Cook Inlet Region Inc., an Alaska Native regional corporation, is seeing mixed success with its hotel ventures.

A Westin Kierland resort in Scottsdale, Arizona, that CIRI invested in is being sold for $393 million. The corporation will see a double-digit profit, a spokesperson said.

Other CIRI properties aren't doing as well. The Hyatt Regency Lake Las Vegas lost $1.2 million, the Ritz-Carlton Lake Las Vegas lost $13.8 million and the Casino MonteLago at Lake Las Vegas lost $10 million last year.

CIRI expects Hyatt to become profitable soon. A new property, the Hyatt Regency Lost Pines Resort in Austin, Texas, is scheduled to open June 1.

Get the Story:
CIRI profits with Southwest resorts (The Anchorage Daily News 5/24)
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Relevant Links:
Cook Inlet Region Inc - http://www.ciri.com

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