California Company Purchases Lake Las Vegas Hotel and Casino | Business
Another ownership change is on the horizon at Lake Las Vegas.
California-based Kam Sang Co. recently closed a deal to acquire Ravella at Lake Las Vegas and Casino MonteLago from Village Hospitality, LLC.
Phil Wolfgramm of Kam Sang Co. said no jobs will be cut as a result of the sale and the company will consider staffing increases if demand rises. Wolfgramm said the company plans some renovations to the public areas of the hotel and to the rooms, and the property will remain open during the planned work.
Built as a Ritz-Carlton property, the hotel neared bankruptcy in 2009 when it was sold to Village Hospitality and rebranded as Ravella. Both Ravella and Casino MonteLago closed at one point before being reopened.
For more information, go to ravellavegas.com.