Another luxury property, The Ritz-Carlton, Lake Las Vegas, in Henderson, Nev., will close on May 2. The resort just received its first AAA Five Diamond Award in November. About 400 employees will lose their jobs. The grand, 349-room, lakefront resort opened to much fanfare in 2003. Its owners, Village Hospitality LLC (an arm of Deutsche Bank), purchased it just last year after the previous owners went into reorganization. It is uncertain what they plan to do with the property in the ...

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