The Siegel Group Nevada, a boutique hotel operator, has acquired the six-story Atrium Suites Hotel, formerly a Crowne Plaza. The 202-room, all-suite property is located directly across the street from the Hard Rock hotel-casino. Siegel hopes to be ready for a grand reopening in a year to 14 months.
The Siegel Group operates the nearby Rumor hotel as well as the Artisan, the Resort on Mount Charleston and downtown’s Gold Spike Hotel & Casino. Each of the Atrium's suites is 500 square feet, and the common area contains conference, meetings and exhibition space. The property also has banquet facilities, a full-service restaurant, a bar-lounge, a fitness facility, a hair salon and an outdoor pool and bar area.
“The acquisition of the former Atrium Suites is a phenomenal opportunity for our organization and a great ending to 2011," Stephen Siegel, CEO of the Siegel Group, said in a statement. “While the last few years have been extremely challenging for us all, we as a company continue to tough it out and stay focused, aiding the market’s recovery by acquiring distressed and nonoperational properties that we are able to reposition and stabilize. Our projects have resulted in the creation of improved assets and, more importantly for Las Vegas, numerous jobs.”