Closing Up: Ritz Carlton Las Vegas Shutting Doors May 2nd

The Ritz Carlton Las Vegas is set to close on May 2nd as a result of lax demand. The hotel is a bit out of the way, but is certainly a very nice resort. The owner of the property is an arm of Deutsche Bank, which has decided to stop funding the resort effective May 2nd.

Deutsche Bank took over the asset a year ago in a foreclosure sale and it seems after a year they’ve decided they’d rather stop the bleeding. The question is whether they will continue to hold it or put it up for sale.

[via CNN]

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