63°F
weather icon Clear

Westin hotel is sold

The Westin hotel east of the Strip is under new ownership. According to property records, hotel operator Highgate and investment firm Cerberus Capital Management bought it for $195.5 million. The 826-room hotel originally opened in 1977 as the Maxim. It sold last week after the Westin replaced its casino floor with a restaurant and implemented other changes.

THE LATEST
Bankrupt restaurant chain’s survival rests on key deal

The popular Italian restaurant chain Buca di Beppo filed for Chapter 11 bankruptcy protection on Aug. 4 to reorganize its business with the support of its lenders.