The Siegel Group Nevada, Inc., a commercial real estate and business development company, and Great American Capital (GAC) announced that the two companies have formed a joint-venture. Under terms of the agreement, The Siegel Group will acquire a 50 percent interest in The Mount Charleston Hotel and take managing control of the property.
The Mount Charleston Hotel will be rebranded as The Resort on Mount Charleston and will undergo a major cosmetic renovation to modernize the facilities and correct deferred maintenance issues. The exterior of the property will undergo a substantial renovation with attention given to maintaining the resort’s current character and architectural features. Additionally, the lobby, restaurant and banquet facilities will be upgraded and each of the 64 rooms will be completely remodeled and modernized with services and amenities such as room service, in-room movies and high-speed Internet. Future possible amenities are being considered to attract visitors, such as an indoor swimming pool, tennis and basketball court, wine bar, observation deck with telescopes for star gazing, cigar-lounge, hot chocolate bar, full service spa and hair-nail salon as well as workout facilities providing classes such as yoga and spinning.
The resort is located 35 minutes from downtown Las Vegas in the Toiyabe National Forest. The area provides a variety of recreational activities, including hiking, camping, skiing, and horse-back riding. The resort is situated on 5.76 acres and contains 64 rooms, gaming, a full-bar, restaurant, banquet facilities and spa. The resort can host weddings, family reunions, birthday celebrations and corporate retreats.