The Hyatt at Lake Las Vegas has been sold to Loews, and will be converted into a non-gaming property.

Instead of gambling, Loews is going to concentrate on making the property a great place for “meetings” while still being “close to the Las Vegas Strip” (which it really isn’t).

While this news is sure to be met with a collective yawn by most Vegas residents and tourists who didn’t even know that Las Vegas had a Lake, much less care where it was … there did exist a small but loyal following for this property.

I don’t understand why they would get rid of gaming, but they are going to concentrate on upgrading the property to make it more “resort-like” by upgrading the pool area and fire pit to make them more “plush”.

It seems that they could just as easily build this property in Florida, or Arizona. I wasn’t aware that there was a big market for non-gaming hotels in Las Vegas.

I give it a year before they stick a casino back in the joint.