MonteLago Village Resort under new management

LAS VEGAS REVIEW-JOURNAL

April 16, 2010 - 11:44 am

Pacific Capital Management, acting on behalf of Signal Butte Investors LLC., announced Friday it acquired the condominium lodging operations of Lake Las Vegas' MonteLago Village Resort from Intrawest Hospitality Management.

No sales price was announced.

Aston Hotels & Resorts was brought in to manage the 210 condominiums that are available as rentals in the three-acre waterfront parcel. Signal Butte Investors has owned MonteLago Village's retail and restaurant operations since June 2007.

MonteLago Village has a total of 347 condominiums.

"This is a positive transition for MonteLago Village Resort," said Peter Hollingshead, of Roseville, Calif.,-based Pacific Capital Management.

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