The Westin (2003–present)
Columbia Sussex bought the former Maxim from Revanche for $38 million in 2002,[22] and then spent an additional $90 million on the remodel.[23] They reopened the hotel as The Westin Casuarina on November 6, 2003,[24] using the name of their successful resort in the Cayman Islands. The Westin Casuarina marked the first Westin resort nationwide to feature a casino and was the first Westin in Nevada.[25]
In November 2010, lenders CWCapital Asset Management LLC[26] filed for foreclosure on The Westin Casuarina, after Columbia Sussex stopped making payments on the property's $160 million mortgage in April.[27] The hotel's general manager said in October 2011 that Columbia Sussex would not fight the foreclosure, and that the hotel was overleveraged due to property values declining in the recession.[27] Lenders asked a court to appoint Pyramid Hotel Group as receiver to operate the resort. Pyramid leased the property's casino to 777 Gaming, a Las Vegas company that has operated several rural casinos, including the Carson Station in Carson City. The Carson Station was renamed the Max Casino in 2014, and 777 gaming also is a slot route, for four years beginning in May 2012.[28]
The hotel was later renamed The Westin Las Vegas. The casino floor had fewer than 300 slot and video poker machines and only ten table games, far smaller than Strip megaresorts and even smaller than many casinos catering to local residents. Instead, the resort concentrated more on its hotel amenities, including a destination spa.
In January 2016, Fortress Investment Group acquired the property through foreclosure, and brought Crescent Hotels & Resorts in to manage it.[29][30] The hotel announced later that year that it would phase out its casino facilities and operate purely as a hotel.[31] The casino closed in July 2017, to be replaced with a restaurant and expanded meeting spaces.[29][32]
Fortress sold the Westin in September 2018 for $196 million to hotel firm Highgate in partnership with Cerberus Capital Management.[33]
