegas is changing its name to the Westin Lake Las Vegas Resort & Spa.

A ribbon-cutting is set for Thursday so the management company can “proudly introduce the Westin Lake Las Vegas Resort & Spa to our neighbors and community.”

The property initially opened as the Hyatt Regency Lake Las Vegas Resort, Spa and Casino in December 1999.

It became a Loews resort in December 2006 and then ran into financial trouble during the recession.

Since it defaulted on its $117 million mortgage in 2009, the property has been under the control of a court-supervised receiver.

Foreclosure proceedings have been pending against the property since Dec. 12, but so far it hasn’t been foreclosed on and it’s not known when or if that will happen.

The Loews property is managed by Pyramid Hotel Group of Boston.

Officials at Pyramid couldn’t immediately be reached for comment on the rebranding initiative, which analysts say has been under way for some time.

As a Westin property, the Lake Las Vegas hotel will be part of the Starwood Hotels & Resorts network, which includes the Sheraton and Element brands.

Trepp LLC, a company that tracks distressed debt, said in its latest report on Loews Lake Las Vegas that it continued to suffer financially last year.

Room occupancy ran at just 34 percent in 2011, with an average daily room rate of $138.15, Trepp said.

That produced daily revenue per available room of just $47.41, which was down 6.3 percent from 2010, Trepp data show.

The hotel has faced stiff competition from the Las Vegas Strip as well as from resort hotels in California and elsewhere in the Southwest, a Trepp report on the property says.

Pyramid also operates the 826-room Westin Casuarina Las Vegas Hotel, Casino & Spa.

Like the Lake Las Vegas property, the Westin Casuarina Las Vegas was seized by lenders after defaulting on its $160 million mortgage.

Join the Discussion:

Check this out for a full explanation of our conversion to the LiveFyre commenting system and instructions on how to sign up for an account.

Full comments policy

Previous Discussion: 1 comments so far…

Comments are moderated by Las Vegas Sun editors. Our goal is not to limit the discussion, but rather to elevate it. Comments should be relevant and contain no abusive language. Comments that are off-topic, vulgar, profane or include personal attacks will be removed. Full comments policy. Additionally, we now display comments from trusted commenters by default. Those wishing to become a trusted commenter need to verify their identity or sign in with Facebook Connect to tie their Facebook account to their Las Vegas Sun account. For more on this change, read our story about how it works and why we did it.

Only trusted comments are displayed on this page. Untrusted comments have expired from this story.

  1. Umm Lets see, open the small casino back up, lower the rates to 99.00 average and put in a fine dining buffet for breakfast and lunch.