Content area
Full Text
Two men stood atop a scaffold on Lake Mead Parkway on a recent Sunday afternoon and removed a marquee that was once a source of pride for Henderson. It was among the last visible remnants of the Ritz-Carlton Lake Las Vegas.
The May 2 closure of the 348-room luxury hotel was a somber event, but Lake Las Vegas businesses and investors say they are still optimistic about the resort community's future. One reason for hope is a change in ownership at the MonteLago Village Resort. Pacific Capital Management, operator of the more than two dozen MonteLago Village shops, has purchased most of the hotel-condominium resort hoping to revive the community's fortunes.
Roseville, Calif-based Pacific Capital has brought in hotelier Aston Hotels & Resorts to operate the new acquisition. Pacific Capital and sister company Signal Butte Investors signed Aston to revitalize interest in the resort.
Pacific Capital brought Aston in April 22 - less than a week after announcing its purchase of the MonteLago Village Resort. Aston will operate the resort's condo-hotel, which includes about 200 units.
"I think there was a need...