Last week, Siegel Group, a commercial real estate, and development company sold the Artisan Hotel Boutique to Pro Hospitality Group for $11.9 million.
According to Las Vegas Review Journal, Alex Rizk, the owner of Pro Hospitality Group, plans to renovate the 64-room hotel for about 3 million dollars.
Rizk’s company owns the Clarendon Hotel located in Phoenix, which he describes as a “cannabis-friendly hotel.” The new owner plans to make his new purchase a cannabis-friendly hotel for tourists once the regulations are settled at the state and local levels.
Recreational cannabis is legal in the state; however, consumption lounges haven’t been legalized, meaning that locals can consume cannabis in their houses, but the situation for guests staying at hotels is unclear as there is no actual legal place to smoke cannabis.
The Siegel Group acquired the hotel in 2009, “transforming the location into one of the most well-known and visited boutique hotels in Las Vegas,” the company said.
“The hotel gained a loyal following among locals, tourists, and boutique enthusiasts who were drawn to the location’s eclectic design and hip, intimate atmosphere. The unique hotel contained a bar lounge with a popular after-hours scene, a restaurant, wedding chapel, and one of the few topless pools in town,” the company added.
The hotel could benefit from becoming cannabis-friendly as new legislation has been passed, “giving recreational cannabis business owners the ability to apply for licenses to open on-site consumption lounges,” as stated in Eater.
“Our rooms and property are going cannabis-friendly. Coming offerings include a cannabis shuttle and a membership lounge. For our cannabis-friendly rooms, we allow vaping, dabbing, flowers, etc. We do not allow tobacco products to be smoked in the room due to the lasting smell and residue. Since we are currently a split-use hotel with cannabis and non-smoking rooms, we do ask that any smoking take place in your cannabis-friendly room and not in the public areas of the hotel. Vapes and smokeless products can be used in outdoor public areas, not including the restaurant,” Pro Hospitality Group shared on the Clarendon website.
