Last week, Las Vegas-based commercial real estate and development company Siegel Group announced that it had completed the sale of Artisan Boutique Hotel to Pro Hospitality Group for $11.9 million.
Alex Rizk, owner of Phoenix-based Pro Hospitality Group, . said Las Vegas magazine review He’s planning a $3 million renovation of the 64-room hotel on Sahara Boulevard on Interstate 15 near the Las Vegas Strip. When regulations are implemented at the state and local levels, he said, it will make Artisans a “cannabis-friendly” destination for tourists to the city.
“This is a lifestyle, a boutique hotel,” Rizk said.
The Siegel Group acquired the Artisan Hotel in 2009, “and transformed the site into one of the most popular and visited boutique hotels in Las Vegas,” the company said in a statement about the sale.
“The hotel has gained a loyal following among locals, tourists and boutique lovers who were drawn to the site’s eclectic design and modern and intimate ambiance” The company wrote. “The unique hotel has a lounge bar with a popular after-hours scene, a restaurant, a wedding chapel, and one of the few topless pools in town.”
Licensed cannabis galleries last year
Last year, Nevada legislators passed legislation giving the state’s Cannabis Compliance Board the authority to regulate lounges that allow the consumption of weed products on site. The Board of Directors is currently drafting regulations and local governments will have the authority to enact stricter measures. Officials from Clark County, home to Las Vegas, announced in January that they were pursuing efforts to regulate cannabis consumption lounges statewide.
Under the 2016 ballot measure that legalized pot entertainment in Nevada, the consumption of cannabis products was legal only in private residences. The goal of legalizing organized cannabis galleries was to give visitors a place to enjoy the benefits of the state’s cannabis reform.
As a state senator in 2017, Clark County Commissioner Teck Sigerblom led the first effort in the state legislature to legalize cannabis consumption lounges. Last year, he described the lounges as a “change agent” for government hospitality companies.
“Consumer lounges are very ideal for our tourism industry,” Segerblom . said magazine review. “The sooner we get out there, the more we will be considered a marijuana-friendly city and state.”
The new owner has a cannabis-friendly hotel in Phoenix
Pro Hospitality Group already operates a cannabis-friendly hotel, The Clarendon Hotel & Spa, in her hometown of Phoenix, Arizona. The hotel’s website informs potential guests that the property features “cannabis-friendly rooms and amenities” that allow “electronic smoking – vaping – daping, flower, etc.” The Clarendon Hotel also has a cannabis lounge open to hotel guests and the general public.
“Because we are currently a separately used hotel that has cannabis and non-smoking rooms, we require that any smoking be done in your cannabis-friendly room and not in the hotel’s public areas,” Site Notes. “Vapes and smokeless products may be used in outdoor public places, not including in a restaurant.”
The Clarendon also notes that it is “working on a cannabis shuttle service to move hotel guests from the hotel to a local dispensary and back again,” according to the site.
The property opened its first cannabis-friendly rooms in July, followed by the rest of the hotel’s west wing for a total of 16 rooms that welcome the consumption of cannabis products. Clarendon Hotel also accepts reservations for a limited number of rooms on the cannabis-friendly accommodation booking site Bud and breakfast.