Regent takes Marriott name, Stations OK’d for GV Ranch

Nov 20, 2001 9:19 AM

The Regent Las Vegas assumes the J.W. Marriott brand this week as new owners begin putting their stamp on the Summerlin resort.

Larco Investments of Canada signed a franchise agreement with Marriott International and will convert the hotel to a J.W. Marriott property, said Lanis O’Steen, chief restructuring officer at the property.

But since the Salt Lake City-based Marriott is not in the gaming business, the casino will continue to operate under the Regent name at least until a new management team headed by Bill Paulos takes over.

As for employment, O’Steen said there have been some layoffs but that “almost everyone has been rehired’’ during the transfer from Seven Circle Resorts to Larco’s subsidiary, Hotspur Resorts.

“It will continue to operate as a five-star resort,’’ he said.

In other news, the Nevada Gaming Commission, as expected, issued a gaming license for Green Valley Ranch Station on Monday. The Henderson hotel-casino, owned jointly by Station Casinos and the Greenspun family, is scheduled to open Dec. 18. Rates for its 201 hotel rooms are expected to run about $125 a night.