The Mount Charleston Hotel has a new owner: Real estate developer Siegel Group Nevada Inc. formed a joint venture with Great American Capital to acquire the property.

The first order of business for Siegel is to correct long-standing management and maintenance issues and launch a new marketing campaign rebranding the hotel as the Resort on Mount Charleston.

“Since being constructed, the prior owners of the Mount Charleston Hotel had never been able to successfully market or bring in the amenities needed to attract customers, and were unsuccessful in their attempts to operate the property,” Siegel said in a statement. “Siegel Group plans a major cosmetic renovation to modernize the facilities and correct deferred maintenance issues. The exterior of the property will undergo a substantial renovation with great attention given to maintaining the resort’s current character and architectural features.”

The 64-room hotel will remain open during the renovation process.

By Casino Connection Staff