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Westgate Resorts Purchases LVH

Westgate Resorts Purchases LVH

The Las Vegas Hotel & Casino (LVH) is changing hands again. Florida-based timeshare company Westgate Resorts has purchased the property from Goldman Sachs and Gramercy Capital and is renaming it Westgate Las Vegas Resort & Casino. According to this report from the Associated Press, some of the nearly 3,000 rooms and suites will be converted to timeshare villas, while others will remain open to regular guests. Billionaire investor Kirk Kerkorian opened the property as the International Hotel in 1969. It took on the name Las Vegas Hilton in 1971 and retained that name for 40 years before its licensing agreement with the Hilton chain expired. Read more over at ABC News.

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