If you’re a fan of the Las Vegas Strip, you’ve probably heard of the Royal Resort. It’s a boutique hotel located in the heart of Sin City, offering guests a unique and luxurious experience.
But who owns this iconic property? Let’s take a closer look.
History of the Royal Resort
The Royal Resort was originally built in 1972 as the world-famous Debbie Reynolds Hotel and Casino. It was named after its owner, Debbie Reynolds, who was a legendary Hollywood actress and singer. The hotel was designed to be an ode to the golden age of Hollywood with its classic decor and glamorous atmosphere.
However, after years of struggling to compete with larger casinos on the Strip, Reynolds sold the property in 1999 to its current owners.
Current Owners
The Royal Resort is now owned by several individuals who make up Las Vegas Investors II, LLC. This group includes several prominent businessmen and investors such as Lorenzo Doumani, Jonathan Wiener, David Daneshforooz, Howard Bulloch, and Michael Saltman.
Lorenzo Doumani is perhaps the most well-known member of this group. He comes from a family of successful hoteliers and has been involved in numerous hospitality projects throughout his career. He is also responsible for renovating and rebranding the Royal Resort after it was purchased from Debbie Reynolds.
Renovations and Rebranding
After taking over ownership of the Royal Resort, Las Vegas Investors II embarked on an extensive renovation project. The property underwent a complete transformation with updated decor, modern amenities, and new branding.
The hotel now boasts 191 rooms that are tastefully decorated with contemporary furnishings and high-end finishes. Guests can enjoy amenities such as an outdoor pool, fitness center, spa services, and complimentary breakfast.
Conclusion
In conclusion, while Debbie Reynolds may have been the original owner of the Royal Resort, it’s now in the hands of a group of savvy investors and businessmen. With their expertise and vision, the property has undergone a remarkable transformation and continues to be a beloved fixture on the Las Vegas Strip. Whether you’re a tourist or a local, the Royal Resort is definitely worth checking out for its unique blend of classic Hollywood glamour and modern luxury.
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