Close of Ritz-Carlton Lake Las Vegas

Ritz-Carlton released yesterday that the hotel will be closed by May. The property owner, the arm of Deutsche Bank, decide not to keep injecting money to the property any more. The Ritz-Carlton Lake Las Vegas operation must have been losing a lot of money.

This is very sad news. The developer of Lake Las Vegas was bankrupt. The Reflection Bay Golf Course was not open to public under bankruptcy procedure. What will happen to Loews hotel next?

Last December we went to Lake Las Vegas to enjoy the ice skating there on Saturday afternoon. Just a few people were seen on the Village close to Ritz-Carlton even on Saturday. I was a little concerned about the future of Lake Las Vegas as well as the future of Las Vegas. The property owner had to make a tough decision since the economy didn't come back early.

I really feel sorry for the residence here. I understand how sad they are.