The house owners of Las Vegas’ first “cannabis-forward” resort need to puff, puff, cross it to another person.
The Lexi is situated on 1.3 acres simply west of the Strip on Sahara Avenue. (Picture: paramountlodging.com)
Elevations Lodge and Resorts has listed the Lexi for an undisclosed value by way of the business realtor Paramount Lodging Advisors.
Failures are by no means introduced in company press releases. Happily, On line casino.org’s personal Very important Vegas weblog received phrase of the itemizing and broke the story Friday.
Continual-ology
The Lexi opened, with 64 rooms and a gaming ground, in September 1978 because the Las Vegas Inn and On line casino. Six years later, the resort filed for its first chapter. It turned a nongaming Ramada in 1991, and later, a Travelodge.
In 2001, the resort was bought by Doug DaSilva, former proprietor of the Thunderbird Lodge, who spent $4 million to remake it right into a boutique property known as the Artisan.
That includes reproductions of well-known artwork work in each room, the Artisan acquired largely constructive evaluations and a loyal clientele. However, DaSilva turned the the resort’s second proprietor to file for chapter in December 2008.
A yr later, the mortgage-holder foreclosed, and the Siegel Group — which butters its bread with extremely low-budget extended-stay residences — closed its acquisition in January 2010.
In 2022, Siegel offered the property to Phoenix-based Professional Hospitality Group, which turned Elevations, for $11.9 million. Following a $3-$4 million renovation, the Artisan reopened because the Lexi on June 2, 2023.
Doobie-ous Distinction
The Lexi loudly and proudly introduced itself as the primary cannabis-friendly resort in Las Vegas, the place leisure hashish was legalized in 2017. Consumption was restricted to its fourth ground, the place filtration methods tried, with reportedly combined outcomes, to dam second-hand smoke from escaping.
“The Lexi permits the Elevations Resorts and Resorts model to actually showcase our dedication to creating a brand new sort of resort idea that’s outlined not solely by our acceptance and normalization of hashish within the hospitality house, but in addition by our dedication to reclaim storied properties and remodel them for the modern-day vacationers,” stated Alex Rizk, Elevations president and CEO, in a press release on the time.
The Lexi additionally introduced plans so as to add a hashish lounge, which might have required a state allow.
That by no means occurred and, at this level, in all probability by no means will.
