ArtisanHotel

Artisan Hotel Gets A Fresh Start

Last month I wrote about the troubles befalling the Artisan Hotel in Las Vegas. The hotel has found a new savior in The Siegel Group, a company that owns several properties in the area including the Siegel Suites and the Resort on Mount Charleston, located a half hour away. The Siegel Group has assumed operational control of the property and will keep it under the same name but plans to reposition the property and address some of the operational complaints that have plagued the hotel. Various online reviews have praised the hotel's unique style and position as a quiet retreat from the Strip but have also acknowledged serious issues with service. A press release indicates that The Siegel Group will be focusing much of its attention on addressing deferred maintenance issues and updating the hotel while expanding the amenities and services provided. The hotel has 64 rooms, a wedding chapel, pool and cabana, restaurant and a bar-lounge that is a big hit with locals. Stephen Siegel, Founder and President of The Siegel Group says that the hotel is a "an extremely cool property" and will complement the company's existing boutique hotel collection which includes the St Tropez Hotel located directly across from the Hard Rock Hotel & Casino and scheduled to open April 2010.

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Artisan Hotel In Las Vegas Faces Foreclosure

by Deidre Woollard (RSS feed) —

The Artisan Hotel & Spa in Las Vegas has become the latest to succumb to foreclosure. The modest 64-room property is an off-the-beaten-track favorite with locals and is known for its framed art and hip decor. It does not have a casino and is located at Sahara Avenue and Interstate 15.

The Las Vegas Sun reports that the hotel had filed for Chapter 11 back in December 2008, listing assets of $18.3 million (mostly the value of the hotel real estate) and liabilities of $7.85 million. The main creditor was the Citizens Bank of Oregon, Mo. The hotel struggled to turn a profit and later the bankruptcy case was combined with another bankruptcy case for the co-owner's other Artisan hotel in El Paso. Texas. Earlier this month the IRS asked that the Chapter 11 cases become Chapter 7 cases forcing a liquidation because the company failed to file federal employment tax returns and tax deposits since the bankruptcy cases were filed. A receiver will be appointed to operate the property until the foreclosure sale.

The hotel has many fans but has also had an ongoing problem with service. Reviews on travel website Trip Advisor are very polarized, people either loved this place or had serious issues with the service and room standards.

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