{"id":1004135831,"date":"2016-01-30T09:02:23","date_gmt":"2016-01-30T17:02:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004135831"},"modified":"2022-03-04T04:53:24","modified_gmt":"2022-03-04T12:53:24","slug":"hotel-buyer-banks-on-lvcc-expansion","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/","title":{"rendered":"Hotel Buyer Banks on LVCC Expansion"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p><strong>Las Vegas <\/strong>\u2013 With the expansion of the Las Vegas Convention Center on the way, investors are looking to establish a presence on Convention Center Drive. Among them is <a href=\"https:\/\/siegelcompanies.com\/\" rel=\"nofollow noopener\" target=\"_blank\">The Siegel Group Nevada<\/a>, and its recent acquisition of the Rodeway Inn Convention Center hotel signals that the company is doubling down on the prospects for the planned global business district, as well as the convention center expansion.<\/p>\n<div id=\"attachment_1004135833\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004135833\" data-attachment-id=\"1004135833\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/siegel-select-suites\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg\" data-orig-size=\"1003,816\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Siegel Select Suites\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Siegel Select Suites&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg?w=1003\" class=\"wp-image-1004135833 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg\" alt=\"Siegel Suites Select\" width=\"300\" height=\"244\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg 1003w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg?resize=300,244 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg?resize=768,625 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004135833\" class=\"wp-caption-text\">Siegel Suites Select<\/p><\/div>\n<p>Acquired for $6.1 million in an off-market transaction, the 102-key property at 220 Convention Center Drive will be turned into an extended-stay hotel. The new owners have re-branded the asset as the Siegel Suites Select\u2014Convention Center to emphasize its location and attract guests attending events at the facility.<\/p>\n<p>With the <a href=\"https:\/\/www.lvcva.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Las Vegas Convention and Visitors Authority<\/a> now carrying out their plan to demolish the Riviera Hotel it acquired for about $182 million, the nearby area has fresh prospects for revival.<\/p>\n<p>Following room renovations that will include the addition of flat screen TVs, WiFi capability, a fa\u00e7ade redesign, and a comprehensive update of the furniture, the property will be ready to cash in on the area\u2019s rapidly growing demand. According to Siegel Group&#8217;s president, Stephen Siegel, the company had been following the availability of the property since 2007, when it operated as the Villa Roma Inn. \u201cThis location has enormous upside potential, and I look forward to playing a role in the redevelopment and revitalization of the area,\u201d Siegel said in a statement.<\/p>\n<p>Image courtesy of Google Street View<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The property is lined up for an extensive renovation that will better place in the forthcoming economic context of the area. <\/p>\n","protected":false},"author":41,"featured_media":1004135833,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,1593,21742,21785],"tags":[],"class_list":["post-1004135831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-las-vegas","category-latest","category-property-management"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hotel Buyer Banks on LVCC Expansion - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hotel Buyer Banks on LVCC Expansion\" \/>\n<meta property=\"og:description\" content=\"The property is lined up for an extensive renovation that will better place in the forthcoming economic context of the area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-01-30T17:02:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-04T12:53:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1003\" \/>\n\t<meta property=\"og:image:height\" content=\"816\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Hotel Buyer Banks on LVCC Expansion\",\"datePublished\":\"2016-01-30T17:02:23+00:00\",\"dateModified\":\"2022-03-04T12:53:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/Siegel-Select-Suites.jpg\",\"articleSection\":[\"Deals\",\"Hotel\",\"Investment\",\"Las Vegas\",\"News\",\"Property Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/\",\"name\":\"Hotel Buyer Banks on LVCC Expansion - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/Siegel-Select-Suites.jpg\",\"datePublished\":\"2016-01-30T17:02:23+00:00\",\"dateModified\":\"2022-03-04T12:53:24+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/Siegel-Select-Suites.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/01\\\/Siegel-Select-Suites.jpg\",\"width\":1003,\"height\":816,\"caption\":\"Siegel Select Suites\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hotel-buyer-banks-on-lvcc-expansion\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hotel Buyer Banks on LVCC Expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\",\"name\":\"Alex Girda\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/04\\\/Alex-Girda.jpg?w=96\",\"caption\":\"Alex Girda\"},\"description\":\"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/alex-girda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Hotel Buyer Banks on LVCC Expansion - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/","og_locale":"en_US","og_type":"article","og_title":"Hotel Buyer Banks on LVCC Expansion","og_description":"The property is lined up for an extensive renovation that will better place in the forthcoming economic context of the area.","og_url":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2016-01-30T17:02:23+00:00","article_modified_time":"2022-03-04T12:53:24+00:00","og_image":[{"width":1003,"height":816,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","type":"image\/jpeg"}],"author":"Alex Girda","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/"},"author":{"name":"Alex Girda","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"headline":"Hotel Buyer Banks on LVCC Expansion","datePublished":"2016-01-30T17:02:23+00:00","dateModified":"2022-03-04T12:53:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/"},"wordCount":266,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","articleSection":["Deals","Hotel","Investment","Las Vegas","News","Property Management"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/","url":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/","name":"Hotel Buyer Banks on LVCC Expansion - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","datePublished":"2016-01-30T17:02:23+00:00","dateModified":"2022-03-04T12:53:24+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","width":1003,"height":816,"caption":"Siegel Select Suites"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/hotel-buyer-banks-on-lvcc-expansion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Hotel Buyer Banks on LVCC Expansion"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/540f0253de89dedaae7684239611b81c","name":"Alex Girda","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Alex-Girda.jpg?w=96","caption":"Alex Girda"},"description":"Alex is a senior editor with Multi-Housing News and Commercial Property Executive who has more than a decade of experience in the industry. Mainly focused on data-driven exploits, he works with Yardi Matrix and CommercialEdge to provide insights into the real estate market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/alex-girda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/01\/Siegel-Select-Suites.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004135831"}],"version-history":[{"count":2,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135831\/revisions"}],"predecessor-version":[{"id":1004570630,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004135831\/revisions\/1004570630"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004135833"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004135831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004135831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004135831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}