Westin Lake Las Vegas sells for $25 million

The Westin Lake Las Vegas was sold for $25 million.

The 493-room hotel was sold for 84 percent less than what the property's previous owners payed for the hotel nearly a decade ago. The 21.6-acre hotel is one of three resorts that opened in Las Vegas in 1999, becoming a Loews Resort in 2006 when it was purchased for $155 million. 

Virtual Event

HOTEL OPTIMIZATION PART 2 | Now Available On-Demand

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


It is not currently known what affect the sale will have on the hotel's operations or branding.

Suggested Articles

From services to small products in the bathroom, these guest amenities will become guest expectations in the near future.

With demand for contactless experiences on the rise and new programs coming online, property-management systems are evolving.

During the “Best Practices in Cleaning” panel, insiders shared how hoteliers can keep guests and employees safe.