Alaska Native corporation sells Vegas interests

Friday, February 2, 2007  

Cook Inlet Region Inc., an Alaska Native regional corporation, recently sold its interests in two Las Vegas resorts.

CIRI sold its 46 percent stake in the Ritz-Carlton Hotel and Spa at Lake Las Vegas because it wasn't performing as expected. CIRI also sold its 50 percent interest in the Hyatt Regency Lake Las Vegas Resort though no reason was given for the sale.

Additionally, CIRI sold the Westin Kierland Resort & Spa in Scottsdale, Arizona, but officials said that facility was doing well.

CIRI got into the hotel and resort business in the late 1990s and still owns several properties.

Get the Story:
CIRI sells off interest in two resorts in Las Vegas (The Anchorage Daily News 2/2)
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Relevant Links:
Cook Inlet Region Inc - http://www.ciri.com

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