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New Owner, Name For LVH

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(photo: Ethan Miller/Getty Images)

(photo: Ethan Miller/Getty Images)

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LAS VEGAS (KXNT/AP) — A new owner is taking over the storied hotel where Elvis Presley performed in the 1960s and 1970s.

Timeshare company Westgate Resorts announced it bought the LVH hotel from Goldman Sachs and Gramercy Capital and will rename it Westgate Las Vegas Resort & Casino. The letters “LVH” are set to be removed from the hotel’s giant marquee on Tuesday.

The property was the world’s largest hotel when it opened as the 1,500-room International Hotel in 1969. Barbara Streisand performed a series of concerts there before Elvis Presley began a 58-show series that broke Las Vegas attendance records.

The hotel was renamed the Las Vegas Hilton in 1971, and became the Las Vegas Hotel & Casino, or LVH, in 2012.

Westgate owns one other timeshare property in Las Vegas.

 

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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