Village Hospitality purchases Ritz-Carlton at Lake Las Vegas

Village Hospitality LLC today said it acquired the Ritz-Carlton, Lake Las Vegas, a 349-room resort and spa 17 miles from the Las Vegas Strip, for an undisclosed price.

In a statement, Village Hospitality said the transaction closed in late February.

The prior owner of the resort sought reorganization in April. The acquisition by Village Hospitality concludes a 10-month bankruptcy period.

In the statement, Michelle Russo of hotelAVE, the Providence-based asset manager for Village Hospitality LLC, said no services were interrupted during the hotel’s ownership reorganization period.

“The Ritz-Carlton, Lake Las Vegas, is an extraordinary acquisition for Village Hospitality, and the new relationship with the hotel’s management team is extremely positive,” Russo said. “We look forward to seeing The Ritz-Carlton Lake Las Vegas continue to serve its guests with world-class service and superior facilities as we move forward with them on behalf of the property owner.”