This week’s announcement that the Ritz-Carlton at Lake Las Vegas is going out of business has raised concerns that the hotel’s closure will have a ripple effect on neighboring merchants.
Henderson Mayor Andy Hafen said he expects shops and restaurants at MonteLago Village Resort will feel the impact of losing the 349-room luxury hotel.
Businesses have told him in the past they are holding their own, but just getting by, he said.
“Certainly we are concerned,” Hafen said of the hotel’s closing. “The biggest concern we have is for the employees and their welfare.”
The Ritz-Carlton, a fixture in the resort community since it opened in February 2003, announced Monday it will close on May 2.
“Our owners, Village Hospitality, decided they could no longer fund the hotel,” Ritz-Carlton spokeswoman Vivian Deuschl said on Monday. “As a result of that, we can no longer operate the hotel without adequate funding.”
Full story: Closing of hotel at Lake Las Vegas raises concerns of ripple effect – Las Vegas Sun