Recent Comments:
The Evolving Re-Vision: Lake Las Vegas And The Ravella Hotel {Luxist}
Jan 14th 2011 9:37PM No worries, Ms. Kime. For some reason, Lake Las Vegas has been plagued by a variety of inaccurate editorials dressed up as reports, mostly by the local media in/around Las Vegas. I've pointed out some of the most egregious errors (much bigger details than those I noted in my earlier comment) with no response or correction. For the life of me, I can't figure out why those media outlets wouldn't want their stories to - above all else - be accurate.
Thanks for doing thorough research, and reporting a fair representation of Lake Las Vegas.
Comment written by http://www.OwnLakeLasVegas.com. If you are looking for a Lake Las Vegas Home or Lake Las Vegas Condo, be certain to partner with a Lake Las Vegas specialist like those at http://www.OwnLakeLasVegas.com.
The Evolving Re-Vision: Lake Las Vegas And The Ravella Hotel {Luxist}
Jan 14th 2011 10:46AM Very insightful piece, and much more accurate than typical for Lake Las Vegas reports at other media outlets. For those who have visited, Lake Las Vegas remains an incredible property, and Ravella will both strengthen and enhance the charm of the locale. Dolce is certainly a company seasoned well in its niche, and it should fit nicely in Lake Las Vegas. My only additional hope is that, for bottom-line's sake, Dolce is looking to oversee operations at the adjacent Casino MonteLago. With a synergy between Ravella and an exquisite, captive casino (ahem, -zero- competition within 10+ miles!), the resort could be a both a feather-in-cap as well as a cash cow for Dolce.
Dolce has already begun to demonstrate its ability to play well with others in the area, a supremely smart move. It has constructed a deal to offer room-billing for dining in the adjacent MonteLago Village, and would like to get together with Lake Las Vegas residents to find out how they would like to patronize the hotel, restaurants, and spa. The Ritz (although it will be missed, the staff was fantastic) did very little to cater to locals, until the very end. And, there were other straining factors: the Ritz brand has been in trouble for some time. At the time the Ritz-Carlton Lake Las Vegas closed (not sure if this is still the case), not one R-C property in the US was current on its interest payments. Since then, R-C has taken some steps to adjust its brand strategy (finally, in 2010, a frequent guest rewards program), but there may lay a long road ahead.
Just a couple of corrections:
1) There has been only one bankruptcy in Lake Las Vegas since its beginning: that of the developer (the Atalon Group) in mid-2008. Prior to that, TransContinental (Boeddeker) was simply foreclosed on by Credit Suisse, who then appointed Atalon Group. In addition, the Ritz was not foreclosed upon. Its owner, Deutsche Bank, decided it was not in the business of operating hotels (paraphrasing), and is rumored to have something to do with the franchise agreement with R-C.
2) The Loews Lake Las Vegas has not been foreclosed upon by Wells Fargo. There were reports a while back that Loews had gotten behind on a payment, and that WF was seeking to foreclose. However, that never happened.
Comment written by http://www.OwnLakeLasVegas.com. If you are looking for a Lake Las Vegas Home or Lake Las Vegas Condo, be certain to partner with a Lake Las Vegas specialist like those at http://www.OwnLakeLasVegas.com.
