Hi,
Does anyone know when the Hilton officially changes ownership ?
Larry Feldman
Speaking of the LVH
The originally date was set for sometime in May but that no exact date
has been released as far I know.
Bob
lfcmja2000 wrote:
Hi,
Does anyone know when the Hilton officially changes ownership ?Larry Feldman
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Larry Feldman wrote
> Does anyone know when the Hilton officially changes ownership ?
Bob Sommer - Top of the World Coins replied:
The originally date was set for sometime in May but that no exact
date has been released as far I know.
I apologize for not condensing this reply into a previous post. I've
sure it looks like I'm spamming the group on this topic.
My info as of a couple of months ago is we were looking at a late June
transition.
In any case, obviously that puts a limit on the practical value of all
the gems I've shared. I'm not fearful that there's going to be any
big changes upon the switch. Colony Capital will have a keen vested
interest in not alienating the more loyal LVH players by ripping out
benefits immediately.
It's actually the case, I suspect, that the cashback cut last year was
definitely in anticipation of a sale in order to avoid sticking the
new owner with the player unfriendly move.
That said, based on Colony's actions at Resorts in AC, I look for far
leaner offerings come next year. They pulled one major cashback cut
half a day into a 3-day 5x cashback promo. That moved them to my, and
many other's, s**t list.
- H.
Harry Porter wrote:
My info as of a couple of months ago is we were looking at a late June
transition.
Since I will be there in less than 2 weeks, I will see what I can find out.
In any case, obviously that puts a limit on the practical value of all
the gems I've shared. I'm not fearful that there's going to be any
big changes upon the switch. Colony Capital will have a keen vested
interest in not alienating the more loyal LVH players by ripping out
benefits immediately.
I have several employee friends at LVH that have been there over 20
years and will ask what their take is on this.
It's actually the case, I suspect, that the cashback cut last year was
definitely in anticipation of a sale in order to avoid sticking the
new owner with the player unfriendly move.
Might be true, but I thought it was to bring them in line, including the
comps account that was not there before, with the rest of the properties.
That said, based on Colony's actions at Resorts in AC, I look for far
leaner offerings come next year. They pulled one major cashback cut
half a day into a 3-day 5x cashback promo. That moved them to my, and
many other's, s**t list.
I sure hope they don't, but if they do, I'm glad I have another casino
to go to. I will miss it. If they do, I think they will lose a lot of
locals and well established out-of-towners. Granted the convention
center is right next door, but that only fills the hotel. With the
exception of the Annual Rodeo, convention people, on a whole, do not
gamble. I have been told this by many properties and know it to be true
when I worked for a major casino 20 years ago. This is the main reason
room rates on the strip go through the roof during conventions.
Bob
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