Submitted by lvvadmin on Mon, 02/08/2010 - 17:31
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 because of a lack of funding by Village Hospitality (Deutsche Bank).
They will also be laying off 400 employees but will try to relocate them to other Marriott properties (which runs the Ritz-Carlton chain).
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, also filed for bankruptcy.
